Finance world news

Politics

EU will solve the issue of using a single charging port for gadgets - FC

EU will solve the issue of using a single charging port for gadgets - FC

The EU authorities will make a final decision on the use of a single charging port for smartphones, digital cameras, tablets, wireless headphones and other headsets, as well as game consoles and portable speakers. Laptops will not be affected by the decision. The idea of using a single standard for

Kazakhstan will change the name of the oil brand due to sanctions against Russia, - Reuters

Kazakh producers decided to rename the oil to "separate" from Russian Urals. As the reasons, the interlocutors of Reuters named the unwillingness to impose sanctions and the desire to facilitate sales. Since June 2022, the following grade name has been applied - KEBCO - Kazakhstan Export Blend Crude

Chinese President Xi Jinping has instructed his advisers to find a way to help Russia financially without violating sanctions, The Washington Post quoted U.S. and Chinese officials as saying.

Chinese President Xi Jinping has instructed his advisers to find a way to help Russia financially without violating sanctions, The Washington Post quoted U.S. and Chinese officials as saying.

* According to the paper's interlocutors, Beijing is in a difficult situation because, on the one hand, it wants to help "its most important strategic partner" and, on the other hand, it fears that in response the U.S. and its allies will impose sanctions.

If inflation doesn't slow down, another 50 basis point increase may be appropriate, - Fed's Brainard

If inflation doesn't slow down, another 50 basis point increase may be appropriate, - Fed's Brainard

I do expect to see some cooling of the economy over time," Brainard of the Fed If inflation does not slow down, another 50 basis point hike may be appropriate. The market's estimate of a 50 basis point rate hike in June and July seems to be

All U.S. Federal Reserve Banks Reported Continued Economic Growth - Fed Beige Book

All U.S. Federal Reserve Banks Reported Continued Economic Growth - Fed Beige Book

Most FRBs reported strong price increases in the regions they oversee. Rising input prices in particular were noted. Eight of the 20 Reserve Banks reported that respondents' expectations for future economic growth were declining. Three banks expressed concern about recession risks.

Fed's Williams: Central banks' role in providing liquidity and stability will remain, but digital currencies could change that

Fed's Williams: Central banks' role in providing liquidity and stability will remain, but digital currencies could change that

The digital revolution in payments and money could have implications for the central bank. It is important for the Fed to understand how digital technology affects the economy, the financial system, and policy implementation. Stablecoins and CBDCs carry both risks and opportunities, Williams added. Bank of England's Hauser:

Daley from the Fed: High inflation has lasted too long

Daley from the Fed: High inflation has lasted too long

According to Daley, Fed officials hope to reach the 2.5% rate by the end of the year. She also called for reaching the target neutral rate as soon as possible. Daley expects at least a "couple" of 50 basis point hikes in the near future. However, she

Fuel prices in the UK rose to new records

Fuel prices in the UK rose to new records

According to the automotive organization RAC, the average price of diesel fuel in Britain reached $2.31 per liter on Saturday. The average cost to fill up a family car exceeded 100 pounds, which could seriously affect consumer spending. Prices for regular gasoline are also at record levels. The average

Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies

Rivian's executive in charge of production engineering is leaving the company, - Yahoo!

Rivian's executive in charge of production engineering is leaving the company, - Yahoo!

Rivian Automotive announced that Charlie Mwangi will leave the company. He helped Rivian get the electric car manufacturing process up and running. Mwangi, a former Tesla Inc. executive, has served as executive vice president at Rivian since May 2020. He launched the R1T pickup truck and the R1S SUV in