Bank
Retail sales (m/m) (May): -0,3% (0.2% forecast, 0.7% pred.) Core Retail Sales Index (m/m) (May): 0.5% (Forecast: 0.8%, anticipated 0.4%) Export price index (m/m) (May): 2,8% (Forecast: 1.3%, anticipated 0.8%) Import price index (m/m) (May): 0.8%
Bank
The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising
Finance
According to Bloomberg, Rosneft explored the idea of establishing a trading venture in Dubai after Switzerland confirmed its willingness to follow EU sanctions. But the UAE refused to follow the example of the U.S. and the EU, refusing to impose sanctions on Russian companies. According to Bloomberg, the UAE
Finance
Cash from exports rose to $20 billion, with volumes down 3%. Growth in shipments from Asia boosted total oil shipments Russia's oil export revenues rose to about $20 billion in May despite a decline in shipments, according to the International Energy Agency. Russia's total income from
Bank
The U.K. has unveiled a bill canceling part of the Brexit agreement it signed with the European Union. There are risks of a trade war between the parties, as well as additional threats to Johnson's political position. Under the provisions of the bill, Britain no longer plans
Bank
According to Gorman, no one can predict exactly what inflation will be a year from now. He also added that Europe's economy will certainly be "slower" than North America's this year. Earlier on May 26, James Gorman estimated the probability of a recession to
World Wide
Shanghai has begun mass COVID-19 testing of all 25 million residents, authorities are trying to contain the outbreak. Authorities ordered PCR testing this weekend for all residents in 15 of Shanghai's 16 districts, with residents in five districts prohibited from leaving their homes during the testing period.
Finance
In August, Tesla shareholders will have to vote on a 3-to-1 stock split. Tesla is learning from a filing published by U.S. regulators that the already discussed 3-to-1 stock split will be voted on at a shareholder meeting on August 4. At the same time,
Finance
* Canadian citizens and companies are prohibited from doing any business with representatives of the Russian oil, gas, chemical and mining industries, including coal and metal ore mining.
Finance
The U.S. faces another summer of extreme heat, hurricanes, drought and wildfires - threats that are intensifying due to climate change, according to the National Weather Service. This could have a significant impact on crops produced and the country's costs of dealing with the causes and effects of
Bank
This is necessary to curb record-breaking inflation, said U.S. Secretary of Commerce Gina Raimondo. According to her, the elimination of duties on imports of consumer goods could be good for the U.S. economy. However, steel and aluminum tariffs imposed during Donald Trump's presidency are likely
Finance
The ban on Russian oil imports by sea, imposed as part of the sixth package of EU sanctions, will hit European consumers and businesses, causing a noticeable increase in energy prices, said Guntram Wolf, head of the Bruegel think tank. According to his forecast, the restrictions will lead to a