Finance world news

Downfall

Norway refuses to help EU in resolving energy crisis - Norwegian publication E24

Norway refuses to help EU in resolving energy crisis - Norwegian publication E24

Since August, Norway has been ahead of Russia in gas supplies to the EU. However, Norway does not intend to interfere in pricing and will supply gas at spot prices, - Norwegian Energy Minister Terje Åsland. Åsland added that the EU itself has abandoned long-term gas contracts in favor of

The Russian budget will be short 700 billion rubles in dividends, Vedomosti

The Russian budget will be short 700 billion rubles in dividends, Vedomosti

According to the forecasts of the 2021 Ministry of Finance, this year the budget was supposed to receive 1 trillion rubles in dividends. However, in fact, the budget will receive only 300 billion, which is half as much as last year. More than half of this amount the state will

UK business and manufacturing activity indices fell sharply

UK business and manufacturing activity indices fell sharply

Composite PMI falls 1.2 to 50.9. The manufacturing and business activity indices are down 6.1 to 46 and 0.1 to 52.5, respectively. The manufacturing index is at its lowest in 27 months. Earlier, workers in the UK went on strike.

Business and manufacturing activity indices in Germany fall

Business and manufacturing activity indices in Germany fall

Composite PMI falls 0.7% to 49.2%. The manufacturing and business activity indices fall 0.1% to 49.2% and 1% to 50.2%, respectively. Business activity is declining at a faster pace, indicating problems in the manufacturing sector. Companies are downsizing to cut costs in a tough, recessionary

We expect the Russian market to fall," RIA Novosti poll

We expect the Russian market to fall," RIA Novosti poll

Analysts of investment companies and banks next week expect the Russian stock market to fall in major stock indices and the depreciation of the ruble against the dollar and euro, according to a survey conducted by RIA.

China's terrible heat wave: Reservoirs dry up in the southwest

China's terrible heat wave: Reservoirs dry up in the southwest

Due to a record drought in China, hydroelectric power plants are closing. Companies in Sichuan province, manufacturers of solar panels, cement and urea, have closed or cut production after they were ordered to limit power for up to five days. On Wednesday, Hubei province in central China became the latest

The Labor Ministry proposed to postpone changes in the calculation of funded pensions until 2025 - Vedomosti

The Labor Ministry proposed to postpone changes in the calculation of funded pensions until 2025 - Vedomosti

The amount of the monthly funded pension depends on the calculation period of payments. It was expected that the transition proposed by the Ministry of Labor to the calculation based on Rosstat data would begin in 2023. If the plans had been implemented on time, the expected period of payment

Rising prices of imported veterinary drugs threaten to reduce meat production in Russia - Kommersant

Rising prices of imported veterinary drugs threaten to reduce meat production in Russia - Kommersant

The Ministry plans to grant agribusinesses preferential loans for the purchase of veterinary pharmaceutical products, provided that they are 50% Russian. Industry associations argue that the measure can only lead to a new spike in the price of drugs and vaccines.

Roskomnadzor adds Aliexpress to the list of foreign Internet companies that comply with the law on landing - TASS

Roskomnadzor adds Aliexpress to the list of foreign Internet companies that comply with the law on landing - TASS

Recall what the law on "landing" implies. Owners of foreign companies with a daily audience of more than 0.5 million Russian users are obliged: Establish a branch, representative office or authorized legal entity in the Russian Federation,register a personal account on the Roskomnadzor website,Place an electronic form

Jim Beam and Macallan in Russia are also under threat, - Kommersant

Jim Beam and Macallan in Russia are also under threat, - Kommersant

Beam Suntory (Jim Beam, Maker's Mark, Sauza) and Edrington (The Famous Grouse, The Macallan) have decided to sell their Maxxium Russia venture to local management.