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Economy

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Germany and Austria will put coal-fired CHP plants back into operation, Forbes

Previously, they were closed because of the environmental agenda, but with the reduction of Russian supplies, the environment has become a secondary concern. The corresponding bill is going through the German parliament and could come into force as of July 8. To revive the use of coal for power generation

Ford recalls 3.3 million vehicles in North America

The company said it has found the possibility of a transmission defect in the 2013-2019 Escape, 2013-2018 C-Max, 2013-2016 Fusion, 2013-2021 Transit Connect and 2015-2018 Edge models. The problem can interfere with shifting into the right gear. This is the fifth Ford vehicle recall related to transmission problems since 2018.

Bank of Russia returns the former parameters of the program of state support for SMEs - Frank RG

The regulator cancels the fixed rate on programs to stimulate small and medium-sized businesses, which was 9.5% after the key rate jumped to 20%. Now the rate for SMEs will again be calculated according to the formula "key rate minus 1.5 p.p.". The decision was taken against

Half of all building materials in Russia is 100% dependent on the West - RBC

Imports of machine tools and components have stopped due to sanctions. If no measures are taken, in three to four years the market will feel an acute shortage of building materials, experts warn. Some types of bricks, façade tiles, assembly foam and sealants, aerated concrete and polymer insulation are among

NFTs are 100% based on the greater fool theory, says Bill Gates

The billionaire believes that the NFT market is based on the concept that even the most worthless asset can grow in value through resale to "an even bigger fool." Gates said he prefers to invest in assets with tangible performance, such as farms and factories, and he has nothing to

By the fall, Russia should switch from parallel imports and zero duties to the introduction of barrier duties against unfriendly countries

The country's task is to "walk this line and not to fall into such a bazaar station a la the 90s - that's our task," the deputy minister of the Ministry of Industry and Trade. According to him, there are discussions on every item of the commodity nomenclature: "This is

Fitch: We have significantly and dramatically revised our inflation forecasts upward, especially for Europe in 2022

Energy and food supply disruptions due to the Ukraine crisis are having a faster-than-expected impact on inflation in Europe. We forecast a decline in U.S. growth to 1.5% in 2023 and 1.3% in 2024. US economic growth will slow to barely positive quarter-on-quarter from mid-2023 on the

The volatility index of S&P 500 companies is approaching this year's highs

The S&P 500 Index is currently down 3.15%. The Nasdaq is losing almost 4%. Among the few surviving companies were Coca-Cola and McDonald's. Amid the negative sentiment, traders are rebooting hedging in the options market, as evidenced by the VIX index. The relative trading volume of loss-protecting

Hyundai Motor tries to ramp up production over the weekend despite strike - Reuters

Hyundai Motor Co's huge factory complex increased production over the weekend despite a nationwide truckers' strike that hit ports and other South Korean industrial giants. On the fifth day of the strike, about 100 truckers gathered at the main gate of the Hyundai plant in Ulsan city, protesting soaring fuel

The first road bridge between Russia and China opened - Reuters

Yesterday in Blagoveshchensk opened freight traffic on the first road bridge over the Amur River, which connects the capital of Priamurye with the city of Heihe in China. Trutnev: the opening of the automobile bridge to China is of great importance for the whole of Russia. The bridge "will pay