Economic news

Experts from the German financial conglomerate Deutsche Bank announced a deterioration in their forecast for the growth of the German economy in 2022, due to the negative impact on the German economy of the deteriorating geopolitical situation in Europe in connection with Russia’s military invasion of Ukraine. The bank’s updated forecast, based on a moderate […]

A bipartisan decision in the US Congress has decided to increase aid to Ukraine and its allies in Europe to $13.6 billion. The amount of aid has been increased from the $10 billion requested by US President Joe Biden. According to the Associated Press, $4 billion of the total amount of assistance allocated will support […]

Adidas has reported its financial results for 2021. It reported a net profit of 2.1 billion euros, 4.9 times the profit earned by the company a year earlier. On a per-share basis, Adidas’ earnings increased by 8 euros 69 cents to 10 euros 90 cents. The volume of annual revenue jumped by 15.2%. It amounted […]

The London Stock Exchange, which monitored trading in metals, announced that it was suspending trading in nickel. It will resume no earlier than Friday. The introduction of tough anti-Russian measures raises concerns about possible disruptions in the supply of commodities, including industrial metals. Against the backdrop of such sentiments, the cost of a tonne of […]

Most experts interviewed by Izvestia believe that the refusal of oil and gas in Europe is mainly due to the atmosphere leading up to the collapse of the European Union. Gas prices are already approaching $4,000 per 1,000 m3. But even a stable price of $3,500 could stop that part of the European industry that […]

The British oil and gas company Cadogan Petroleum, which owns assets in Western Ukraine, has decided to suspend production amid hostilities in the country due to the war unleashed by the Russian Federation. Under these conditions, it cannot provide safe working conditions for its employees. The company, listed on the London Stock Exchange, said it […]

The international network of PwC companies providing consulting and audit services has announced the termination of the membership of the RF division in it. The reason for this step was the war unleashed by Russia against Ukraine. At the same time, it is reported that the PwC division, whose offices are located in eleven russian […]

Against the backdrop of a negative geopolitical situation, gold is becoming more expensive. During morning trading, the price of its troy ounce rose above the $2,000 level to $2,005. Then it dropped to $1997. A similar price level was observed in the gold market at the pandemic’s beginning. Traders trading in the commodity markets are […]

The energy conference starts on Monday. It is held every year. The event will be attended by delegates from more than 70 states. This year it takes place in conditions of increased volatility in the markets. The organizers of the conference stated that the conference would be devoted to issues related to the change in […]

Professor of the Russian University of Economics Plekhanova Yulia Fenogenova said that this month the ruble will not strengthen against the background of tough anti-Russian sanctions and the aggravation of the geopolitical situation. However, in the medium term, we can strengthen the country’s currency. Three main factors will contribute to this. Gas and oil prices […]