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.
๐ TotalEnergies has reported its Q3 2026 earnings, revealing an adjusted EPS of $4.03, surpassing the estimated $3.97. The adjusted EBITDA also exceeded expectations, coming in at $17.81 billion, compared to the forecasted $17.29 billion.
๐ฅ Shell Reports Q3 2026 Earnings
Shell has announced its Q3 2026 earnings, revealing an adjusted EPS of $1.93, surpassing estimates of $1.79. The company's net debt stands at $39.7 billion, below the expected $42.04 billion. Cash flow from operations reached $21.04 billion, exceeding estimates of $16.13 billion. The dividend per share is set at 39.06 cents, slightly above the expected 39.00 cents. Oil and gas output was 2.57 million BOE/D, beating the estimate of 2.55 million, with gas production at 772,000 BOE/D.
Shell has announced its Q3 2026 earnings, revealing an adjusted EPS of $1.93, surpassing estimates of $1.79. The company's net debt stands at $39.7 billion, below the expected $42.04 billion. Cash flow from operations reached $21.04 billion, exceeding estimates of $16.13 billion. The dividend per share is set at 39.06 cents, slightly above the expected 39.00 cents. Oil and gas output was 2.57 million BOE/D, beating the estimate of 2.55 million, with gas production at 772,000 BOE/D.
๐ TotalEnergies forecasts that the average selling price of LNG will exceed $14 per MMBtu in the fourth quarter of 2026.
๐พ The Murmansk port has sent Russian grain for export for the first time. This milestone marks a significant development in the country's agricultural trade, expanding its reach in the global market.
๐ฅ๐ท๐บ Rusal and Ghana have signed a memorandum to establish a joint venture for bauxite mining and processing, according to RIA. The collaboration aims to enhance the extraction and processing of bauxite resources in Ghana, fostering economic development and investment in the region. This partnership underscores Rusal's commitment to expanding its operations globally while contributing to local economies.
๐จ On November 5, V2V-RTS will hold a meeting regarding dividends for the 9-month period of 2026.
๐ซ The European Commission has ruled out the possibility of lifting the ban on EU countries purchasing Russian gas, including via the Nord Stream pipeline, even in the context of potential peace negotiations regarding Ukraine, according to the official representative of the European Commission, Paola Pinho.
๐ข FESCO has launched its second container ship on the route between Vladivostok and South Korea due to an increase in cargo shipments. The company is responding to growing demand in trade between the two countries.