Unemployment in the UK, calculated according to the methodology of the International Labor Organization (ILO), December 2021-February 2022 was 3.8%, according to data from the National Statistics Office (ONS) of the country. In September-November, the figure was 4.0%. There were 1.296 million unemployed people in December-February, 409,000 fewer than a year earlier and 86,000 fewer […]

U.S. stock indexes fell Monday as rising Treasury yields, which move inversely to stock prices, sent technology stocks tumbling. Investors are preparing for Tuesday’s release of U.S. inflation data for March, which many expect to show the highest price increases in 4 decades. However, the labor market is also at multi-year highs in terms of […]

Finnish telecommunications equipment maker Nokia is withdrawing from the Russian market, according to the company’s website. “In recent weeks we have suspended deliveries, stopped new business and are moving our limited R&D activities outside Russia,” the statement said. CEO Pekka Lundmark told Reuters the company sees “no opportunity to continue [business] in the country under […]

Shares of Russian Rosbank soared 39.83% at the opening of trading on April 12, their value reached 133.4 rubles per unit, according to the data of the Moscow Exchange. Quotes began to grow after the investment company Interros announced on Monday its intention to acquire a stake in the capital of Rosbank, owned by the […]

European stock indexes fell sharply on Tuesday as investors are cautious ahead of key central bank meetings while inflation is rising sharply and the ongoing conflict in Ukraine is likely to escalate. By 03:40 a.m. ET (07:40 GMT), Germany’s DAX index was trading 1.9 percent lower, Britain’s FTSE 100 was down 0.9 percent and France’s […]

Russian President Vladimir Putin has instructed the government to double the tourist cacheback for travel to the Far East. “We will develop all areas of activity, we will develop tourism, including to the Far East. Speaking of which, I asked the government to double the cacheback for those who travel to the Far East region,” […]

U.S. inflation hit its highest level in 40 years in March, which will increase pressure on the Federal Reserve to tighten monetary policy. China’s head of government called for accelerated stimulus to mitigate the effects of the spread of quarantine due to COVID-19. Business sentiment in the German economy deteriorated, with OPEC and the U.S. […]

The growth of the world gross domestic product (GDP) in 2022, according to experts of the World Trade Organization (WTO), will be 2.8 per cent. Before the special operation in Ukraine, it was estimated at 4.1 percent. The corresponding forecast is contained in the report of the organization. WTO analysts believe that in 2023 the […]

The Chinese yuan/Russian ruble currency pair with settlement “tomorrow” (settlement mode _TOM) set a record of daily trading turnover at the Moscow Exchange. At the trading on Monday, April 11, the volume of currency transactions reached 25.18 billion rubles. – This is the maximum level since the start of trading in yuan on the site, […]

Russia’s current account surplus reached $58.2 billion in the first quarter of this year alone, a record in nearly 3 decades, Business Insider writes. Russia posted its largest current account surplus in about 3 decades as revenues from oil and gas exports surged in the first quarter of the year: $58.2 billion, the central bank […]

The pessimism of stock managers has reached unprecedented levels, and fears about the events in Ukraine have given way to fears of global recession, hawkish central bank policies and rising inflation, according to data from a monthly survey by Bank of America (NYSE:BAC). The percentage of respondents expecting the global economy to worsen has risen […]

In the course of today’s trading, the U.S. dollar is growing in value against the Japanese yen and getting cheaper against the euro. Investors are evaluating the comments of the Fed representatives after the release of data on inflation in the United States, which has reached a multi-year high. On the eve, the member of […]

In March, consumer prices in the UK jumped by 7% compared to the same month last year, according to data from the country’s National Statistical Office (ONS). The rise in prices became a record since March 1992. Thus, inflation accelerated compared to February, when consumer prices rose by 6.2%. Analysts polled by Bloomberg on average […]

In March 2022, the deficit of the U.S. state budget decreased by 71% and amounted to $193 billion compared to $660 billion a year earlier, the country’s Treasury Department reported. Budget revenues increased by 18% and reached $315 bln. The growth of revenues was largely due to the increase in tax revenues amid economic recovery. […]

On Wednesday, the Russian stock market started trading in a slight plus on the background of improving external stock market conditions and stabilization of oil, as well as a lull in the news flow regarding anti-Russian Western sanctions. The MosBirch index added 0.42% and amounted to 2551.68 points during a minute of trading. The RTS […]

The Ministry of Energy allowed oil prices to rise up to $150 per barrel in case of embargo, and trade turnover between Russia and China increased by almost 29% in three months – these and other important news for Wednesday morning, April 13, in our daily review. Oil prices may rise to $150 per barrel […]

The Russian Government has approved the rules for settlements for the leasing, rental and purchase of aircraft from companies from “unfriendly” countries. If a lessor has a structural subdivision registered in Russia, payments will be made in roubles. If the company has a structural subdivision in a country that has not joined the anti-Russian sanctions, […]

Sberbank reported that Google has removed the bank’s application from the Google Play store on the Android platform. Updates for the application are also unavailable, writes RBC. “The previously installed application works, there are no restrictions on its use. We recommend that customers do not delete the installed application of the bank,” – said in […]