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
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, other issues like the
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.
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 to
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
Bank
White House spokesman Kosta Samaras assured that the regulations will not prohibit or unduly hinder the activities of mining companies. According to the official, its main goal is the reasonable integration of cryptocurrencies into the global financial market. Bitcoin miners have previously been accused of excessive energy consumption, which caused
Finance
The demand for seasonal specialists is growing fastest in the construction and tourism industries. In these groups of professions the number of vacancies increased by 16%. Next comes the restaurant and entertainment industry, as well as the beauty industry, where the number of vacancies has increased by 15%.
Finance
A balance sheet reduction does little more than raise rates to tighten policy. I am quite comfortable with the option of raising rates in the next few meetings. The stronger the economy and higher inflation, the better to do "more" on rates.
Bank
The agreement was reached with foreign holders of 21.4% of the bonds, as well as with Russian holders of 14.5% of the bonds. It comes into force since June 1 and will be valid until August 30 of this year. Earlier it was reported that due to regulatory
Europe
The chancellor noted that Germany cannot currently afford lengthy planning and permitting processes for renewables. Scholz added that energy policy is now equivalent to the country's security policy.