💰 The Central Bank of Russia forecasts a decline and stabilization of inflation to 4% in the second half of 2026. However, an increase in inflation may occur in October due to rising utility tariffs, similar to the spike earlier this year linked to the value-added tax hike, according to Tramasov from the Central Bank.
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⚠️🇷🇺 Three-quarters of major industrial companies have reported a decline in their financial health. In contrast, Gazprom saw a 7% increase in net profit for 2025, reaching 1.3 trillion rubles, while the chemical holding SIBUR reported a 5% rise to 205 billion rubles. — Vedomosti
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🇷🇺 Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), discusses key economic issues in a recent interview. He emphasizes the importance of not missing critical turning points for the nation's business landscape. For more insights, read the full interview in Vedomosti.
📈 CISCO reported a third-quarter adjusted EPS of $1.06, surpassing estimates of $1.04. Looking ahead, the company anticipates a fourth-quarter adjusted EPS between $1.16 and $1.18, exceeding the estimate of $1.07. For the fiscal year, CISCO expects adjusted EPS to range from $1.16 to $1.18, up from a previous forecast of $4.13 to $4.17. Additionally, the company is raising its expected fiscal year 2026 orders to $9 billion, an increase from the prior $5 billion.
⚠️🇨🇳🇺🇸 In a recent address to Donald Trump, Chinese President Xi Jinping expressed hope that the United States and China can avoid conflict and overcome the "Thucydides Trap," a scenario where a rising power threatens to displace an established power, often leading to war.
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🚨 The United Kingdom's GDP for the first quarter of 2026 has been preliminarily reported, showing a quarterly increase of 0.6%, matching expectations and up from a previous 0.2%. Year-on-year, GDP growth stands at 1.1%, surpassing the expected 0.8% and slightly up from a prior figure of 1%.