“The Lost Decade”: Real Incomes of Russians Collapsed to 2010 Levels | 01/29/21

In Russia, after a short respite, the decline in living standards resumed. At the end of 2020, the real disposable money income of the population decreased by 3.5%, Rosstat reported on Thursday. In the first quarter, 146 million Russian citizens…

Head of one of China’s largest state-owned companies shot for corruption and bigamy | 01/29/21

Former chairman of the board of China’s largest state-owned asset management company China Huarong Asset Management Lai Xiaoming was shot. According to the Global Times, the death penalty for a top manager, formerly a high-ranking official of the Communist Party…

Central Bank discovered a record hole in the currency balance of the banking system | 01/29/21

The Russian banking system ended 2020 with a “hole” in the currency balance. As of January 1, banks’ liabilities in foreign currency exceeded foreign currency assets by $ 8.5 billion, it follows from data published by the Central Bank of…

Bitcoin has risen in price by $ 5000 per hour after Elon Musk’s Twitter mark | 01/29/21

Bitcoin exchange rate skyrocketed on Friday, gaining $ 5,000 in one hour and reaching $ 37,299. The rally took place after the head of Tesla and SpaceX, Elon Musk, added the hashtag of this cryptocurrency to his Twitter account. “In…

Head of one of China’s largest state-owned companies was shot for corruption and bigamy | 01/29/21

Former chairman of the board of China’s largest state-owned asset management company China Huarong Asset Management Lai Xiaoming was shot. According to the Global Times, the death penalty for a top manager, formerly a high-ranking official of the Communist Party…

A “second wave” of inflation is approaching Russia: food producers are sharply raising prices | 01/29/21

Following the second wave of Covid-19, a second wave of inflation is approaching Russia. Russian retailers began to receive massive notifications from suppliers about price increases for basic products. The revision includes coffee, tea, meat, fish, confectionery and bakery products,…

Investors from Reddit conceived to ruin the largest US bank | 01/29/21

Inspired by the success of their attack on short positions in US stocks, the Wall Street Bets Reddit investors are heading into the silver market. After pumping up the quotes of the dying retailer GameStopp by 1700% and forcing the…

Authorities to fire officials who failed the “digital breakthrough” | 01/29/21

10 of the 62 deputy heads of federal agencies responsible for digital transformation will be fired due to poor performance last year. Russian Deputy Prime Minister Dmitry Chernyshenko told TASS about this. The government compiles a rating of digital transformation…

Russia’s dependence on Western technology reaches 8-year high | 01/29/21

Russia continues to increase its dependence on imports of advanced technologies, despite years of plans to make a breakthrough into the hi-tech economy. Almost 30% of all advanced technologies that are used in production in the Russian Federation are purchased…

Real incomes of Russians collapsed to 2010 levels | 01/29/21

In Russia, after a short respite, the decline in living standards resumed. At the end of 2020, the real disposable cash income of the population decreased by 3.5%, Rosstat reported on Thursday. In the first quarter, 146 million Russian citizens…

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