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Walter Grand

Walter Grand

Amazon will suspend the hiring of its corporate workforce

Nevertheless, the company believes it will be able to hire a significant number of employees in 2023. For now, Amazon, like many IT giants, is trying to cut labor costs as much as possible. However, there is little impact on the macroeconomy: vacancies are plentiful in the market, and human

Bank of England raises rate by 0.75% to 3%, but looks like tightening cycle will weaken

The Bank of England believes that if interest rates go behind the market rate curve, the U.K. economy will be in recession. As a result, the Bank of England believes that peak interest rates will be lower than the market expects.

TikTok could be banned in the U.S., Axios

The Council on Foreign Investment in the United States (CFIUS) should take action to ban TikTok, Brendan Carr, one of five commissioners of the Federal Communications Commission, told Axios. The TikTok app has more than 200 million downloads in the U.S. The U.S. continues to fear "threats to

A new payment system appeared in Russia - Frank RG

The Bank of Russia has registered a new payment system, its name is "Astrasend". The operator of the new system is NPO "Inkahran", which, in turn, belongs to the Moscow Credit Bank. So far not much is known about the payment system. But in its rules it is noted that

Russia Obtains Chips for Military Purposes from Imported Refrigerators, Bloomberg

Russia may receive microchips for military purposes from household appliances bought in friendly countries, the newspaper said. Bloomberg collected data from Eurostat: Armenia imported more washing machines from the EU in eight months than in the past two years.In August, Kazakhstan imported $21.4 million worth of European refrigerators

Deputies will allow to pay with cryptocurrency abroad and legalize mining, - chairman of the State Duma Committee on Financial Market Aksakov

In this case, the bill submitted to the State Duma spelled out that if there will be an experimental mode of cryptocurrency use, it is possible, for example, to pay for parallel imports.

U.S. GDP rose 2.6% in Q3, compared to the forecast of 2.4%

But all is not well: New orders for durable goods fell 0.5% y/y, the worst performance since 2020. Capital investment was also down 0.5%. GDP was pulled by foreign trade. Earlier, the U.S. Department of Energy said that U.S. energy imports reached a new record.

Domestic smartphone brand Inoi has decided to leave Russia

Now it will position itself as an Estonian company, reports Forbes. The brand's share of sales in Russia now stands at 5.9% for handheld phones and less than 1% for smartphones.

Microsoft also falls in the postmarket, but the report is better than Google's

Revenue and EPS exceeded analysts' expectations: $50.1 billion and $2.35, respectively. However, net income fell 14%. Cloud services showed good growth. The IT giants' reports may shake up the U.S. market in tomorrow's trading.

Bank of Russia won't raise interest rate, analysts say

16 out of 20 analysts surveyed by Bloomberg, the Central Bank of Russia will leave the rate at 7.5%. Since the last meeting of the Bank of Russia: a partial mobilization was introduced, 1 trillion rubles were allocated to finance the budget deficit and a "medium response level" was