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Economics
Russia’s draft budget raises spending and borrowing plans
Russia’s draft budget raises spending and borrowing plans
Economics
Russia Sets the 2027 Minimum Wage at 28,935 Rubles, Up 6.8%, on the Way to 35,000 by 2030
Finance Minister Siluanov said Russia's minimum wage will rise 6.8% to 28,935 rubles in 2027, matching forecast wage growth, en route to 35,000 by 2030.
Global
Uzbekistan Bets $1.56 Billion on Waste-Fired Power: Eleven Plants, Two Commissioning Waves
Six waste-to-energy projects worth $933 mln move ahead in Uzbekistan in 2026-2027, with five more worth $625 mln under review, per a presidential statement.
Global
Rosoboronexport Signs Over $13 Billion in New Arms Contracts in H1 2026, Matching All of 2025
Rosoboronexport signed over $13 billion of new export contracts in H1 2026, equal to all of 2025, with a portfolio above $60 billion, its chief said in Egypt.
Enterprises
Sebi Clears Jio Platforms' ₹35,000 Crore IPO, Setting Up India's Largest Listing
Sebi's observation letter clears Jio Platforms' all-fresh-issue IPO of ₹35,000 crore, above the records set by Hyundai Motor India and LIC.
Enterprises
Deere Lifts Its 2026 Outlook by $250 Million as Data-Center Construction Fills Order Books
Deere raised its 2026 outlook by $250M as construction order books filled for the year on data-center demand, with backlogs running into fiscal 2027.
Economics
Malaysia's Construction Engine Keeps Running: Work Value Up 8.8% in Q2 2026
Work done in Malaysian construction rose 8.8% y/y to RM47.8 bln in 2Q 2026, led by special trades and non-residential building, DOSM data show.
Economics
EAEU Returns Titanium Scrap to Zero Duty: A Tariff Signal for the Secondary Metals Loop
The EEC restored a zero import duty on titanium waste and scrap until August 2028, cutting input costs for EAEU metallurgy after the 2024 measure lapsed.
Global
Middle East Hotel Pipeline Hits Record 717 Projects as Saudi Arabia Leads the Build-Out
Middle East hotel pipeline hit a record 717 projects and 177,110 rooms in Q1 2026, up 12% y/y; Saudi Arabia holds 385 projects, Lodging Econometrics says.
Economics
UK Youth Unemployment Reaches 16.2%, the Highest Since Late 2014, as Amazon's UK Boss Calls It a System Problem
UK unemployment edged up to 5% and the 16-24 rate hit 16.2%, the highest since late 2014; Amazon's UK boss called youth joblessness a system problem.
Economics
The Subsidy Cliff Bites: ACA Marketplace Enrollment Headed for a Five-Million-Person Drop in 2026
KFF sees ACA marketplace enrollment falling from 22.3 mln to about 17.5 mln in 2026 as premiums rose 58% and deductibles jumped 37% after subsidies lapsed.
Global
Japan Finalizes AU$10 Billion Frigate Deal With Australia, Its First Warship Export
Japan finalized an AU$10 billion deal to build three upgraded Mogami-class frigates for Australia, its first warship export, with delivery from 2029.
Enterprises
Lotte Chemical Pivots to Four Growth Pillars as Korea's Petrochemical Restructuring Advances
Lotte Chemical will nurture advanced materials, fine chemicals, battery materials and hydrogen while cutting NCC capacity at Daesan and Yeosu.
Enterprises
Russia's Cement Market Opens 2026 With Its Weakest Month in Over 15 Years
January cement consumption in Russia may fall 20-30% year on year after a 9% full-year decline in 2025, with frost and record snowfalls halting concrete works.
Enterprises
Bosch Braces for Another Tough Year and Pushes Its 7% Margin Target to 2027
The world's largest car-parts supplier warned of no let-up in cost and tariff pressure in 2026 and delayed its 7% margin goal after 2025 margin fell to 1.9%.
Enterprises
Samsung Biologics Posts a Record 2025 as CDMO Orders Top 6 Trillion Won
Q4 net profit jumped 74.1% to 453.1 bn won as plant No. 4 ramped up; 2025 CDMO orders exceeded 6 trln won and 2026 sales target is 5.32 trln.
Enterprises
Coupang Admits Breach Exposing 33.7 Million Users, Nearly Its Entire Customer Base
Five months of undetected access exposed data of 33.7 million Coupang users; Seoul warns of phishing and weighs strict sanctions.
Global
Battle for Survival: French Winegrowers Demand a Rescue Before a Fifth of Farms Close
After five stacked shocks and harvests among the worst in 70 years, French winegrowers demanded state rescue ahead of a late-November 2025 crisis meeting.
Economics
Russia's Road-Construction Machinery Market Slows Its Fall to 41% After Nine Months
Sales of Russian road-construction machinery fell 41.3% to RUB 32.4bn in Jan-Sep 2025, but the decline is slowing and experts believe the bottom is behind.
Enterprises
KuibyshevAzot Drops Its Kursk Fertilizer Plant Site, Keeps the Project Vehicle Alive
The 75-billion-ruble ammonia-urea-UAN complex will not be built at the Kursk site; KurskAzot's capital was raised to 4 bln rubles as new locations are sought.
B2C
Putin Demands Affordable Fish for Russians as Retail Prices Climb 15%
Russian fish consumption remains below the recommended level as prices, distribution and product formats limit affordability.
Enterprises
Lada's Nine-Month Slide: Sales Down 24.9% as AvtoVAZ Cuts Its 2025 Production Plan
Lada sales fell 24.9% to 237,706 units in January-September 2025 while AvtoVAZ cut its yearly output plan from 500,000 to just over 300,000 cars.
Global
Argentina's $7 Billion Grain Tax Experiment Lasted Two Days
Argentina's Sept 22 suspension of grain export taxes hit its $7 bn cap in two days; China booked 10+ soy cargoes as US farmers stayed shut out.
Economics
One Trillion Kilowatt-Hours in a Month: China's July Power Use Sets a Global First
China's July power use topped 1 trillion kWh for the first time, up 8.6% y/y on heat waves, lifting January-July consumption 4.5% to over 5.86 trillion kWh.
Global
Half of China's Rail Bridge to Europe Now Crosses Two Xinjiang Checkpoints
Alashankou and Horgos passed 10,000 combined China-Europe train trips by late July 2025 - over half of China's total - with cargo up 3.7% and 20.3%.
B2C
Glamping Bookings in Russia Double Over Summer 2025 as Supply Spreads to New Regions
Summer 2025 glamping bookings in Russia doubled year on year, led by Moscow region, Tatarstan and Karelia, as supply passed 13,000 units, Avito Travel says.
Economics
A 50% Tariff Split the Copper Market in Two: Record US Prices, a $2,600 Premium and a Bill for the Economy
Trump's 50% copper tariff sent US prices to a record $5.69/lb while the LME barely moved, opening a $2,600/t premium and stoking inflation fears.
Enterprises
Segezha Group Closes a 113 Billion Rouble Share Issue and Cuts Its Debt Threefold
Segezha Group raised 113 bln roubles in a closed share issue, cutting debt threefold to about 60 bln; AFK Sistema kept control of the timber holding.
Global
South Korea's Dried Seaweed Exports Hit Record $281 Million in Q1 2025
Gim exports rose 21.1% to $281 mln in Q1 2025, the highest first quarter ever, with the US, China, Thailand and Japan all growing, data showed on April 21.
Enterprises
UPM to Shut Its Ettringen Paper Mill as Europe's Graphic Paper Market Shrinks Again
UPM will permanently close its Ettringen paper mill in Germany and cut 462 jobs group-wide, citing overcapacity in graphic papers.
Banks
Hana Financial Sets a Record 3.76 Trillion Won Profit as Korean Banks Prove Fees Can Replace Margins
Hana Financial's record 3.76 trln won 2024 net profit came despite falling interest income, lifted by 15.2% fee growth and a 400 bln won buyback.
Enterprises
Yandex's E-Commerce Turns Profitable as Q3 GMV Grows 1.5-Fold
Yandex's e-commerce, ridetech and delivery group swung to positive adjusted EBITDA in Q3 2024 as e-commerce GMV grew 1.5-fold year on year.
Enterprises
Russia's Egg Market Turns Again: Wholesale Prices Rise 5-12% After a Summer of Losses
Varaksino, Volzhanin, Okskaya and Praxis-ovo notified chains of 5-12% wholesale egg increases from October-November 2024 after prices fell a fifth in H1.
Economics
Russia's Power Demand Runs 4% Hot Ahead of the 2024-2025 Winter
Russian energy consumption grew 4% y/y since January 2024 and is set to rise 3.3% in fall-winter, the Energy Ministry said after a readiness meeting.
Enterprises
Renaissance Insurance Closes the Raiffeisen Life Deal and Picks Up a Second Life Insurer in the Same Week
Renaissance Life became sole owner of Raiffeisen Life on Oct 3 and won FAS clearance for 58.64% of VSK Life Line assets, adding ~30 bln rubles of portfolio.
Economics
Russia's Sunflower Oil Exports Jump 28% to 3.8 Million Tonnes in Eight Months of 2024
Agroexport puts Jan-Aug sunflower oil exports at 3.8 mln t, +28%, led by India, Turkey and China, with a tentative 5.7 mln t target by 2030.
Banks
Russian Court Seizes Raiffeisenbank Shares in 195 Billion Rouble Claim Over the Cancelled Strabag Deal
A Kaliningrad court seized shares of Raiffeisenbank as security for Rasperia's 195bn rouble claim tied to the cancelled €1.51bn Strabag stake deal.
B2C
130,000 Drivers Short: Russia's Taxi Market Heads Into Year-End With a Deepening Deficit
Russia's taxi driver shortage may reach 130,000 by end-2024, up from 80,000 a year earlier, pushing fares up and forcing subsidies and new legal regimes.
Enterprises
Russian Operators Route Around the YouTube Slowdown Without Waiting for an Official Word
With no official throttling announcement, Russian ISPs deploy bypasses as Google cache traffic to subscribers sits near 30% of July levels.
Global
Dubai Heads for a Record Handover Year: 38,174 New Homes and Values Up by a Third
ValuStrat sees Dubai handing over a record 38,174 homes in 2024 as villa values rise 33.4% a year and off-plan deals jump 61.4%.
Global
Palladium's 2024 Deficit Ballooned Past a Million Ounces as Supply Disappoints
WPIC sees a 1.28 Moz palladium deficit in 2024, over 1 Moz above its first forecast, with the surplus pushed to 2026 as mine and scrap supply disappoint.
Economics
Russia Resets Its Construction Agenda: 33 Square Meters per Person by 2030
Reconfirmed minister Faizullin outlined a programme: 33 sq m of housing per person by 2030, 38 by 2036, faster investment cycles and utility upgrades.
Global
Bangladesh's Export Engine Holds Its Pace: 47.5 Billion Dollars in Ten Months, Garments First
Bangladesh earned 47.47 billion dollars from exports in July-April of fiscal 2023-24, up 3.93%, with ready-made garments supplying 40.49 billion of the total.
Banks
Russia's Private-Home Mortgages Hit Record Share as IZhS Becomes the Market's Only Growing Segment
IZhS mortgages hit a record 12% share of Russia's market by number in February 2024; VTB sees 1 trln rubles of private-home lending for the year.
Enterprises
Seven New Foreign Brands Opened in Russia in Q1 2024, With Fashion Leading the Queue
Nikoliers counts seven new international brands in Russian retail in Q1 2024, mostly in clothing and footwear, with at least ten more announced for the year.
B2C
Antidepressant Sales in Russia Hit a Five-Year High in Early 2024
Antidepressant sales in Russia reached 3.5 mln packs and almost RUB 3 bn in 11 weeks of 2024, a five-year high, on a shift in prescribing habits.
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