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π₯πΊπΈ The United States has announced new tariffs against dozens of countries, categorizing trade partners into three groups with rates ranging from 10% to 41%. The highest tariffs are imposed on Syria, Myanmar, Switzerland, Iraq, Serbia, and South Africa. Formerβ¦
πΊπΈ In an interview with NBC News, Trump expressed readiness to negotiate new tariff deals even after August 1.
π¨ Eight OPEC+ countries will increase oil production in August by more than 500,000 barrels per day, according to a report by TASS. This decision reflects ongoing efforts to stabilize the oil market amid fluctuating global demand. For further details, visit the full article here.
π Following recent earnings reports, stock performances have varied significantly. Amazon saw a decline of 6.6%, while Microstrategy fell by 1.5%. Roku experienced a 3% drop, and Coinbase declined by 9%. In contrast, Reddit surged by 18%, and Apple gained 2.5%. Riot Platforms dropped by 7%. For more details, visit Amazon, Microstrategy, Roku, Reddit, Coinbase, Riot Platforms, and Apple.
π¨ Indiaβs Manufacturing PMI for July has reached 59.1, up from 58.4, marking the highest level of manufacturing activity among major countries. This positive economic indicator contrasts sharply with former President Donald Trump's recent comments, where he referred to India's economy as "dying."
π’π΅π°πΊπΈ Pakistan has purchased its first-ever shipment of oil from the United States, according to RTRS.
πΊπΈ Elon Musk has invested over $45 million in political activities, making him the largest political donor in the United States, according to BBG.
β¨ Vitalik Buterin emphasized that Ethereum must ensure it never goes down. The co-founder of the cryptocurrency platform highlighted the importance of reliability and stability for the future of Ethereum in the ever-evolving blockchain landscape. The commitment to maintaining operational integrity is crucial for the network's continued success and user trust. For more details, visit Ethereum.
π¨ Russia's Manufacturing PMI for July stands at 47, down from 47.5, indicating a continued decline in activity within the country's industrial sector.
β οΈπΊπ¦ The U.S. Senate Appropriations Committee has approved a military spending bill that includes nearly $1 billion in support for Ukraine, despite a request from the Trump administration to exclude such funding. Additionally, a bipartisan bill has been introduced in the Senate proposing $54.6 billion in aid to Ukraine over the next two years. The proposal suggests that up to one-third of this aid will be funded through revenues from Russian assets and arms sales to allies in the EU.
π·πΊ The government has outlined criteria for determining which organizations will relocate from Moscow to the regions, according to a report by "Vedomosti." A preliminary list includes around 170 state corporations and companies with government participation that are potential candidates for the move. For more details, visit here.
π·πΊ TGC-2 reported its RAS results for the first half of 2025, showing a profit of 1.88 billion rubles, down from 2.42 billion rubles in the same period last year.
π The digital ruble is not a cryptocurrency, despite sharing some characteristics, nor is it merely a digital version of cash. It represents a new form of national currency that could fundamentally transform monetary transactions in Russia, potentially replacing both cash and non-cash payments. While the system may benefit the public and businesses, it also subjects them to greater oversight of financial activities. Additionally, the digital ruble could significantly reduce banks' commission income, estimated at over 2 trillion rubles annually, prompting resistance from the banking sector. β Forbes