🚨🇦🇺 Australia's economic growth remains weak, with GDP figures for the first quarter of 2025 showing a quarterly increase of just 0.2%, below the expected 0.4% and previous 0.6%. Year-on-year, growth stands at 1.3%, matching prior estimates but falling short of the expected 1.5%. Analysts warn that this may mark the weakest economic performance in decades, excluding the years affected by the COVID-19 pandemic.
⚠️🇷🇺 Prices for Russian coal in Asia have fallen to a four-year low, according to Kommersant. The main reasons for this decline are oversupply and reduced demand from key importing countries. China has purchased 12% less coal than last year, favoring domestic fuel. India is also increasing its own production, while Turkey is cutting consumption due to rising hydroelectric output.
🚨🇮🇳 The Reserve Bank of India is expected to lower its interest rate during the meeting on June 6, according to a survey conducted by RTRS.
🇺🇸 Former President Trump has raised tariffs on imported steel and aluminum from 25% to 50%. In the coming week, many countries are expected to express their discontent regarding this decision, according to experts.
✨ World Liberty Financial, associated with Trump, has conducted an airdrop of 47 of its stablecoin USD1 to each wallet that participated in the token sale of WLFI tokens.
✨ The California Assembly has approved a bill allowing the state to accept payments in crypto. The legislation is now headed to the Senate for a vote.
⚠️🇺🇸 Elon Musk has criticized former President Donald Trump's "one big beautiful bill" aimed at reducing government spending, calling it disgusting. He warned that such initiatives will exacerbate the already massive budget deficit and burden American citizens with unmanageable debt. Musk stated, "Shame on those who voted for it: you know you did wrong," noting that 25% of all U.S. revenues are already used to pay interest on debts. Many experts point out that Trump's memory for grievances could pose risks for Musk's businesses in the future.
💥🇷🇺 The Far Eastern power plants of RusHydro have increased their compensation for losses. According to Kommersant, these plants may recover 22.5 billion rubles in losses through higher capacity payments, exceeding the previously planned 17.1 billion rubles.
⚠️🇺🇸🇷🇺 New sanctions against Russia, including measures targeting third countries, are prepared and await congressional approval and Trump's endorsement. The new sanctions particularly focus on restrictions regarding the export of Russian oil products, according to Kellogg. However, Trump is currently reluctant to impose new sanctions on Russia to avoid hindering negotiations over Ukraine and the restoration of US-Russia relations.
⚠️🇮🇷 The conditions set by the United States in negotiations with Iran contradict the fundamental principles of the republic, according to the Supreme Leader of Iran.
🇪🇺🇺🇦 The final declaration of the NATO summit in The Hague will not include a point regarding Ukraine's potential membership in the alliance, according to AFP.
✴️🇺🇸 "Financial security is national security. We need a strategic reserve of BTC, and military leaders in America agree with this," stated Senator Cynthia Lummis.
⚠️🌎 Counterpoint has downgraded its forecast for global smartphone shipments growth in 2025 from 4.2% to 1.9% due to U.S. tariffs.
❗️🇷🇺 In May, Russia's Services PMI rose to 52.2, up from 50.1, indicating expansion in the sector. The Composite PMI also showed improvement, increasing to 51.4 from a previous 49.8, suggesting a positive shift in overall economic conditions.
📰 Foreign company stocks traded on the Moscow Exchange's over-the-counter section are struggling to attract significant investor interest. Launched to allow government officials to sell foreign assets they are prohibited from owning, trading volume in May reached only 562 million rubles. A major barrier to market revival is the substantial discount compared to prices on U.S. exchanges. Sellers resist parting with stocks for low prices, while buyers face hefty taxes due to price discrepancies between Russia and the U.S. — Ъ
⚠️🇷🇺 In an interview with Vedomosti, Dmitry Belousov, Deputy General Director and Head of Macroeconomic Analysis at the Central Macro-Economic Forecasting Center (TsMAKP), stated that the Central Bank should raise its inflation target from the current 4% to 7%. This change would enable a shift towards a more accommodative monetary policy. For more details, visit the full article here.