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.
π El Salvador has mandated Bitcoin education for all 7-8-year-olds across the country. This initiative aims to integrate cryptocurrency knowledge into the early education system, ensuring that the younger generation is equipped with essential skills in digital finance. The move is part of El Salvador's broader efforts to embrace cryptocurrency as a fundamental aspect of its economy. For more details, visit mt in max.
ππ·πΊπ¨π³ Russia and China have reached a significant agreement in the energy sector, according to Ulyanov, an official statement revealed. The nations discussed various energy initiatives and committed to a promising project aimed at enhancing cooperation in this vital field.
π¨π¨π³π·πΊ Chinese President Xi Jinping announced that relations between China and Russia have reached a new level, describing the partnership as a model of a new type of international relationship.
π° In the first quarter of 2026, Promomed's revenue reached 7.3 billion rubles, reflecting a year-on-year increase of 62.2%. This growth rate is more than five times higher than the pharmaceutical market's monetary growth of 12%, according to IQVIA data. For more details, refer to the full report here.
π’π¨π³π·πΊ Russia is prepared to continue supplying its rapidly growing oil, gas, and LNG to the Chinese market, according to President Vladimir Putin.
π’ The oil market is underestimating the risk of prolonged disruptions in energy supply due to the conflict in the Middle East. According to Citi, oil prices could surge to $120 to $150 if the Strait of Hormuz remains closed until the third quarter of 2026. For more details, visit mt Π² max.