Services have pulled up consumption // But the growth of business activity in this area may be short-lived

With improved business activity in the services sector, the composite PMI rose to its highest since mid-2021 in July. The main reason for this is the increase in domestic demand. However, the demand for services, which increased from the second half of June, began to shrink again by the end of July. Growth in consumer … Read more

Between inflation and recession // The ECB began to tighten monetary policy

The European Central Bank (ECB) raised key rates for the first time in 11 years – and immediately by 0.5 percentage points, which brought the deposit rate out of the negative zone. The reason for the tightening of monetary policy, which was twice as sharp as expected, was the continued rise in inflation in the … Read more

Take and replace // Denis Manturov was added to the ministerial duties of vice-premier problems

The agenda of the meetings of the State Duma and the Federation Council on July 15 became known: the parliament did not go on vacation, as it should appoint Denis Manturov, head of the Ministry of Industry and Trade, as the eleventh deputy prime minister. Other resignations and appointments have not yet been announced, which … Read more

Protests took to the platform // Workers are able to defend their rights without the help of trade unions

The number of protests of “platform” workers (finding clients with the help of aggregators) is growing in the world, according to a study conducted by experts from the World Labor Organization (ILO). Most often, such workers defend their rights through short-term strikes and demonstrations. Other forms of protest, such as suing employers, are less common. … Read more

The crisis has mixed cognac // The redistribution of forces has begun on the market

The crisis that arose due to the military conflict between Russia and Ukraine is changing the balance of power in the Russian cognac market. The owner of the Stary Koenigsberg brand, the Kaliningrad plant Alliance-1892, which occupied the first place in the ranking of the largest cognac producers, lost ground to its competitors. The manufacturer … Read more

Polyus bought the former Kinross field

Vladislav Sviblov’s Highland Gold, a few days after the closing of the acquisition of Russian assets by Canadian Kinross Gold, sold the Chulbatkan field, which is one of the most promising in Russia, to Polyus. The reason for the sale was the need for significant investment in the field. .