Economy
Google lost $500 billion in a single day: what happened to the company?
On 29 October, the American corporation Alphabet, Google’s parent company, lost around $500 billion in market capitalisation in a single trading session. The tech giant’s shares plummeted by...
Binance suffered a massive hack amounting to $6.3 billion: the exchange has suspended withdrawals
Binance, the world’s largest cryptocurrency exchange, has reported a major security incident affecting digital assets worth around $6.3 billion. The company has temporarily suspended...
Trump’s deal with Putin has not brought down diesel prices in the US
The agreement between US President Donald Trump and Vladimir Putin on the supply of Russian diesel fuel has not led to the expected fall in prices at American petrol stations. According to the American Automobile...
Businesses are being sold off en masse in Kyiv: cafés and shops are becoming cheaper
In Kyiv, owners of cafés, restaurants, shops and beauty salons are putting their established businesses up for sale at significant discounts. Some establishments are selling for half their value...
Pension supplements in November: who is guaranteed payments of up to 4,213 UAH
In November, the Pension Fund of Ukraine will guarantee payments ranging from 3,406 to 4,213 UAH to certain pensioners and will pay age-related supplements of up to 570 UAH.
The 2027 State Budget has passed its first stage: where will the money go?
The Verkhovna Rada is continuing to adopt Ukraine’s state budget for 2027. According to reports on the vote on 28 October, parliament has completed the first stage of consideration of the main financial document...
The Rada refused to cap civil servants’ salaries at 80,000
On 28 October, the Verkhovna Rada did not support an amendment to the draft state budget for 2027, which would have capped officials’ salaries at 80,000 hryvnias per month....
Shares soared by 21%: India’s Jio held a record-breaking IPO
Jio Platforms, an Indian technology company owned by billionaire Mukesh Ambani’s business empire, made its debut on the Mumbai stock exchanges on 28 October. The company’s shares rose in price at the start of trading...
Meloni has suspended arms deliveries to Ukraine until the US elections
Italy is postponing the dispatch of the 13th military aid package to Ukraine, even though it is already fully prepared. According to Italian media reports, Prime Minister Giorgia Meloni is awaiting the results of the by-elections...
A 20% pay rise for the Armed Forces of Ukraine: what the Rada will consider on 28 October
On 28 October, the Verkhovna Rada will continue its consideration of the draft state budget of Ukraine for 2027. Among the key issues is an increase in pay for military personnel. MPs are due to consider...
There are plans to pay Ukrainians for shifting their electricity consumption
The NEURC has approved draft rules governing payments for changes in electricity consumption. The final terms, amounts and start date have not yet been confirmed.
Russian oligarchs are asking the Kremlin for concessions to protect their factories from drones
Large Russian businesses are calling for tax breaks to protect factories from drones, specifically a deduction of 10–12% for anti-drone investments.
The US has not granted Ukraine a licence for the Patriot system: manufacturers fear competition
The American defence firms Raytheon and Lockheed Martin may be holding back on granting Ukraine a licence to manufacture Patriot interceptor missiles due to fears of a new competitor emerging. According to The...
The world’s richest people profit from climate disasters
The world’s wealthiest people not only account for a disproportionately large share of greenhouse gas emissions, but also profit from the clean-up following climate disasters. A new study by an international...
The AI bubble has burst in China: losses have reached $480 billion
The Chinese stock market is experiencing a massive slump in the share prices of companies linked to artificial intelligence, robotics and microchip manufacturing. In just under four months, the STAR50 technology index has lost...
The dollar is approaching 46 UAH: how much is it worth in banks?
On 26 October, the US dollar reached a new all-time high against the hryvnia. The National Bank of Ukraine set the official exchange rate at 45.2021 UAH to the dollar, which is 15.11...