β οΈπ°π· Samsung's labor union has announced plans to begin an 18-day strike starting May 21.
π₯πΊπΈ Roblox announces its first buyback program worth $3 billion, leading to a 2% increase in stock value.
π«π¬π§π·πΊ Britain has implemented a ban on the import of uranium from Russia, announced by the Ministry of Finance. The decision reflects ongoing tensions and aims to reduce reliance on Russian resources. More details can be found on mt in max.
π Russia continues to strengthen its ties with China. During Vladimir Putin's visit to Beijing, the Russian Direct Investment Fund (RDIF) announced new agreements, including partnerships with the China Architecture Design & Research Group for infrastructure projects in both nations. The RDIF will collaborate with the China-SCO Demonstration Zone and the Russian-Chinese Commerce Guild to develop joint investment projects in SCO countries. Additionally, partnerships with the Wenchang International Space City Administration and China Construction Eighth Engineering Division aim to enhance cooperation in civil space infrastructure. These initiatives are set to deepen strategic cooperation and create new success stories, building on over 50 joint projects with investments exceeding 800 billion rubles.
β οΈπ¬π§ The UK Treasury is urging supermarkets to freeze prices on essential goods, according to the Financial Times. This move aims to combat rising inflation and ease the financial burden on consumers. The government is focusing on stabilizing food prices as part of broader economic measures. For more details, visit FT.
βοΈ Aeroflot plans to increase passenger traffic between Russia and China to 1 million by 2025, marking a 28.6% year-on-year growth, according to the airline.
π¨ US-Russia relations are in the spotlight as Kirill Dmitriev announces that Steve Whitcoff will visit Russia "in the near future." This information comes from Kremlin correspondent Yunashov, highlighting ongoing diplomatic engagements between the two nations.
π¨ The share of debts in microfinance organizations (MFOs) has for the first time exceeded the share of debts in banks, according to a report by Kommersant. This shift highlights a growing trend in the financial landscape, indicating a significant change in borrowing behavior among consumers. For more details, visit the full article here.
π’π·πΊ The price of Urals crude oil has surged by 150% since the onset of the Middle Eastern conflict. The military actions in the Persian Gulf have triggered a significant global energy crisis. While Brent crude prices have risen by over 50%, Russian oil has seen an increase ranging from 70% to 150%. This information was reported by a source in a pricing agency to "Izvestia." For more details, visit here and mt Π² max.
π’οΈπ·πΊ The production volumes of oil and gas at the "Sakhalin-1" and "Sakhalin-2" projects have decreased by 9% over the past year, according to Sakhalin Region Governor Valery Limarenko, as reported by TASS.
π¨π¬π§ Inflation Report: UK Consumer Price Index (CPI) for April shows a monthly increase of 0.7%, matching previous figures but slightly below the expected 0.9%. Year-on-year, the CPI rose by 2.8%, also falling short of the anticipated 3% and down from 3.3% previously. The core CPI increased by 2.5% year-on-year, again below the forecast of 2.6% and down from 3.1% last month.
π¨ Germany's Producer Price Index (PPI) for April shows a month-on-month increase of 1.2%, down from 2.5% previously. Year-on-year, the PPI stands at 1.7%, a notable shift from the previous rate of -0.2%.
π Alibaba has unveiled its latest AI chip, the Zhenwu AI. This innovative technology aims to enhance the company's capabilities in artificial intelligence and machine learning. The launch reflects Alibaba's commitment to advancing tech solutions in the rapidly evolving digital landscape. For more details, visit here.