Read enCRYPTed news, get deCRYPTed insights

Topic

Politic

A collection of 269 issues

Poland and Baltic states demand a $30-per-barrel ceiling on oil prices from Russia - Politico

Most EU countries support introduction of price ceiling for oil from Russia in the range of $65-70 per barrel. However, Polish and Baltic authorities reject such a price ceiling, demanding a ceiling of $30 per barrel.

Strong labor market or staff shortage?

Almost 40% of Russian employers are ready to increase the number of employees in their organization in 2023. At the same time, 28% of organizations plan to index and increase salaries. Only 11% of surveyed companies are planning to reduce the number of staff, and 4% of companies are faced

FTX owes its biggest creditors $3.1 billion, - The Block

Cryptocurrency exchange FTX, which has filed for bankruptcy, owes its 50 largest creditors more than $3 billion. Of that, it owes nearly $1.5 billion to its 10 largest creditors. In total, more than a million people may have claims against the exchange, FTX lawyers said.

German authorities are trying to negotiate with businesses to reduce electricity consumption - Bloomberg

According to grid operators, talks have begun with some firms on special contracts. They will allow power to be turned off for several hours a day as winter approaches.

Bloomberg believes that the worst for Russia's economy is yet to come

Analysts polled by the agency believe that Russia's GDP in the first quarter of 2023 will fall by 8%. This will be the peak of the recession. According to the forecast, the recession in the Russian economy will last 2 years: a fall of 3.5% in 2022 and 2%

Poland's Orlen expects to continue receiving Russian oil through the Druzhba pipeline in 2023 - Kommersant

Transneft has confirmed receipt of bids from Polish consumers for 2023. According to Kommersant, Orlen plans to receive 3 million tons of oil next year. An embargo on Russian offshore oil will come into force on December 5. Apparently, however, European companies are not ready to give up Russian supplies

Japan's economy enters recession - GDP fell for the first time in four quarters

Falling QoQ 0.3%, YoY 1.2%. The economic downturn contradicts preliminary estimates of economists polled by Reuters, who predicted growth of 1.1%. The reason for the drop: higher import costs due to higher energy costs.

Saudi Arabia cuts oil production by 84,000 bpd

OPEC's total oil production fell by 210,000 bpd. OPEC also cut global oil demand growth by 100,000 bpd. According to OPEC, the world economy is entering a period of severe uncertainty. Oil prices may react to such news by rising.

Germany's coming winter could be one of the warmest in 30 years, the country's Meteorological Service

According to the service, this will allow consumers and regulators to save on energy costs. According to today's trading results, the price of gas in Europe was $1142 per thousand cubic meters. Tomorrow the price may fall on optimistic forecasts.

October consumer price index data is a welcome relief, but there is still a long way to go, - Logan of the Fed

It may soon be appropriate to slow the pace of rate hikes. The Fed will gradually prepare for a reversal. But the U.S. economy has already begun to cool a bit. Unemployment is up and inflation is falling and will likely continue to fall as real wages have fallen