๐ Brokers have imposed restrictions on short positions in the shares of LSR Group, leading to a closure of short positions across the entire sector. As a result, stock prices surged by 10-30%, reaching multi-month highs. โ Kommersant
โ ๏ธ๐ช๐บ The European Central Bank (ECB) is expected to keep interest rates unchanged at today's meeting, according to analysts surveyed by BBG.
๐ Coinbase has added Ripple's stablecoin, RLUSD, to its platforms. Recently, many major players have begun supporting RLUSD. In a significant development, Ripple received final approval from the U.S. Office of the Comptroller of the Currency to launch a national trust bank and place its stablecoin, RLUSD, under federal oversight. Additionally, Moody's has assigned an "A2" rating to the stablecoin.
๐ท๐บ The US dollar has fallen below 80 rubles, reflecting a significant shift in the currency market. This movement indicates a strengthening of the Russian ruble against the dollar, which could have implications for both domestic and international economic activities. Investors and analysts are closely monitoring this development, as it may influence trade dynamics and economic policies moving forward.
๐ท๐บ This week, the State Duma is set to review a bill that aims to combine active and passive income for citizens, including salaries, interest from deposits, and investment profits, under a unified taxation system. Currently, salaries are taxed on a five-tier scale ranging from 13% to 22%, while investment income is taxed between 13% and 15%. The Finance Ministry estimates that these changes could affect 4 million people and generate approximately 1.35 trillion rubles for the budget. โ ะช
๐ Stellar has unveiled Project Thruput, a new execution model on the FutureNet platform. In preliminary tests, it achieved a remarkable capacity of 7.02 million transactions per second by scaling across multiple machines.
๐ M.Video, a leading Russian electronics retailer, has announced the launch of its first-ever equipment rental service, marking a significant shift in its business model from solely selling products to now offering rental options. This new initiative aims to provide customers with more flexible choices for accessing technology.
โ ๏ธ๐ฉ๐ช Volkswagen reported disappointing results for the third quarter, with revenue reaching โฌ75.28 billion, falling short of the estimated โฌ78.19 billion. Additionally, the company faced an operating loss of โฌ5.86 billion, surpassing the expected loss of โฌ5.67 billion.
๐ฉ๐ฐ ING has announced a share buyback program and plans to implement layoffs.
โ ๏ธ๐ฎ๐ท JD Vance has urged Iranian National Security Council Secretary Mohsen Rezaei that Washington must address the nuclear issue with Tehran before resuming talks to halt American strikes on Iran, according to AXIOS. Iran has consistently maintained that its nuclear program is not up for discussion.
๐จ Former President Obama has accused the White House of yielding to Putin and betraying Ukraine.