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Number of pigs grown in Germany fell to a record low, - Bloomberg

Number of pigs grown in Germany fell to a record low, - Bloomberg

By May 3, the number of pigs in Germany had dropped to 22.3 million, according to research, the lowest number since the country's reunification. A shock for a country known for its sausages. The rapid drop in numbers underscores the stress livestock farmers around the world are

WTI oil loses almost 4%

WTI oil loses almost 4%

The price of U.S. oil continues to fall amid the decisions of the Biden Administration. Today the U.S. president addressed Congress with a proposal to cancel the fuel tax for 3 months. Also, state authorities are trying to encourage producers of petroleum products to increase production rates in

Inflation hits Canadian steelworkers and loggers

Inflation hits Canadian steelworkers and loggers

Shares of Canadian mining, steel and timber companies have lost all of this year's gains. The Bank of Canada's tightening policies and record inflation since 1983 are slowing demand in the economy for raw materials. "Rates are rising, and that will hit all cyclical industries,

Fed really can't do anything about oil prices - Powell

Fed really can't do anything about oil prices - Powell

Price inflation is a macroeconomic issue, he believes. We need a restrictive policy, and that is where we are headed. We don't think we've seen the full effect of quarantine in China yet.

Inflation is hitting my people so hard they're coughing up bones - Senator John Kennedy

Inflation is hitting my people so hard they're coughing up bones - Senator John Kennedy

* That's how the Los Angeles Republican addresses Fed Chairman Jerome Powell at today's Senate Banking Committee hearing on monetary policy and the economy.

Brent oil falls by 5% - quotes below $110 per barrel

Brent oil falls by 5% - quotes below $110 per barrel

* Oil heard Biden and still retreated from the highs of June. It's the reduction in demand due to the increase in rates by global central banks.

No information about possible talks between Xi Jinping and Biden - PRC officials

No information about possible talks between Xi Jinping and Biden - PRC officials

It is important that the U.S. and Chinese leaders talk, they added. Xi will open the BRICS meeting this week, where he is expected to present plans for an alternative center of power for the G7 and NATO.

Germany's Uniper received less gas from Russia than the contract stipulated, Bloomberg

Germany's Uniper received less gas from Russia than the contract stipulated, Bloomberg

As it follows from the letter of the company's representative, the energy concern received 25% less than promised gas. The volume of supplies decreased after Gazprom reduced gas supplies via Nord Stream. Today it was reported that the company received even less than half of the promised energy

The Ministry of Finance will act with an eye to the Central Bank policy, increasing budget spending in response to a tightening of monetary policy and vice versa - Siluanov

The Ministry of Finance will act with an eye to the Central Bank policy, increasing budget spending in response to a tightening of monetary policy and vice versa - Siluanov

We are adjusting tax policy to the current challenges, we can not talk about its immutability in the coming years, but all decisions will be balanced, the official added. Russia's debt service costs are already reaching 400 billion rubles per year, and will exceed 2 trillion rubles in

Jerome Powell: The neutral rate "is pretty low these days."

Jerome Powell: The neutral rate "is pretty low these days."

The data show that inflation expectations that short-term inflation will be high still hold, but are falling sharply in the medium term. Fed inflation expectations have also risen. We have not decided how tight our policy restrictions should be. A compromise can always be found. Any recommendations we make are