Supermarket shelves bare as cost of living in Russia soars

Published

2 years ago

March 25, 2022

The price of sugar, bread and milk is on the rise as Russia is cut off from the western world

According to new data, The cost of living in Russia is surging

Official figures show price of some household staples – such as sugar – have jumped by as much as 14 per cent in just 7 days.

Inflation is set to keep rising in Russia where the rouble has fallen sharply since the Ukraine war started a few weeks go.

The value of the currency has dropped by a quarter this year, pushing up the cost of importing goods.

The inflation data came as the Russian stock market resumed trading on Thursday after a month-long hiatus, with the majority of shares rising in a volatile trading session.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

News3 days ago

AI enters the Big Brother house, raising concerns around the truth of reality TV

News5 days ago

Ford’s all-electric plan for Europe proves too challenging to achieve by 2030

Leaders3 days ago

UN initiative aims to set international standards for AI ethics

Shows3 days ago

Mining and fluid businesses witness growing interest from investors

News3 days ago

No console, no problem according to Amazon’s next-gen streaming innovation

Docos5 days ago

VP Kamala Harris will officially run against former President Donald Trump in the 2024 U.S. election

Leaders4 days ago

Harris secures strong Democratic support for White House run despite challenges

Leaders4 days ago

U.S. Secret Service Director admits security failure, faces rising resignation demands

The price of sugar, bread and milk is on the rise as Russia is cut off from the western world

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Money

Netflix expands use of ads despite slow subscriber growth

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

Trending Now