Minus 1 billion tourists will lose $ 1.17 trillion in world GDP.

The international tourism sector could lose $ 1.08-1.17 trillion depending on whether the borders open in September or December, the UN said in an August memo on the impact of the COVID-19 pandemic on tourism. According to the results of the year, the UN forecasts an overall reduction in international tourist flow to 78%, or…

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The largest titanium producer has targeted new niches

VSMPO-Avisma published financial statements for the six months ended June 30, 2020. Due to falling export shipments, the corporation’s net profit for the first six months of 2020 under IFRS fell to $ 82,000 (compared to $ 210.3 million in January). June last year), and revenue fell by 17% to $ 678.4 million. At the…

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Sales of e-cigarettes and vapes are growing

China’s Smoore International Holdings, the world’s largest maker of electronic alternatives to nicotine, reported sales growth of 18.5% in the first half of 2020 compared to the same period last year to $ 561.3 million. Basic net income grew 40% to $ 188.1 million. The COVID-19 epidemic had little effect on the company’s operations: sales…

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“Smoke” will sell sausages and cheeses online

Smoke Group of Companies (GC) is opening an online store, a company spokesman said. It will sell its own meat products (sausages, delicacies, etc.), as well as related products (cheeses, sauces, groceries, etc.) from partner companies. With online sales, the company expects to reach a new audience and increase sales. GK “Smoke” – a major…

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New customs regulations could hit Russian home appliance manufacturers.

The creation of bond warehouses in Russia, where importers can store goods without VAT, customs duties and fees, as well as changing these duties in case of low demand for certain products can discriminate against domestic manufacturers of electronics and household appliances. The Association of Producers and Sellers of These Goods, RATEK, warned Prime Minister…

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Delivery times for smartphones from China will be halved

Alibaba Group logistics operator Cainiao has launched special flights to Russia to transport smartphones, tablets, drones and other devices with lithium-ion batteries, a company spokesman told Vedomosti. This will reduce the delivery time of devices in half, he stressed. Electronics account for more than 20% of Cainiao’s goods in Russia. Thanks to the new flights…

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Nestle has released a plant-based tuna replacement

The world’s largest food manufacturer Nestle has announced the launch of a new product from the Garden Gourmet brand, a plant alternative to tuna – Sensational Vuna (“tuna” in English – tuna). Sales will begin in late August 2020 in Switzerland, at the home market for Nestle. The company believes that during the pandemic, consumers…

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Mars started producing ice cream in Russia

Mars has launched ice cream production in Russia. A representative of the company told Vedomosti about it. According to him, since July it will be produced under contract at the Unilever plant in the Tula region. A Unilever spokesman confirmed this. The American corporation Mars is one of the world’s largest food producers with revenue…

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BHP gets rid of coal, oil and gas

The British-Australian mining giant BHP on August 18 announced the results of the fiscal year that ended in June. Core income from continuing operations, which does not include one-time income and expenses, decreased by 4% compared to the previous fiscal year and amounted to $ 9.06 billion. According to Refinitiv, analysts expected that figure to…

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The largest soda producer in Russia wanted to nationalize

The Bashkortostan government is preparing an agreement to buy a controlling stake in the Bashkir Soda Company (BSC), which accounts for up to 85% of all baking soda produced in the country. The head of the republic Radiy Khabirov stated this to Echo of Moscow on August 19. Authorities in the region are trying to…

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Co-founder Baring Vostok will earn on the production of steaks

The company “Nasha Zhytnitsa” has launched the production of steaks and other semi-finished products (meatballs, minced meat) from beef in the Smolensk region, told “Vedomosti” its co-owner Alexei Kalinin. According to him, she expects to produce about 10,000 tons of products under the Steikavka brand annually. It is planned to sell it mainly in Moscow…

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Buckwheat has become the most expensive product in the last year

The average retail price of buckwheat in July 2020, according to Rosstat, increased more than 1.7 times to 87.1 rubles. per 1 kg compared to the same period last year. Of all the foods analyzed by the service, this is the most expensive item. The price of buckwheat in stores grew after the wholesale price,…

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Airbnb goes public.

According to The Wall Street Journal, citing sources familiar with the situation in the company, Airbnb this month will submit a formal application for the initial public offering to the US Securities and Exchange Commission (SEC). The financial support of the IPO will be provided by Morgan Stanley and Goldman Sachs. The last valuation of…

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Sunflower exports from Russia may again be restricted

Exports of sunflower from the Eurasian Economic Union (EAEU; Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan) may be restricted again: this initiative of oil producers is currently being discussed in the Ministry of Agriculture, two employees of processing companies told Vedomosti. The Oil and Fat Union of Russia (FUA) has indeed suggested to Deputy Prime Minister Victoria…

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Rosstat wants to use artificial intelligence to calculate inflation

The Federal State Statistics Service proposes to use artificial intelligence (AI) to calculate inflation – this follows from its appeal to the Ministry of Communications (it was read by “Vedomosti”, its authenticity was confirmed by a representative of Rosstat). The agency proposes to make a project with a budget of 46 million rubles. in the…

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The market for grocery kits has changed

The 1st place in the ranking of the largest online stores of food kits in the first half of 2020, according to Infoline, took Performance Group: its turnover during this period amounted to 14.5 billion rubles. Since 2016, the leader of this market was the company Grow Food, but now it ranks 2nd with a…

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Rusagra wants to lose control over the bankruptcy of “Solar Products”

Creditors of the oil and fat holding “Solar Products” – Baltsinvestbank (“daughter” of “Absolute”) and “VTB Factoring” (part of the VTB) – are trying in the Supreme Court to challenge the decision of the previous instance, which allowed the agricultural holding “Rusagra” to enter the register. Information about their complaints is in the file of…

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Viktor Kharitanin’s Medinvestgroup will build a nuclear medicine center

The area of ​​the center will be 20,000 square meters. m. Construction will be completed by the end of 2023. For the first year the company expects to accept about 7,000 patients, said a representative of “Medinvestgroup”. The amount of investment in the project he declined to report. The International Medical Cluster (IMC) on the…

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M.video will sell equipment under its own Novex brand

M.video is reviving Novex’s own brand for home appliances and electronics, which first appeared in the 2000s. Buyers may be attracted by the relatively low cost of branded devices, experts say M.video starts selling electronics under its own Novex brand, said Valery Andreev, a representative of the M.video-Eldorado group. The first product line will be…

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Abramovich and his partners sell gold mining Highland Gold

Roman Abramovich and his partners will sell a 40% stake in Britain’s Highland Gold Mining (HGM). The buyer will be Fortiana, a former member of the board of directors of the Peak Group Vladislav Sviblov, who will pay 3 pounds per share, or 437 million pounds (about $ 574 million) per stake, according to a…

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