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The People's Bank of China will increase policy support for the economy, but avoid flood-like stimulus, Vice Chairman of the People's Bank of China

After a slowdown in production due to the drought and energy crisis, the Bank of China decided to stimulate economic growth. Stimulation may consist of simplification of business, reduction of regulatory pressure, reduction of fines. Possible loosening of the policy of zero tolerance to Covid. Previously, this policy led to

Medicine never loses its relevance - report of SC Mother and Child

The company's revenues remained almost unchanged at +1.3%. Net income fell by almost 10%. However, profitability remains high - 20%. The main factor in the decline in profits is a decrease in the number of bed-days by 8%.

Coal supply in Poland lags far behind demand

About 3.8 million homes in Poland are heated with coal and people are trying to stockpile. And the country's fuel reserves are at a minimum and people are queuing to buy enough coal for winter. The embargo on coal supplies from Russia has caused serious damage to Poland, as

Nord Stream supplies completely stopped for 3 days

The stoppage was due to the start of repairs to the only remaining gas compressor unit at the Portovaya compressor station, according to German pipeline operators Opal and Nel.

Electricity supplies to China from Russia increased by 70% - Kommersant

Energy exports are estimated at 2.65 billion kWh, worth $125 million. However, this is well below the capacity of 4.4 billion kWh," Inter rAO reported. Russia is also increasing energy exports to Kazakhstan, Georgia and Mongolia. However, due to the loss of the European market, the volume of

Toyota can't reach production target, company report

Toyota produced a total of 706,000 vehicles in July, down 8.6% YoY. Vehicle production has been below the target of 800,000 for the fourth month in a row. Reasons: semiconductor shortage, covid restrictions in China, drought, energy crisis in China.

EU countries are unlikely to unanimously support the ban on short-term visas for Russians - head of EU diplomacy Josep Borrell

n his opinion, the restrictions should affect only some Russians, such as "oligarchs. Baltic states proposed to the European Commission to introduce the 8th package of sanctions against Russia: measures on trade and energy, new restrictions on Swift - Estonian Foreign Ministry

Tatneft's net profit increased by 50% in 2022

The company's net profit under IFRS in the first half of the year increased 1.5 times year-on-year and amounted to 139.884 billion rubles. Revenue from sales and other operating income from non-banking activities amounted to 790.798 billion rubles, having increased by 41.7% for the year. Aggregate

Europe stops producing fertilizers

The increase in gas prices by almost 30% since mid-August caused a wave of shutdowns of European fertilizer production facilities. Within a few days, major companies in Norway, Germany, Poland, Lithuania, France, Great Britain and Hungary announced the reduction of production or closure of plants. Overall, according to analysts, more