Financial market
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Mongolia’s coal exports are expected to reach 75 million tons by the end of this year, local media reported on Wednesday, citing the country’s Ministry of Finance. “When the 2024 budget was approved, coal export forecasts were set at 60 million tons. However, with over 53 million tons already exported to date, the revised estimate…
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The quality of goods and services is suffering across the EU due to ‘skimpflation,’ European Parliament member Biljana Borzan from Croatia warned this week. The term refers to a cost-saving practice of “skimping” on the quality of products or services while keeping prices steady in order to protect margins. Skimpflation can manifest in anything from staff reductions at stores,…
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Russia’s central bank has called on manufacturers and non-financial services providers to convert their dollar and euro holdings to “friendly” currencies such as the Chinese yuan. The proposal was put forward in a document for public discussion released by the regulator on Thursday, dedicated to developing key areas of the financial market under sanctions. “The…
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