Time and money are largely interchangeable terms. - Winston S. Churchill

Finance

Sales of iPhone 14 have dropped fourfold, - RB

Sales of iPhone 14 have dropped fourfold, - RB

Russians have bought four times less iPhone 14 than iPhone 13 in 2021 since sales began. From September 16 to October 12, only 53 thousand citizens bought the new model. The average age of buyers is 37-39 years old. Sales were affected by the effect of fewer outlets, savings of

Elon Musk is under investigation by U.S. federal authorities for his behavior in the Twitter acquisition deal - Bloomberg

Elon Musk is under investigation by U.S. federal authorities for his behavior in the Twitter acquisition deal - Bloomberg

Twitter is convinced that Musk "bluffed all along by claiming to be out of the deal. Musk's fraudulent and illegal actions collapsed the social network's stock, hurting the company's investors while improving the American billionaire's bargaining position."

MTS plans to change its dividend policy by the end of the year

MTS plans to change its dividend policy by the end of the year

The director on relations with investors informed that the company is actively working on the dividend policy, development of which was earlier postponed for 2022-2024. It is planned to make payments more frequent than 2 times a year. Changes concerning the method of calculation of the sum and conditions of

China intends to replace U.S. corn

China intends to replace U.S. corn

As early as December, China may start importing corn from Brazil, reducing its dependence on the United States. The crop, which has risen in price on the Chicago exchange, makes it unattractive to buyers. China has an agreement with Brazil and is expanding trade in food products.

Italy's Enel closed the sale of its stake in Enel Russia

Italy's Enel closed the sale of its stake in Enel Russia

The transaction amounted to 137 million euros. The buyers were Lukoil and Gazprombank-Fresia Fund, which bought 26.93% and 29.5%, respectively. In total, Enel sold its entire 56.43% stake. The deal included Russian generating assets, including about 5.6 GW of conventional generation and about 300 MW of

WSJ seeks reasons for OPEC's oil production cuts, but they are obvious: Saudi Arabia needs money to develop its own economy

WSJ seeks reasons for OPEC's oil production cuts, but they are obvious: Saudi Arabia needs money to develop its own economy

According to WSJ sources, U.S. officials called Saudi Arabia a few days before the OPEC meeting. They asked to postpone production cuts and also warned that a drastic reduction would mean an acceptance by Russia. Next year, Saudi Arabia will only be able to provide money for the budget

Dollar rises sharply amid investor panic

Dollar rises sharply amid investor panic

The investors' panic is caused by the recent geopolitical events: the explosion on the Crimean bridge, as well as the shelling of many Ukrainian cities this morning. Physicists decided to switch to a defensive asset, i.e. the dollar, which caused the abnormal growth.

FESCO opened a subsidiary in Tashkent to develop logistics services in the region, - the company

FESCO opened a subsidiary in Tashkent to develop logistics services in the region, - the company

The new company will provide logistics services for companies from Uzbekistan, Tajikistan, Turkmenistan and Kyrgyzstan.

Nigerian oil stolen at "unprecedented" rate

Nigerian oil stolen at "unprecedented" rate

Authorities discovered an illegal pipeline at one of the country's main oil export terminals, through which oil has been stolen for more than 9 years. The four-kilometer-long pipeline is located at the Forcados terminal. "Oil theft in the country has been going on for more than 22 years, but the

Clearstream resumes conversion of Russian depositary receipts

Clearstream resumes conversion of Russian depositary receipts

Clearstream Banking will resume executing instructions for the conversion of depositary receipts for Russian stocks from October 7. The company also reminded that it has extended the cancellation of commissions for transactions for the transfer of assets until December 31. Such a measure was necessary to evade the EU sanctions