finance
Russia's state-owned Sberbank announced a first-quarter net profit of $4.32 billion, an 11.3% increase over the same period last year, Reuters reported on April 26. Despite being under Western sanctions, Russia's banking industry is once again thriving. Sberbank reported a record annual profit of $16.3 billion in 2023, a more than five-fold increase in 2022. "We are observing strong growth for the start of the year in retail clients' funds, which forms a solid base for the development of the business in the future," CEO German Gref said in a statement reported by Reuters. The bank announced on...
Kyiv Independent
As a business leader or an entrepreneur, you need to know customers value your business. But value isn’t just about having a great product; it’s also about the intangible worth— or equity– of your company. Successful, high-value brands know that boosting brand perception and brand equity requires a multi-faceted plan of attack. That means a comprehensive strategy that includes not just the obvious (content, marketing, sales, etc.), but a number of other important components. Think of a brand you know and love, and the delightful little details that keep you intrigued and their employees happy....
Due
By Etienne BALMER Tokyo (AFP) - La Banque du Japon (BoJ) n'a pas modifié vendredi son taux directeur, maintenu entre 0% et 0,1%, et a gardé un ton accommodant, en minimisant les potentiels effets négatifs de la chute du yen, qui s'est encore intensifiée après ses annonces. Cette pause était largement attendue après l'amorçage en douceur en mars de la normalisation de la politique monétaire de la BoJ, qui avait alors mis fin à ses taux négatifs, l'outil le plus spectaculaire de sa politique ultra-accommodante. Mais l'institution n'a pas non plus modifié sa politique en matière d'achats d'obliga...
AFP (Français)
By Odile DUPERRY Paris (AFP) - Les verdicts de printemps des agences de notation Moody's et Fitch sur la dette souveraine française sont attendus vendredi soir, alors que l'aggravation récemment annoncée des finances publiques laisse prévoir au mieux des commentaires peu flatteurs. En février, le gouvernement avait dû abaisser de 1,4% à 1% la croissance attendue cette année, et annoncer qu'il devait trouver en urgence 10 milliards d'économies sur le budget de l'Etat. Fin mars, c'est l'Institut national de la statistique (Insee) qui annonçait que le déficit public avait dérapé à 5,5% du PIB en ...
AFP (Français)
A Miami federal jury has found the former Comptroller General of Ecuador guilty of a million-dollar money laundering and bribery scheme. Carlos Ramon Polit Faggioni, 73, was involved in a series of illegal activities between 2010 and 2015, a period when he was entrusted with safeguarding his country’s public funds. Former comptroller found guiltyIn his high-profile capacity as the Comptroller of Ecuador, he was supposed to be the shield the country depended on to root out industrial espionage. Instead, he benefited from ill-gotten gains from private firms and backhanded bribes, especially from...
Due
Paris (AFP) - Le secteur des Ehpad a salué mercredi l'annonce du gouvernement de leur affecter 650 millions d'euros, en réponse à leurs difficultés financières, mais appelle les pouvoirs publics, notamment les départements, à faire plus. La ministre déléguée aux Personnes âgées, Fadila Khattabi, a annoncé mardi une augmentation de 5% du financement de l'Etat en 2024 pour les Ehpad publics et associatifs, et de 3% pour le secteur privé commercial. Soit un coup de pouce total de 650 millions --des lignes déjà comprises dans le budget 2024, a précisé le ministère à l'AFP. Dans un communiqué mercr...
AFP (Français)
President Biden has released a resounding supporting document for the recently passed $95bn National Security Package. The bill, a crucial step in bolstering national security, was successfully approved by the Senate and cleared to proceed to the next stage of the law-making process. Senate and POTUS approve landmark billPresident Biden would release a statement on the White House official site saying “a bipartisan majority in the Senate joined the House to answer history’s call at this critical inflection point. Congress has passed my legislation to strengthen our national security and send a...
Due
President Joe Biden marked Earth Day by announcing $7 billion (€6.6 billion) in federal grants for residential solar projects serving 900,000-plus households in low- and middle-income communities. He also criticised Republicans who want to gut his policies to address climate change. Seeking re-election in November, Biden said, "Despite the overwhelming devastation in red and blue states, there are still those who deny the climate is in crisis." He took specific aim at supporters of former President Donald Trump's "Make America Great Again" movement. "My MAGA Republican friends don't seem to th...
Euronews (English)
Paris (AFP) - L'encours des Livrets A et des Livrets de développement durable et solidaire (LDDS) a progressé au mois de mars, mais moins vite qu'en début d'année, selon les chiffres publiés mardi par la Caisse des dépôts (CDC). Dans le détail, les dépôts sur les Livrets A ont dépassé les retraits de 1,53 milliard d'euros le mois dernier, et de 910 millions d'euros pour les LDDS. La somme de ces deux montants dits de "collecte nette", 2,44 milliards d'euros, est deux fois inférieure au mois de mars 2023 (5,99 milliards d'euros), mais constitue un retour aux moyennes pré-Covid pour un mois de m...
AFP (Français)
Music giant Spotify has unveiled its first quarter results for 2024. Spotify, the global streaming platform, has marked a significant milestone in the first part of the new financial year, with a record-breaking 239 million paying premium subscribers. Spotify records positive financial hitsDaniel Ek, the enigmatic Chief Operating Officer said “We’ve talked about 2024 as the year of monetization and we’re delivering on that ambition.“ Total revenue for the Swedish company was up by 20% compared to the previous financial year. Overall income was up by €168 million ($179 million). Ek continued on...
Due
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