British grid operators are taking steps to postpone the planned closure of coal-fired power stations so they can serve as a backup in case of problems in Britain’s energy sector this winter, Bloomberg reported Monday. “Britain’s power grid operator is paying coal-fired power stations that were about to be shut down 400 million pounds to […]

Russia’s response after the imposition of an oil price ceiling by the West will be finalized and institutionalized by presidential decree in the coming days, Russian presidential spokesman Dmitry Peskov said. His words are reported by the Prime news agency. “I want to recall that in Bishkek, the president said that we will talk about […]

Central banks will meet this week, with the Federal Reserve, the European Central Bank and the Bank of England expected to raise their key rates by 50 basis points. Markets remain quiet in anticipation. Amgen is the latest bidder in the $26 billion Horizon Therapeutics auction, and Microsoft is set to acquire a stake in […]

The federal budget of the Russian Federation in January-November 2022, according to preliminary data, was executed with a surplus of 557.023 billion rubles, according to the Ministry of Finance. In January-September, according to revised data announced by Russian Finance Minister Anton Siluanov, the budget was executed with a surplus of about 200 billion rubles, or […]

China will continue to import large volumes of oil and gas from the Persian Gulf countries and make only settlements in Chinese yuan. This was announced by Chinese President Xi Jinping at a summit with Arab leaders, Business Insider reports. “The platform of the Shanghai Oil and Natural Gas Exchange will be fully used for […]

Chinese authorities have banned the supply of processors to Russia to replace Intel, and Bloomberg reported on Russia’s chance to regain leadership in gas supplies to the EU – these and other important news for Tuesday morning, December 13, in our daily review. Chinese authorities have banned the export to Russia and other countries of […]

Sam Bankman-Fried, the former head of bankrupt cryptocurrency exchange FTX, was arrested Monday night by authorities in the Bahamas at the request of the U.S. government, a U.S. attorney confirmed. Bankman-Fried was arrested based on an indictment filed by the Southern District Court of New York, according to a court statement citing U.S. Attorney Damian […]

Unemployment in the UK, calculated according to the methodology of the International Labor Organization (ILO), in August-October 2022 was 3.7%, according to data from the National Statistics Office (ONS) of the country. In May-July this year, the figure was 3.6% – the lowest level since mid-1974. The UK’s employment rate was 75.6% in August-October, up […]

In November, consumer prices in Germany, harmonized with European Union standards, increased by 11.3% in annual terms, according to final data from the country’s Federal Statistical Office (Destatis). The rate of inflation slowed from 11.6% in October, when the indicator reached the maximum value in the history of observations. In monthly terms, inflation fell to […]

Goldman Sachs Group Inc. plans to cut about 400 jobs in its retail banking division, Bloomberg reports, citing informed sources. Earlier, Goldman Chief Executive Officer David Solomon said that the bank intends to abandon its previous ambitions in this area. The retail division, which is unprofitable, intends to stop making loans in the coming months, […]

Bitcoin as the world’s dominant cryptocurrency has been uncharacteristically quiet over the past 2 weeks, treading between $15,770 and $17,350 after the market crash caused by the collapse of the FTX exchange in November, and now what will happen next, no one knows, writes Reuters. “The question we have to ask ourselves now is: are […]

UK inflation fell more than expected in November, easing pressure on the Bank of England to keep raising interest rates amid the recession. The consumer price index rose 0.4% for the month, compared to a worrying 2.0% rise in October, which was driven by an adjustment in regulated household energy prices. Analysts had expected a […]

Apple is preparing to allow alternative app stores on the iPhone and iPad and the download of third-party applications. This is reported by Bloomberg with reference to its sources. This, among other things, will allow developers to bypass Apple’s restrictions and commission of up to 30% for user payments. According to the agency, in this […]

Almost every fifth Russian (19% of respondents) has a brokerage account, RBC writes with reference to a survey by the analytical center NAFI. But only a little more than half of those who have brokerage accounts – 10% of respondents (13% of male and 8% of female respondents) – reported that they invest actively: they […]

British bank HSBC said on Wednesday that it will stop providing new loans and capital market financing for new oil and gas fields, Reuters writes. At the same time, the bank will continue financing natural gas projects for the time being, given the global energy crisis and pressure on supplies. The goal of such a […]

The U.S. Federal Reserve has slowed the pace of prime rate hikes, and Reuters told about Russian oil sold to India at or below cost – these and other important news for Thursday morning, December 15, in our daily review. The U.S. Federal Reserve’s Federal Open Market Committee raised its benchmark rate range by 50 […]

Some investors believe an expected recession will force the U.S. Federal Reserve to loosen monetary policy next year, even despite forecasts of the central bank raising the rate more than previously expected and holding it longer to fight inflation, Reuters writes. After the Fed’s monetary policy meeting on Wednesday, there was talk of an expected […]

The EU member states have failed to agree on the ninth package of anti-Russian sanctions, Reuters reports citing diplomatic sources. One of them did not rule out that a new version of the document will be ready by the evening of December 15, given that the last EU summit of the year will start on […]