The Moscow Arbitration Court banned Samsung Electronics from importing, selling and storing 61 models of the company’s smartphones to Russia due to the use of the Samsung Pay payment service. This was reported by RIA Novosti with reference to the operative part of the additional court decision on the claim of the Swiss Sqwin SA. The claim was filed by the Swiss Sqwin SA. The company believes that the payment service infringes its rights to the invention of the Electronic Payment System, which is protected by a Russian patent. The use of the products was banned back in July, but no specific models were specified. In August, the plaintiff petitioned for the court to clarify the requirements, and the order was issued on October 19. It contains a closed list of models “intended for the use of the Samsung Rau payment service, during the operation (operation) of which, in accordance with their purpose, the patented method is automatically carried out.” It includes 61 models, including Samsung Galaxy J5, Samsung Galaxy Z Flip and Samsung Galaxy Fold. In August, a division of the company….
PwC has unveiled the latest PwC Net Zero Economy Index 2021 – it is designed to track the decarbonization of industry and the level of global energy consumption. The annual study does not consider emissions from other sectors of the economy, as well as other greenhouse gases, except CO2, and does not take into account the volume of carbon monoxide absorption. In 2020, energy consumption in the world decreased by 4.3%, and energy emissions – by 5.6% … As a result, the reduction in global carbon intensity (the volume of CO2 emissions from the energy industry per $ 1 of GDP received) was 2.5% against 2.4% in 2019. PwC notes that the reduction in emissions was achieved due to abnormally low energy consumption and it is not enough to keep the average temperature rise of the planet within 1.5 ° C. To reduce emissions by 50% by 2030 and achieve a carbon balance by 2050, the decarbonisation rate must be 12.9% per year. In 2020, no G20 country has reached such a level. Russia….
The policy of the Russian authorities during the pandemic made it possible to avoid recessions and ensure a quick economic recovery, said the head of the European department of the International Monetary Fund Alfred Kammer. He noted that for further growth, Russia needs to focus on structural reforms of the economy. “Russia faced a relatively small recession in 2020, and recovered very strongly in 2021. Also, Russia used the right mix of measures during the crisis, which supported the recovery. Fiscal policy supported (growth), as did monetary policy, which led to the strong recovery that is now taking place, “said Mr. Kammer (quoted by RIA Novosti). At the same time, according to him, now it is important for Russia to focus on structural reforms of the economy in order to increase productivity and increase growth, and this will remain in the future the main Achilles’ heel of the Russian economy. ”Previously, the IMF raised its estimate of the growth of the Russian economy in 2021 from 4.4 % expected….
The weekly increase in inflation in Russia from October 12 to 18 increased from 0.22% to 0.26%. Annual inflation was 7.8%. The last time it exceeded 7.7% in February 2016 (8.1%). This is evidenced by Rosstat data. Thus, inflation has already surpassed the Central Bank’s forecast for the entire 2021, which ranged from 5.7% to 6.2%. Since the beginning of the year, consumer prices have increased by 5.98%. For the week from 12 to 18 October, prices for chicken eggs increased by 2.8%, buckwheat – by 1.0%. Prices for chicken meat in the country on average increased by 1.5%. Vegetables and fruits also increased significantly – by only 2.3%. A noticeable increase is observed in prices for cucumbers – 14.3%, for tomatoes – 9.9%, for potatoes – 3.6%. Apples, onions and carrots fell in price. Among non-food products, domestic cars rose in price over the week – by 1.1%, shampoos – by 0.8%. The Kremlin explained the rise in inflation forecast “trends in international markets.” Today Russian President Vladimir Putin instructed the government to develop a set of measures to support manufacturers….
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