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The Skolkovo Foundation and Skoltech have been losing foreign customers since spring, and new sanctionsworsened the situation. Western clients allowed them to build competencies, and, for example, In early August, the Office of Foreign Assets Control (OFAC) of the US Treasuryincluded the Skolkovo Foundation, the Skolkovo Institute of Science and Technology (Skoltech) and the Skolkovo Technopark on...

Maxillofacial Surgeon Creates South Korea's Most Valuable Startup After Eight Failed Businesses Lee Seung Geun graduated from the best dental school in South Korea at Seoul National University. After serving in the military (South Korea has a mandatory military conscription for men), the 27-year-old met with a former fellow dentist for advice on how to start his own practice. An accident changed h...

In May 2022, US tech giants lost over $1 trillion in market capitalization in a few trading days. Since mid-July, the quotes of the Big Five have been steadily growing again. In the second half of July 2022, shares of leading US technology companies rose sharply after falling at the beginning of the year. The combined market value of giants such as Apple, Microsoft, Alphabet (Google's parent compa...

Ghana's public debt reached 84% of GDP. At the same time, its inhabitants remain the richest in West Africa, and the country is considered one of the most developed in the region and regularly attracts creditors. The Economist explains, Enu, a market shopper in Accra, the capital of Ghana, peers disappointedly into a small bag of crabs. “Before, having bought crabs for two cedis (the national curr...

In July 2022, non-oil and gas budget revenues collapsed by 29%, which was a record for at least 11 years, follows from the data of the Ministry of Finance.Experts attributed this to the problems of metallurgists and the general slowdown in business activity due to sanctions. Non-oil and gas revenues of the federal budget in July decreased by 29% in annual terms, to 99......

The $52.7 billion subsidy law for U.S. chipmakers aims to "strengthen U.S. manufacturing, supply chains, and national security"indicated in the White House Joe Biden US President Joe Biden signed a bill to provide $52.7 billion in subsidies for semiconductor manufacturing and research. The law should make the US more competitive with China in this area, the White House press office said. “The futu...

Banks may not fulfill obligations in foreign currency to legal entities and individual entrepreneurs if the funds appeared on customer accounts after August 8,explained the Central Bank Russian banks may suspend their obligations to customers in foreign currency if the funds were received on the account after August 8, 2......

The Polish National Chamber of Poultry and Feed Producers (KIPDiP) reported that the production of one-day-old broiler chickens unexpectedly set a new record in 2022 as hatcheries quickly recovered from last year's bird flu outbreaks. KIPDiP estimates that in May 2022, Polish hatcheries put 128 million day old chicks on the market. This figure exceeded the level recorded in May 2......

Pig futures returned to a 13.5-month high hit on Wednesday. August lean hog futures on the CME rose 0.175 cents to 120.825 cents a pound, while the most active October contract added 0.8 cents to 98.4 cents. The month ahead hog contract hit its highest level since June 2021 on Wednesday, peaking at 12......

The record trade surplus was primarily affected by the volume of exports, the growth of which exceeded the 14.1% forecast by analysts.notes Bloomberg China's trade surplus (that is, how much exports exceed imports) in dollar terms amounted to $101.26 billion in July 2022, up 81.5% from a year earlier, according to data from the General Administration of Customs of China. This is a record figure ac...

The West is increasingly concerned about the rapprochement between Russia and Turkey in trade and energy spheres, Ankara is urged to pay attention to this concern, writes FT.The day before, Putin and Erdogan agreed to pay for Russian gas in rubles Vladimir Putin and Recep Tayyip Erdogan Western authorities are increasingly concerned about deepening economic cooperation between Russia and Turkey an...

The volume of agricultural products in North Ossetia increased by 2.4% in the first half of 2022 compared to the same period last year - up to 5.8 billion rubles. This was announced by the Minister of Agriculture of the Republic Alan Kusraev. "For the first half of this year, the index of agricultural production amounted to 1......

Pakistan is on the brink of default. The country's currency has collapsed by 26% since the beginning of the year, the country's foreign exchange reserves are catastrophically low, In July 2022, Fitch Ratings downgraded Pakistan's rating outlook from stable to negative. Analysts noted a “significant deterioration in the external liquidity situation” and “financing conditions” since the beginning of...

The detection of foot-and-mouth disease virus fragments on pork products in Australia is another reminder of the need to remain vigilant while this livestock disease rages in Indonesia. Although the fragments were not contagious, Will Holliday, Beef + Lamb New Zealand's senior biosecurity and animal welfare adviser, says it was a wake-up call and highlighted the risk of this virus being introduced...

The list included the co-owner of PhosAgro Guryev and his son, businessmen Viktor Rashnikov, Andrey Melnichenko and the head of the board of directors of the National Media Group Alina Kabaeva. Also under the sanctions were MMK,USA The United States has updated the OFAC SDN Treasury Department sanctions list, which provides for the blocking of assets, isolation from the dollar system, by adding si...

Canadian Agriculture Minister Marie-Claude Bibeau recently announced an investment of up to $133,611 over two years to support the economic growth of Canada's bison industry. Helping bison producers seize market opportunities for their high-quality products contributes to a healthy and sustainable economy, the government said in a press release. With funding from the AgriMarketing program, the Ass...

Over the past day, 9,560 new cases of coronavirus infection were recorded in Russia, while 1,962 people were hospitalized with such a diagnosis, which is 134.7% more than the day before, according to the operational headquarters in Telegram. At the same time, on the website of the operational headquarters, the number of people admitted to hospitals with COVID-19 remained at the level of the previo...

Due to the strengthening of the US dollarGiants such as IBM, Netflix, Johnson & Johnson and Philip Morris are forecasting billions in revenue losses. There is a risk that the US currency has entered a vicious circle, Since the beginning of 2022, the US dollar has appreciated against almost all major world currencies. Between 1 January 2......

There are more than enough of their own products in the country, and with the departure of certain foreign manufacturers, new prospects are opening up for Russian companies. This is the reason why there are no plans to allow parallel food imports. But Russia will not abolish quotas and export duties either: we are ready to fulfill our obligations to foreign partners, but the unconditional priority...

Live cattle futures on the Chicago Mercantile Exchange (CME) edged lower on Thursday under pressure from falling cash prices and a large stock of salable cattle on the US Southern Plains . “We are still seeing cow herd liquidation and heavy stocking of heifers,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. The increase in the number of heifers indicates that the number of cows ...

If the National Clearing Center and the Moscow Exchange fall under sanctions, currency trading will be paralyzed. In this case, the Central Bank plans to create an analogue of Bloomberg - a platform The Bank of Russia is discussing with market participants how to determine the exchange rate of the ruble against the dollar and the euro if the National Clearing Center and Moscow Exchange fall under ...

A special operation in Ukraine could lead to the fragmentation of the world economy into geopolitical blocs. This will prevent countries from jointly fighting global problems, including climate change, The International Monetary Fund (IMF), along with traditional economic and financial risks (tightening of monetary policy, slowdown in economic growth in China, rising energy prices, etc.), attribut...

In the Rostov region, activities are ongoing within the framework of the national project "Export of agricultural products." The region retains its leading position in agricultural exports and expands its port infrastructure through the implementation of investment projects. “Our region remains a leading agricultural and export-oriented region, and despite external challenges and sanctions pressur...

NWFagainst Russia The Accounts Chamber has sent a number of proposals to the Russian government aimed at improving the safety of the National Welfare Fund (NWF), the agency's website says. “The control agency recommended analyzing the current structure of the NWF funds and making changes to it, providing for the exclusion of the share of funds placed in foreign currencies of states that have appli...

to China,stay in the planning phase The US senator 's initiative to sanction companies that insure tankers to transport oil from Russia to China should remain at an early stage. This was stated by Kremlin spokesman Dmitry Peskov at a briefing, RBC correspondent reports. “The US is not trying to [impose restrictions]. There is a legislative initiative of one of the congressmen. Let's hope that it w...

According to the Lithuanian Ministry of Internal Affairs, the primate of the Russian Orthodox Church is Putin's closest ally and one of the most active supporters of the "war against Ukraine."Earlier, Lithuania also proposed to include the patriarch in the EU sanctions list Patriarch Kirill Lithuania has banned the Primate of the Russian Orthodox Church (ROC), Patriarch Kirill of Moscow and All Ru...

According to Agriculture and Horticulture Development Board (AHDB) analyst Hannah Clarke, it was a good year for UK beef exports, which continued to perform strongly in May with 11,000 tons shipped. Despite a 3% decline compared to April, volumes are up 29% (2,500 tons) compared to May 2021. Deliveries increased mainly to France and the Netherlands compared to last year, but also to Ireland and Sp...

Daily number of cases of COVID-19 infectionexceeded 9 thousand for the first time since mid-April.Earlier, Rospotrebnadzor explained the increase in the incidence of the spread of more contagious variants of the virus. Over the past day, Russian doctors have identified 9,027 new cases of coronavirus infection while testing 112,......

Against the background of disruptions in supplies from Russia, the EU decided to reduce gas consumption by 15% from August 1, 2022 until the end of March 2023. RBC figured out On Tuesday, July 26, EU countries reached a "political agreement" on a voluntary reduction in gas consumption by 15% compared to the average for the past five years in the next eight months - from August 1, 2......

Europe has reached the limit on sanctions, the seventh package was an adjustment and clarification of earlier decisions, an unnamed diplomat said. According to him, individual countries want to increase sanctions,but discussion will lead to disagreement The last, seventh package of EU sanctions against Russia is mainly a correction of the already introduced restrictions and an increase in their ef...