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Walter Grand

Walter Grand

Intel and Brookfield to invest $30 billion in chip production in Arizona - Reuters

Brookfield, a subsidiary, will invest up to $15 billion to acquire a 49% stake in the Intel project. The chipmaker itself will retain operational control of the two plants. Intel says that the funding received is more expensive than a loan, but cheaper than equity. The deal allows the company

Opposition to the re-consideration of coal-fired power in Austria

The government failed to secure the support of opposition parties for a bill to restore coal-fired power. The bill was rejected in parliament, and opposition representatives expressed dissatisfaction with the country's energy policy. Plans for the bill included energy companies developing plans to switch to energy sources other than gas.

One of the largest producers of salad mixes "Belaya Dacha" plans to start importing raw materials from Iran

Earlier the holding worked with suppliers from Italy and Serbia, but with the beginning of the crisis it was forced to look for a replacement. Experts believe that Iranian agribusinesses cannot match Italian ones in terms of quality of production.

Russian brands of clothing, footwear and accessories will occupy half of the consumer market by 2030

Domestic brands will be able to occupy a niche of 1.3 trillion rubles, Alexey Bazhenov, an expert of the National Technological Initiative, told RIA Novosti. After the departure of Western brands from the Russian market, according to him, a niche of at least 13.5% of the market has

Russians may stop issuing visas - Rossiyskaya Gazeta

The Ministry of Foreign Affairs of the Russian Federation does not rule out stopping the issuance of Schengen visas to Russians. This statement was made by Ivan Volynkin, director of the consular department of the Foreign Ministry. August 31 at an informal meeting in Prague, the European foreign ministers will

Producers warned of rising olive oil prices - The WSJ

Spain is the largest producer of olive oil. Now the country is in heat and drought. This will hit the upcoming harvest hard. Experts and producers say that this will have a negative impact on production, may increase prices for the final products and intensify the food crisis.

Revenues of MosBirch from the commission decreased by 18.8% for the year

EBITDA grew by 17.7%, to 11,382.1 million rubles. Net income increased by 19.0% to 8,285.5 million rubles. The change in fee and commission income in the second quarter was due to a decrease in trading volumes due to the absence of foreign investors, a

Container traffic between Russia and China increased 5.9 times - TASS

Growth was recorded at railway checkpoints in the seven months of this year. Including 3.8 times due to transit to Europe, according to the service of the Far Eastern Railway.

The world's largest sovereign fund reported record losses in the first half of the year - Forbes

The fund manages $1.2 trillion, lost $174 billion or 14% over six months. Mostly technology stocks fell 28%, stocks in general fell 17% and bonds fell 9.3%. Tangen, the fund's CEO, attributed the stock market drop to rising interest rates, high inflation and Russia's SWOT in Ukraine.

Bank of America predicts further layoffs at Nvidia to relieve the company's payroll

Earlier last month, the company sharply reduced its revenue expectations for 2022. The main reason: falling product sales. This could be due to a slowdown in demand for PCs worldwide, as Microsoft said in its last quarterly report. Today's news could trigger a drop in the company's stock. The company's