Economic news

The geopolitical crisis and the resulting logistical problems are pushing up commodity prices. A wheat bushel at auction in Chicago jumped 6.2% to $8.95. The cost of a corn bushel rose 3.5% to $6,825. Palladium on the stock exchange in London soared in price by 8.7%. More than 40% of the total supply of metal […]

The geopolitical crisis and the resulting logistical problems are pushing up commodity prices. A wheat bushel at auction in Chicago jumped 6.2% to $8.95. The cost of a corn bushel rose 3.5% to $6,825. Palladium on the stock exchange in London soared in price by 8.7%. More than 40% of the total supply of metal […]

The critical rate of the Russian Central Bank has reached a historical maximum. The Central Bank held an emergency meeting, following which it was decided to raise its level to 20%. The regulator’s statement notes that such a high rate will help offset the risks for deposits associated with inflation and devaluation. In addition, such […]

The Central Bank of New Zealand representative said that the country has very little trade and economic ties with Russia and Ukraine. For this reason, the bank does not expect any severe consequences for the New Zealand economy due to the crisis between these countries. He noted that currently, the main problem is high inflation. […]

To support the economy of Ukraine during the period of aggressive actions of the Russian Federation aimed at undermining stability in the Ukrainian economy, the UK government has developed another package of economic assistance. It was informed by the head of the British Foreign Office Liz Truss. For the most important projects for the Ukrainian […]

The European statistical office Eurostat reported on the January increase in inflation in the euro area to a historically high level. Its value is fixed at 5.1% against the December level of 5%. Consumer prices in the countries of the EURO currency bloc increased by 0.3% compared to the previous month. Annual inflation, which does […]

French dairy producer Danone reported a 2021 net income of 1.9 bln. euros, down 1.6% from the previous year. Per share, earnings decreased by 5 euro cents to 2 euro 94 cents. The company’s annual operating profit fell to 2.3 bln. euros or 19.3%. The total value of Danone products sold by the company in […]

Lenovo released its quarterly report. It shows that the computer equipment manufacturer completed the fiscal quarter with good performance. Quarterly net income reached $640 million, up 60% from the same 3-month period in the previous fiscal year. Such a high rate of profit growth for the quarter was not observed in the company’s entire history. […]

The results of research conducted by the Conference Board showed a decrease in the level of consumer confidence in the United States. In February, the corresponding index fell by 0.6 points against the January level to 110.5 points. Analysts polled believed that the index would drop to 110 points. Conference Board experts note a deterioration […]

Estonian renewable energy company Enefit Green has signed a contract with Danish wind turbine manufacturer Vestas to supply turbines for a wind farm under construction in Estonia. The amount of the contract was 20 million euros. In total, the Danish company will install 5 wind turbines, each with a capacity of 4.2 MW. It is […]