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The Business Environment Index, measured by a survey of major companies, fell lower in March than during the 2014-2015 downturns and at the start of the pandemic. This is evidence of the beginning of a new crisis in the Russian economy, The business environment index of the Russian Union of Industrialists and Entrepreneurs (RSPP) in March fell to its lowest value in ten years - it amounted to 32 p...

In January and February, the country benefited from higher world market prices. Export volumes have declined due to government intervention. And in the first two months of the year, Argentine beef exports reached $481.8 million, up 23.5% from the first two months of 2021. In February, last year's result of $266.6 million was beaten by as much as 41.2%, according to export promotion organization IP...

The global food testing market is currently valued at $19.1 billion and is expected to grow to $24.4 billion by 2026 at a compound annual growth rate (CAGR) of 5.8%. According to the GIA forecast for the same period, the microbiological forensics segment is expected to have a CAGR of 5.6% to $7.1 billion globally. The report notes that the food industry is increasingly using automated and rapid mi...

In the Chinese Foreign Ministrystated that, when making settlements, the parties can choose the currency based on their own needs. Chinese companies intend to actively use the yuan and rubles in trade with Russia Beijing is allowing a switch to payments in rubles or yuan in energy trade with Moscow to reduce costs due to currency exchange and avoid currency risks, the Chinese Foreign Ministry told...

Spanish pork exporters sold more products abroad in the past calendar year despite declining sales in China. According to industry association Interporc, citing data from the national foreign trade database Datacomex, the southern European country sold abroad a total of 3.09 million tonnes of raw and processed pork in 2......

Chinese pork processing giant WH Group Ltd said on Monday that its 2021 profit rose 7.2% to $1.043 billion thanks to increased sales in the US and Europe, Reuters reported. The group that owns U.S.-based Smithfield Foods, the world's largest pork processor, saw revenue rise 6.7% to $27.29 billion. Earnings before value adjustments rose after low hog prices pushed down production costs in China and...

About the expert: Alex Vasiliev, founder of Healthy Eva baby food company, lecturer at the SKOLKOVO School of Management. Key trends 1. Health. In China, in recent years, there has been a pronounced trend towards the improvement of the nation, which is supported at the state level. People have realized that it is necessary to monitor health and proper nutrition. This trend was further developed by...

Many banks see an increase in the interest of stores and buyers in payments by QR code, in particular through the Central Bank system. The "Chinese" payment method is gaining popularity in conditions Russian stores have a growing interest in connecting payments using the Fast Payment System (SBP), representatives of large acquiring banks told RBC. This is happening against the backdrop of the depa...

TikTok was launched less than five years ago, but the app has already been downloaded more than 3 billion times. Let's talk about why it's so popular The 22-second video, recorded “just to make someone smile,” turned the life of a 37-year-old American and revived a 90-year-old company. On September 25, 2......

Citizens were allowed not to pay tax on income from interest on deposits, and organizations were allowed to apply for VAT refunds under certain conditions.The authorities also softened the norm on the calculation of penalties and took other support measures. Russian President Vladimir Putin signed a law on tax measures to support the economy in the face of sanctions against Russian individuals and...

The Chinese meat market is changing very quickly and is expected to focus more on imports of beef and cattle this year, while imports of pork and live pigs will decrease significantly , a recent USDA analysis showed . Pork imports for 2022 are downgraded to 3.3 million tonnes due to competition from cheap domestic pork, higher tariffs on pork imports (from 8 percent to 12 percent), a less optimist...

liner, on board of which there were 132 people, fell after a sharp decline on the afternoon of March 21. The first black box was found on March 23, the search for the second was complicated by the weather and the lack of a signal Rescuers have found the second "black box" Boeing 737-800, which crashed in southern China . This is reported by the China Daily newspaper, citing emergency services. The...

While prices in Europe are rising, producers in China are suffering from oversupply in the meat market. In China, there are currently too many slaughter pigs on the market due to seasonally weak demand after the Spring Festival, so prices could drop even further. Chinese State Television (CCTV) reported, citing the Ministry of Agriculture in Beijing, that pig slaughter was 23.6% higher in January ...

Despite the common proverb about the love of pigs for dirt, it is not true. In fact, pigs prefer to live in a clean environment even under intensive production conditions. How many square meters should be allocated to animals for the implementation of natural remedies at conditional toilet points, Chinese experts found out In recent years, animal cleanliness and sanitation has attracted attention ...

The head of the US State Department , Anthony Blinken, announced the introduction of restrictive measures against Chinese officials involved in "repressive acts" against national minorities, according to the department's website. “Today’s measure includes visa restrictions on PRC officials who we believe are responsible for policies or actions aimed at suppressing religious and spiritual practitio...

Microsoft MSFT $296.73 +0,98% Buy Alphabet GOOGL$2,688.55 +0,77% Buy Apple AAPL$162.24 +1,5% Buy Microsoft-developed Bing, the only major foreign search engine available in China, said the "relevant government agency" required the company to suspend auto-suggestions in China for seven days. It is reported by Reuters. In December, Bing was also forced to temporarily disable "prompts" for Chinese us...

The largest Western manufacturers of elevators have stopped deliveries to Russia. Developers are looking for a replacement in the domestic market and in Asia. Despite the high level of localization, Almost 30% of the elevators installed in Russia last year were brought from abroad, a representative of the Ministry of Industry and Trade told RBC. Elevators from far abroad countries (Europe, the USA...

Goldman Sachs GS $342.51 -0,16% Buy JPMorgan Chase JPM$139.18 -0,43% Buy Morgan Stanley MS$94.22 +0,55% Buy Analyst Chris Hussey of Goldman Sachs named five reasons why the stock market ended the week with the highest gain in two years. It is reported by CNBC. Major U.S. stock indices posted their best week since November 2......

Beef exports from the US remained at their peak in January, continuing to maintain last year's record levels. Pork exports continued to decline in January despite another outstanding month for exports to Mexico's leading market. January generated another $1 billion a month in beef exports, according to data released by the USDA and compiled by the US Meat Export Federation (USMEF). Beef exports we...

The fall of Asian indices continues for the second day in a row.Yesterday, the broad Chinese market experienced the biggest intraday crash since November 2008 Chinese Yuan/Ruble CNY/RUB₽17,616 -1,59% Buy Dollar/Ruble USD/RUB₽111,058 -2,67% Buy Asian stock indexes collapsed in trading on Tuesday. The Hong Kong stock index Hang Seng fell by 6.63% to 18,235.48 points. The Shanghai Stock Exchange SSE ...

Yang Jiechi US National Security Adviser Jake Sullivan and Chinese Communist Party Central Committee Politburo member Yang Jiechi will meet in Rome on March 14 to discuss the situation in Ukraine. This follows from the statement of the press secretary of the National Security Council Emily Horn, published by the press service of the White House. "Sullivan will meet with Chinese Communist Party Pol...

Nonickel has prepared a “Plan B” in case the West tightens sanctionsand impose an embargo on the supply of nickel and palladium from Russia, co-owner of the company Vladimir Potanin told RBC. But he expects that "it won't come to that" 00:00 Advertisement 00:00 00:00 / 00:00 You can skip ads through More VideoMore VideoMore Video Due to Western sanctions against Russia and the refusal of some Euro...

Alibaba BABA $102.05 -4,72% Buy PetroChina PTR$52-3,13% Buy Baidu BIDU$155.36 -4,88% Buy According to Mark Maubius, in the end, Chinese stocks can benefit from the current geopolitical situation that has developed against the backdrop of the worsening crisis in Ukraine. It is reported by CNBC. “I think that this bear market that we have seen in China will not last long,” the investor said. Moebius...

The escalation of the situation in Ukraine will inevitably hit the supply chains of agricultural products in Europe, and the consequences will show themselves in a few months, said a group of agricultural experts interviewed by CNBC on February 23. “Despite the fact that the harvest is still months away, the protracted conflict will lead to a shortage of bread and rising consumer prices this fall,...

In China and South Asia, over time, a “super strain” of coronavirus infection COVID-19 may appear , but its appearance in the near future seems unlikely, Sergey Voznesensky, associate professor at the Department of Infectious Diseases at RUDN University, told RBC. The fact that a new dangerous strain of SARS-CoV-2 may appear in a country where most people have not been ill with COVID-19 and have "...

The initiative was prepared by deputies from United Russia. The appeal says that the price of PCR tests varies from 646 to 3 thousand rubles. The Ministry of Health says The Legislative Assembly of St. Petersburg approved an appeal to the Minister of Health of Russia Mikhail Murashko with a request to take personal control over the solution to the problem of retail prices for PCR tests and medicin...

Shell begins the production of "green" hydrogen in China. At the same time, the course for reinvestment in oil production remains .as a source of stable, long-term cash flow.This course could have a double benefit for shareholders Shell is the largest international oil and gas company based in Europe, the third largest by market capitalization among the majors, whose shares are traded in developed...

According to the USDA forecast , China's poultry meat production will fall by 3% this year. A similar forecast was released by the Chinese government , which expects poultry meat production to decline to 2020 levels, reaching 14.3 million tonnes. Chicken meat consumption is also expected to decline to 14.6 million tonnes due to low pork prices, a less optimistic economic outlook and adverse impact...

The average price of pork in the EU over the past month fell by 0.41 euros to 131.53 euros per 100 kg. Continuing the trend seen since the end of 2021, the benchmark price is higher than last year, but still at historical lows. Spanish prices have fallen due to additional Spanish pork entering the domestic market due to export restrictions, but have found some support in the past few weeks. Indust...

The Chinese authorities have officially announced that the five-year agricultural development plan will now take into account the cultivation of alternative proteins. It is reported that such a decision was made due to food necessity. The development plan includes surrogate meat, artificial eggs and lab-grown protein. According to the source, China plans to send money and effort to develop its own...