🇨🇳 China's industrial profits grew at a faster pace than expected in April, despite ongoing trade tensions and deflationary pressures. The report highlights the resilience of the country's manufacturing sector amid challenging economic conditions. For more details, visit CNBC.
🚗 Sales of cars in the EU in April saw a slight decline of 0.3% year-on-year, according to ACEA. In contrast, electric vehicle sales surged by 27.8% year-on-year during the same period. However, Tesla experienced a significant drop, with sales plummeting by 49% year-on-year in April.
🚨 The Russian Ministry of Economic Development warns of potential economic cooling and expects the Central Bank to consider favorable inflation data in its upcoming rate meetings, stated Minister Maxim Reshetnikov. Increasingly, experts anticipate that the Central Bank of Russia may lower the interest rate at its meeting on June 6. For more details, visit this link.
⚠️✴️ The Google quantum computing team has discovered that breaking the RSA encryption used in BTC wallets and banking operations may require 20 times fewer qubits than previously thought. If quantum technologies advance sufficiently, they could compromise the cryptographic systems that secure BTC, warns BlackRock.
🇺🇸🇪🇺🇷🇺 The negotiations between the EU and the US aimed at jointly combating the circumvention of anti-Russian sanctions have failed, according to the newspaper Süddeutsche Zeitung. Discussions to coordinate actions against the evasion of these sanctions are no longer taking place.
🌍 The St. Petersburg International Economic Forum (SPIEF) will take place from June 18 to June 21, 2025.
⚠️🇷🇺 The profitability of part of the coal industry in Russia is expected to remain low until 2030, according to a report. By that year, only exporters of coking coal are projected to maintain profitability. In contrast, the profitability of suppliers of energy coals and anthracite, which is in demand in the Chinese market, is likely to remain negative across most sectors, possibly worsening over the next five years. This situation poses a risk of coal mining companies, particularly those extracting mass-grade coals through underground methods, exiting the market. — Ъ
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🥚 The Russian Union of Producers reports that the price of eggs in Russia has dropped below 100 rubles for the first time in a year and a half.
🚀 Remixpoint plans to acquire an additional 1 billion yen in BTC. Meanwhile, Blockchain Group aims to raise 63 million euros to add BTC to its balance sheet.
🌎 The share of national currencies in transactions between CIS countries has reached 90%, stated Alexey Shevtsov, Deputy Secretary of the Security Council of Russia.
🏠 According to CIAN, the price of secondary housing in Russia has doubled over the past five years.
🇷🇺 Starting June 1, Russian pharmacies will officially integrate into the healthcare system. This move will enable pharmacists to access the same benefits and preferences as other workers in the sector, according to Yulia Drozhzhina, a member of the State Duma Committee on Health Protection, in an interview with "RIA Novosti."
🚨 The T-Bank reports that during the meeting on June 6, the Central Bank of Russia may lower the key interest rate.