The European Union’s tenth package of anti-Russian sanctions should be ready by the end of February, it may include further restrictions on Russian media and disconnecting more banks from the SWIFT system, Reuters reports citing diplomats from Poland and Lithuania. “They (diplomats) said that the tenth package of sanctions should be ready by February 24,” […]

Russia and Iran have started discussing the creation of a joint steiblcoin linked to gold, and economists have assessed the likelihood of recession in the United States in the coming year – these and other important news for Monday morning, January 16, in our daily review. The Central Bank of Iran is discussing with Russia […]

At least four Chinese supertankers are delivering Russian Urals crude oil to China after the European Union and G7 countries imposed a price ceiling on energy from Russia, Reuters reports. According to the agency, another vessel was heading to India. According to Reuters’ sources, all five shipments were scheduled for the period from December 22 […]

According to recent data, consumer inflation in the U.S. is generally weakening, which strengthens expectations of further slowing of the rate dynamics by the Federal Reserve, but at the same time, inflation remains above the Fed’s 2% target, which does not yet give full hope of easing the central bank’s course, writes Business Insider. Bank […]

Lambrecht said the incessant criticism in the media made it impossible for her to continue as minister. Critics accused her of incompetence and slowness in re-equipping the Bundeswehr. Lambrecht said in a statement released Monday, Jan. 16, that she had submitted a petition to that effect to German Chancellor Olaf Scholz. “The many months of […]

The price of gas in Europe during exchange trading on Monday fell below $650 per 1,000 cubic meters for the first time since the beginning of September 2021, according to the data of the London exchange ICE. The total price decline for the day is more than 11%. The cost of February futures at the […]

Wharton professor Jeremy Siegel believes Wall Street analysts are being too negative about the stock market as they expect a major sell-off in the first half of 2023, followed by a recovery in the second half. Siegel believes that when everyone expects the same thing, that’s exactly what doesn’t happen, writes Business Insider. “I think […]

Kelly Cox, an investment analyst at eToro, has highlighted the 2 biggest risks to watch for in the U.S. stock market this year and advised how investors should position themselves ahead of a potential recession in the U.S., writes Business Insider. According to her, this year the U.S. economy will either avoid recession or slip […]

Global sales of electric vehicles increased significantly in 2022 due to the upswing in demand in China and Europe. Their share in total annual vehicle sales approached 10%, according to data from analyst companies LMC Automotive and EV-Volumes.com. Sales of all-electric vehicles jumped 68% year-on-year to 7.8 million units, according to the data. In Europe, […]

U.S. House Speaker Kevin McCarthy called for spending cuts earlier this week as the U.S. faces the federal debt ceiling. The World Economic Forum kicked off in Davos, but there are big gaps in the delegate lists in the form of China and Russia. The U.S. stock market is closed due to the Martin Luther […]

Japanese automaker Nissan Motor Co. and French automaker Renault SA are in the final stages of negotiating a deal to renegotiate the terms of a bilateral alliance, according to Japanese newspaper Yomiuri. The parties are holding final discussions on reducing Renault’s stake in Nissan and Nissan’s investment in Renault’s electric car business, expecting to finalize […]

In December, consumer prices in Germany, harmonized with EU standards, increased by 9.6% in annual terms, according to the final data of the Federal Statistical Office of the country (Destatis). The rate of inflation slowed down from 11.3% in November and became the lowest for the last 4 months. In monthly terms, deflation of 1.2% […]

The daily increase in new cases of coronavirus infection in the Russian Federation amounted to more than 4,000 cases, 45 patients with COVID-19 died, follows from the data of the operational headquarters, released on Tuesday. “4,042 new cases of COVID-19 have been detected. The number of hospitalizations during the day amounted to 877 people and […]

China’s population shrank last year for the first time in more than 60 years, a historic shift that is likely to have long-term implications for both the domestic and global economies. The country’s population fell by 850,000 last year to 1.41 billion. The drop was the first since 1961. “This is really a historic turning […]

Oil prices corrected on Monday amid a worrisome agenda at the Davos economic forum, where most economists surveyed expect a global recession this year. Market participants were also rattled by a jump in Russian seaborne exports, which last week hit their highest since April 2022. Brent futures corrected after three days of growth. In the […]

The American company Apple will have to pay for its financial success because of its bet on the development of all production facilities in China in order to maximize profits. According to the Financial Times, the Cupertino-based corporation will now have to urgently diversify its factories to minimize the damage. “Apple chief Tim Cook and […]

OPEC shows “cautious optimism” about the prospects of the world economy, Bloomberg quotes the words of the Secretary General of the organization Haisam al-Gais. According to him, the organization sees the potential for decline in Europe and the U.S., while wanting to see what happens after the New Year in China (end of January). The […]