Tag Archives: Economy

(Bloomberg) — Russia’s central bank unexpectedly slashed its key interest rate in a sign of confidence that the worst of the financial turmoil triggered by the invasion of Ukraine is past. Most Read from Bloomberg Reversing part of the steep rate increase delivered after the attack, the central bank lowered the benchmark to 17% from 20% at an unscheduled meeting on Friday and said further cuts could be made in the months ahead if conditions permit. The ruble briefly halted its rebound… Source link

Hello, and welcome to Protocol Entertainment, your guide to the business of the gaming and media industries. This Friday, we’re discussing Google and Spotify’s new app store deal and what it means for the broader app economy, as well as what you should read, watch and play this weekend. Spotify’s a start, but gaming will be the real test Earlier this week, Google and Spotify announced a joint multiyear agreement hinting at a serious shift… Source link

From spiking oil and wheat prices to a potential shortage of neon gas needed for already-scarce semiconductors, the war in Ukraine is taking a toll on the global economy. And that includes the small beach towns that make up New Jersey’s shore region. Popular destinations ranging from Seaside Heights, made famous by “The Jersey Shore,” to Wildwood rely on foreign workers during the crucial summer months to run the boardwalk stands and amusements that generate much of the shore area’s… Source link

The West African country will be the first landing of the ‘Equiano’ cable, which will run from Portugal to South Africa. The West African country of Togo will be the first landing of a new Google undersea internet cable connected to Europe, in what the tech giant and the Togolese government have hailed as a “major digital infrastructure transformation initiative”. The announcement on Friday comes months after Google and Alphabet CEO Sundar Pichai announced a five-year $1bn investment… Source link

If the economy is going to be sucked into a pocket of negative quarterly growth, it’s going to be now, warns one top economist. “I think if we have a negative quarter of growth, it’s likely to be the first quarter of the year because that will capture the price shock that is cascading through the economy and the hangover after the very strong finish of last year. I don’t think we are going to have a recession,” said RSM chief economist Joe Brusuelas on Yahoo Finance Live. “Right now, if you… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. Global spending across iOS, Google Play and third-party Android app stores in China grew 19% in 2021 to reach $170 billion. Downloads… Source link

(Bloomberg) — Russia is on course for an economic collapse that will rival or even eclipse the size of the 1998 slump which followed its debt default, although the financial fallout may be less than then. Most Read from Bloomberg Days after President Vladimir Putin ordered troops into Ukraine, economists are starting to publish forecasts for what is currently the world’s eleventh largest economy, even though they warn the outlook is opaque and subject to revision. JPMorgan Chase & Co.’s… Source link

This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about on Benzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading. Benzinga Pro has an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of… Source link

U.S. government agencies and American companies are bracing for potential Russian cyberattacks in the wake of Russia’s invasion of Ukraine and the imposition of U.S. sanctions. Russia has struck before — notably with its hack of the Colonial Pipeline, which cut off 45% of the fuel supply to the East Coast last May. Cybersecurity experts are warning of hits to infrastructure providers that could disrupt power supplies or other necessary services. One expert, a former executive at the… Source link

In addition to the severe sanctions that Joe Biden has promised, the White House says it’s ready to deploy another economic weapon if Vladimir Putin goes ahead with his planned invasion of Ukraine. That weapon, the Export Administration Regulations (EAR), allows the Biden administration to ban foreign and domestic companies from exporting products like high-tech semiconductors to Russia. Many questions remain about how effective the rule would be at penalizing Russia. However, the U.S. has… Source link