World
Putin’s fear of „overheating” and inflation
He presses
The Russian economy is weak under the current circumstances. Clearly, Putin must think again if he wants to save the economy, because time is running out.
MOSCOW – The West is gradually turning away from Kremlin President Vladimir Putin. Now fears about the negative consequences that the Russian economy may suffer are so present that more and more Russian business representatives are appealing to Putin. The war in Ukraine and sanctions have greatly weakened the Russian economy, and Putin appears to be running out of resources to avoid the worst-case scenario.
The Russian economy is in crisis – high inflation is putting Putin under pressure
Recently, there have been increasing warnings of signs of „overheating” of the Russian economy. Hermann Greif became particularly clear, Chairman of the Board of Directors of Sberbank, the largest financial institution in Russia. Gref told the state news agency that the Russian economy is „very overheated.” Tass.ru on June 4, 2024. It is simply “impossible” to exceed this production capacity and produce more.
In December 2023, the head of the Central Bank, Elvira Nabiullina, had already expressed concern: “The economy is growing so fast because it is exhausting almost all available resources. Stubbornly high inflation is evidence that the economy has deviated from its potential and lacks the capacity to meet growing demand.” In fact, inflation remains a major problem in the Russian economy.
Inflation remains a major problem for the Russian economy
As the Russian statistics agency Rosstat announced on Friday (June 14, 2024), the inflation rate in May reached 8.3 percent on an annual basis. It is the highest value since February 2023. This was higher than the value of 7.8 percent at the end of April and well above the country’s official inflation target of 4.0 percent. The rapid rise in prices put pressure on the Russian Central Bank to continue raising interest rates to control inflation.
It also remains to be seen what impact the latest US sanctions will have on Russia’s financial sector. On Wednesday (June 12, 2024), the United States imposed new sanctions on supporters of Russia’s war of aggression, including against Chinese companies. According to the US government, the punitive measures target more than 300 people and institutions that enabled Russia to continue the war – including the stock exchange in Moscow. The Moscow Stock Exchange announced that it would stop trading in dollars and euros in response. This step would push the Russian economy into further isolation.
Sanctions imposed on the Russian economy lead to a slowdown in growth
Penalties and The Ukraine war forced Putin to shift to a war economy, which now retaliates and also slows growth. The domestic economy proved resilient – but according to the World Bank, this was due to the intensification of the war economy, subsidies and private demand, which was stronger than expected. Experts have long warned that the war economy will not be sustainable in the long term.
The World Bank expects economic growth of 2.9 percent for 2024 (January: 1.3 percent), and 1.4 percent (January: 0.9 percent) for next year. Military production continues to have positive effects, but private demand is likely to decline. In April 2024, the International Monetary Fund expected economic growth of 3.2 percent for next year, based on new economic data. The era of the „growth miracle” appears to be coming to an end. (Buhi with materials from the German Press Agency and Agence France-Presse)
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
Wall Street is red
Trump Media shares fall after TV duel
June 28, 2024 at 10:45 pm
Listen to the material
This audio version was created artificially. More info | Submit your feedback
The televised duel between Biden and his Republican rival is also a topic of discussion on US stock exchanges. While Trump is more convincing to TV viewers than the current president, the same cannot be said for his company’s stocks. Overall, Wall Street closed lower.
US stock exchanges closed on sales at the end of the trading week. the Dow Jones index It closed down 0.1 percent at 39,123 points. Standard & Poor’s 500 It fell 0.4 percent during Nasdaq Composite Down 0.7 percent. There were a total of 1,625 (Thursday: 1,698) price winners and 1,199 (1,113) losers. 55 (81) titles closed unchanged.
Published economic data showed light and shadow. The Fed’s preferred price measure, the Personal Expenditure Price Index (PCE), rose 2.6 percent in May, in line with economists’ consensus expectations, after a 2.8 percent rise in April. Personal income, published in conjunction with the Personal Consumption Expenditures price index, rose slightly more than expected last month, while personal spending rose slightly less.
Trump Media Decline
Meanwhile, the mood of Chicago-area purchasing managers improved in June. The index rose to 47.4 points. In May, the index reached 35.4 points. Economists had expected a value of 40.0 points. In light of the already strong US economy, this has dashed hopes for interest rate cuts that had arisen due to lower inflation, the market was also told. Meanwhile, US consumer sentiment weakened in June.
The main topic of conversation was the presidential election campaign in the United States. In his first live television duel, President Joe Biden, according to public perception, did not make a good impression against his rival Donald Trump, who is usually seen as more business-friendly. Doubts are now growing within the Democratic Party about whether Biden is the appropriate candidate given his old age. Shares of the company founded by Donald Trump Trump media However, they closed with huge losses of 10.9 percent after they initially started trading at premiums.
Bond yields rise significantly – dollar little changed
In the US bond market Yields initially fell with the release of published economic data, but then rose again. The 10-year bond yield rose significantly by 10.5 basis points to 4.39 percent. In the Foreign exchange market The dollar was steady. The dollar index was barely changed.
the Oil prices It tends to be somewhat lighter after the previous day’s big increases. West Texas Intermediate crude fell 0.3 percent. Brent held steady on the previous day. The previous day, hopes of higher demand during the holiday season supported prices.
the gold price Give way moderately. The price of an ounce decreased slightly by 0.1% despite the rise in market interest rates. This means that the precious metal was largely able to maintain its significant gains from the previous day.
Nike buckle
Nike It came with a sales warning. The sporting goods manufacturer expects sales to decline by 10 percent in the current first quarter. In the just-ended fourth quarter, revenue actually contracted and missed expectations. Nike shares fell by 20 percent. Competitor course under the shield It decreased by 2.6 percent. Shares of a sports shoe retailer foot locker It decreased by 2.4 percent.
embracing decreased by 44 percent. The health care provider issued a disappointing forecast. Infinera Its price increased by 15.8 percent. Nokia will buy the network solutions provider for $2.3 billion, representing a significant increase from its previous share price.
You can find everything else about today’s stock market events here.
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
He presses
Who won America’s first televised duel? Joe Biden and Donald Trump traded blows. But in the end there was a clear winner — and a clear loser.
WASHINGTON – It was 90 minutes that would greatly influence the next US elections in 2024: In the first televised duel between Joe Biden and Donald Trump, both opponents wanted to prove that each of them was the most suitable candidate for the position of future US president. We are. The incumbent president was already under pressure beforehand: he wanted to be well prepared and remove doubts in the debate against Trump. However, it is questionable whether that will be enough to emerge as the winner of the first televised duel in the 2024 US election campaign.
Winners and losers in the TV duel: There is a difficult exchange between Biden and Trump ahead of the 2024 US elections
The 81-year-old US president does not seem to have benefited from the test in the televised duel between Biden and Trump: his debate performance was very fragile – and doubts are once again arising about whether the Democrat will run for president. Another term in office would be appropriate. Biden attacked his rival Donald Trump harshly, but he still looks weak and defensive. As usual, the Republican attacked Biden with aggressive rhetoric and repeated old accusations and lies. Meanwhile, an „aggressive panic” is spreading in the Biden camp because of the televised duel.
It is not uncommon now for US President Joe Biden to get confused or mix up facts in his public appearances. Biden’s health has repeatedly caused verbal attacks from the Trump camp in the ongoing US election campaign. But in the televised duel, the 81-year-old looked weak. According to American media, he was suffering from a cold, but it was said that the Corona test came back negative. Perhaps this was another part of the puzzle that led to the poor performance of the American president.
The winner of the first televised duel is clear: Biden attacks Trump as a “loser” — and that’s not enough
But Biden could have emerged the winner of the televised duel thanks to his unusually harsh words. During the broadcast, he repeatedly verbally attacked Trump. He called him a “whiner” and a “loser.” The 81-year-old accused the Republican of having “street dog manners.” But all the attacks had little effect because Biden regularly stumbled. Before the televised duel, Trump demanded that Biden take a drug test.
The question of who won the first televised duel between Biden and Trump has led to… CNN A quick scan was performed in the evening (local time). Accordingly, debate observers in the United States reached the conclusion that 67% believed that Donald Trump won the televised duel. Only 33% saw Joe Biden as the strongest candidate. Before the debate, 45% believed that Biden would win.
US Election TV Duel Result: Biden and Trump Are Taking Big Risks
One thing is certain: There was a lot at stake for Joe Biden and Donald Trump in their first televised duel. But in the end, the current US president is likely to be the biggest loser. His performance against Trump received criticism from Republicans and Democrats alike. “That was painful […]. He didn’t perform well at all. […]. He loves his country. “Tonight he faced the challenge of regaining the trust of his base — and he failed to do that,” commentator Van Jones said of Biden after the televised duel.
All the information about the US elections summarized in a compact form! Subscribe to our exclusive newsletter and get the most important reports from our well-known media partners in the US such as the Washington Post, translated into German, to your inbox. Click here to subscribe to the newsletter of the American Election Charter.
“The optics and Biden’s performance are so bad and so disturbing that I fear that all substantive political debate will be forgotten,” said Alyssa Farah Griffin, a former Trump administration official, on the question of who won the televised duel out loud. Newsweek A. Compared to Biden, Trump has succeeded in presenting himself as the winner.
Impact on the 2024 US Election: The Loser of the TV Duel Must Now Step Up
Considering the speaking time of the first televised duel of the election campaign in the United States of America, it was analyzed The New York Times: Overall, Donald Trump had roughly four and a half minutes of speaking time, but both candidates used a similar percentage of time to attack their opponent’s policies or character. Trump also repeatedly made false statements and misleading accusations against Biden.
Supporters see Trump as the clear winner of the televised duel against Biden. A disoriented and unfocused President Biden’s performance was disastrous, a near-total collapse that alarmed leading Democrats. “At the same time, President Trump was clearly dominant,” Monica Crowley, a Republican commentator, said after the televised debate. Other voices believe that Biden is a loser, and that he even lost the entire US election with his performance. According to his supporters, the only strategy in the end is to take up Trump’s problematic statements in the coming months and use them against the 78-year-old. (FPO/EPA)
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
In the Indian capital, New Delhi, monsoon rains caused the roof of an airport to collapse. One person died. Pictures show steel beams falling on cars.
After heavy monsoon rains, an accident occurs at New Delhi Airport, India. Parts of the roof structure collapsed. One person was killed. Rescue workers said eight others were injured. According to the statement, the cause of the collapse was heavy rain.
Damaged cars at New Delhi airport
Steel beams trap cars
The collapse occurred in the front yard of the departure hall. An airport spokesman said: “Emergency personnel are working to assist those affected and all departure flights have been temporarily suspended.” Access is still possible and other stations are not affected. Several cars were crushed.
Images posted online showed vehicles trapped under large steel beams in the departures area of one of the airport’s terminals. The terminal is used only for domestic flights.
The monsoon brings a lot of rain
Heavy rains that lasted for more than three hours left large parts of the city submerged. Chaos reigned at the airport as check-in counters were closed and many people turned back, NDTV news channel reported.
In South Asia, the monsoon season lasts from June to September. Heavy rainfall, which can lead to severe flooding and landslides, is normal. Fatal consequences occur again and again.
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
-
Tech3 lata ago
Te oferty Apple nadal istnieją
-
Top News2 lata agoNajlepsze strategie i wskazówki dotyczące zakładów na NBA
-
Tech3 lata ago
Kup PS5: Expert bez nowych konsol – kiedy nadejdą dostawy?
-
Tech3 lata ago
Windows 11 dla programistów: aplikacje na Androida, zestaw gier i pakiet Windows SDK
-
Economy3 lata ago
Huobi Global rozpoczął kampanię zerowej opłaty dla użytkowników kart bankowych w Europejskim Obszarze Gospodarczym i Wielkiej Brytanii
-
entertainment3 lata ago
Dieter Bohlen ogłosił nową pracę w telewizji – to zaskakujące
-
entertainment3 lata ago
„Helene Fischer Show”: Nagłe zakończenie bożonarodzeniowego show – ostre słowa ZDF
-
Tech6 miesięcy ago
Ubóstwo CO2 może ujawnić łatwość życia – Wissenschaft.de
