Politics

Unemployment in Russia may reach 8%: forecast worsens - Kommersant

By the end of the year, the number of jobs may decrease by 2 million, causing the unemployment rate to rise from 4.4% to 7.8%, says ANCOR Vice President for Operations Management Mironov.

The reasons are the same: the departure of foreign companies. The expert predicts two outcomes: the recovery of demand in a year because of bad demographics, or the establishment of this level for several years due to changes in the structure of the market.

Those in the automobile business, household appliances, metallurgy, fertilizers, and construction are at the greatest risk. A positive scenario, however, is for IT, textiles and media.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

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 offering cryptocurrency

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

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