The pace of consumer price growth in China stabilized in February, while the increase in producer prices continued to slow down. Consumer prices (CPI) rose 0.9% year-on-year last month, China’s State Statistics Office (SSO) said. It was the smallest rise since September last year. The result matched both the average forecast of analysts surveyed by […]

Russian President Vladimir Putin has signed a law abolishing VAT on investment gold for individuals, the text of the law was published on the official portal of legal information. It follows from the document that this measure was taken in order to introduce precious metals in bullion into circulation for individuals. The law exempts from […]

Russian President Vladimir Putin has signed a law providing for a number of measures in the economy and social sphere under foreign sanctions. The document was published on the official Internet portal of legal information on Tuesday. Under the law, the government will be able to carry out additional indexation of insurance pensions, pension coefficient […]

Russian Foreign Ministry spokesperson Maria Zakharova has commented on the course of the military special operation in Ukraine. According to her, there was no question of any peaceful use of biological programs in Ukraine, they were supported by the US Department of Defense, RIA Novosti reported. Zakharova also said that the Russian side was wondering […]

Payment system Visa has extended the period of work with Russian cards for one day – until March 11, follows from the company’s message. Starting from this date, cards issued in Russia will not work abroad and will not be accepted for payment in foreign online stores. Domestically, Visa cards will continue to work as […]

Bitcoin and other cryptocurrencies rallied sharply after the U.S. Treasury Department released details of an executive order from President Joe Biden that appears to support a stance on digital assets, CNBC writes. The cryptocurrency rally began back on Tuesday night, after the Treasury Department released details and a statement online in response to the US […]

United Arab Emirates (UAE) Energy Minister Suheil al-Mazroui said the country will abide by the terms of the OPEC+ agreement on oil production adjustments. “The UAE is committed to the OPEC+ agreement and the existing monthly production adjustment mechanism,” he tweeted, adding that “the UAE believes in OPEC’s value to the oil market.” OPEC+ countries […]

The world’s largest online retailer Amazon.com Inc. has announced a 20-to-1 stock split. According to the company’s announcement, shareholders will receive 19 shares in addition to each Amazon paper they own. The company has also launched a share repurchase program of up to $10 billion. The stock split does not necessarily change the value of […]

In February 2022, consumer prices in Germany, calculated according to national standards, rose by 5.1% compared to the same month in 2021, after rising by 4.9% a month earlier, final data from the country’s Federal Statistical Office (Destatis) showed. Relative to the previous month, prices increased by 0.9%. The dynamics of indicators coincided with the […]

This morning, oil prices showed a slight increase after volatile trading the day before, but later again corrected to decline. Yesterday, the benchmark grades demonstrated active growth, the rise was up to 6%. However, in the evening quotations went down due to the strengthening of the dollar, which reduced the attractiveness of raw materials for […]

The Walt Disney Company has announced the suspension of all activities in Russia due to the events in Ukraine. In a statement released Thursday, the company recalls that it had previously suspended the transfer of films for commercial distribution in Russia. Now Walt Disney is “taking steps to suspend all other business in Russia.” This […]

The capital’s labor market has overcome the consequences of the coronavirus pandemic, the unemployment rate in the city is kept at less than 0.5%, the press service of the Moscow mayor and government said on Friday. “In 2021, the labor market completely overcame the consequences of the COVID-19 pandemic and returned to the natural state […]

The Bank of Russia has clarified the procedure for converting currency purchased on the stock exchange through a brokerage company into cash. For the time being, this is not possible due to restrictions previously imposed on banks when dealing with foreign currency, RBC writes with reference to the regulator’s message. “Issuance of cash foreign currency […]

“Tinkoff Investments” named March 14-15 as a possible date for the launch of trading on the stock market of the Moscow Exchange, reports RBC. “We are all in anticipation that we have to open SPOT, we have to open the stock market. According to our information, it will open on March 14-15,” Tinkoff Investments head […]

McDonald’s plans to temporarily suspend the chain’s restaurants across Russia from March 14, RIA Novosti reports citing the company’s press service. At the same time, the office will continue to operate in normal mode. The press service added that, to their regret, at the moment McDonald’s in Russia can not guarantee uninterrupted operation of the […]

Russian troops have advanced again in Ukraine after a week’s delay. The humanitarian disaster in the country is worsening, with the number of refugees now estimated at more than 2.4 million. Oil prices rose as talks to lift sanctions on Iran are on hold, dampening hopes of a rapid increase in Iranian oil supplies to […]

Russian businessman and co-owner of Novatek Gennady Timchenko will leave the company’s board of directors, RIA Novosti reports. The company’s materials show that the businessman was not included in the list of approved candidates for voting at the annual shareholders’ meeting. The European Union in late February included Timchenko in the sanctions lists, also sanctions […]

Lunar raised 70 million euros and launched a crypto trading platform, and Paxos received a license to provide services in Singapore – these and other important news of the cryptocurrency market in our review. Danish fintech startup Lunar raised €70 million in a Series D-2 funding round and launched a cryptocurrency trading platform. Payment giant […]