Finance
The U.S. is trying to save food chains
* Biden administration plans $2.1 billion in new funding to strengthen food supply chains, including initiatives to expand small- and medium-sized processing plants - Bloomberg
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Finance
New high: the average gasoline price in the U.S. reached $4,619 a gallon
* According to the latest data from the American Automobile Association, gasoline prices in the U.S. have reached an all-time high. As of Monday, the average fuel price was up 52% year-over-year.
Bank
Credit Suisse considers selling its asset management business
According to sources, the bank is looking to raise funds for capital investments. The sale of the asset manager division may be related to the bank's desire to get rid of its ties to Russian assets. Over the past 2 decades, Credit Suisse has become one of the
World Wide
U.S. wants to ban digital yuan
Republican senators intend to ban U.S. marketplaces from hosting programs that allow payment in digital yuan, under the pretext that it would allow Chinese authorities to track the activities of Americans. According to the U.S. senator's office, the digital yuan e-CNY could provide the Chinese government
Finance
North Sea oil and gas giants may cut British tax on windfall profits
Recall that Britain imposed a 25 percent tax on excess profits of oil and gas companies to fund measures to support citizens. According to the think tank, North Sea oil and gas companies can use the new rules to reduce the amount of tax. Companies can funnel excess profits into
Finance
Cars and home appliances will rise in the global market-Bloomberg
Japanese steel giant Nippon Steel said Thursday that sharp increases in the cost of resources such as iron and coking coal are provoking a rise in steel prices. The company's vice president said that otherwise their profits would shrink. Nippon Steel and the steelmaking division of JFE Holdings
Finance
Tech giants' advertising revenues threatened by "pandemic" bubble - Reuters
Research firm MoffettNathanson cut its 2025 revenue estimates for Google, Meta*, Snap and Twitter. Digital ad spending in the U.S. is up 38% in 2021 from a year earlier. However, the state of the economy this year could undermine the rapid growth. "After years of excessive optimism, we
Finance
Oil for Our Own Only: Only Cars with Hungarian license plates will be able to fill up with gas in Hungary - Interfax
The Hungarian authorities have adopted prohibitive measures for foreigners wishing to fill up their cars at gas stations in the country. The Hungarian authorities explained this measure by the fact that "gasoline tourism has flourished in the country, which has jeopardized the uninterrupted supply. Gasoline prices are now frozen
Finance
The Thai government provides value-added tax exemptions for digital asset transactions until December 31, 2023.
The proposal was approved on May 24. Transactions in cryptocurrencies and tokens would be exempt from value-added tax on trading platforms registered by the Ministry of Finance. The main goal of the initiative is to facilitate cryptocurrency trading on regulated exchanges so that authorized bodies, including the Securities and Exchange
Europe
Key rate hike of 0.5% in the EU in July is not excluded - thinks Knott of the ECB
* A rate hike in the EU could threaten a recession. However, a tighter ECB policy would allow the euro to recoup losses against the dollar, which could reduce imported inflation from the U.S.
Bank
Russian Federation will continue to pay the national debt, despite the tightening of foreign restrictions, payments will be made in rubles, - Ministry of Finance
The Russian Ministry of Finance, as a responsible borrower, confirms its readiness to continue servicing and repaying all debt obligations. Payments to holders of Russian Federation Eurobonds within the Russian accounting infrastructure will be made to their NSD accounts. Payments to Russian Federation Eurobond holders using foreign financial intermediaries will
Finance
THE MOST STABLE DIVIDENDS EVER
The York Water Company was incorporated in 1816 in York City, Pennsylvania, and is the oldest privately held public utility company in the United States. By the end of 1816 the first 35 homes were connected to the water system. In 1849 a steam pump water supply was established. In