The Cabinet of Ministers has allocated $2.6 billion to support closed airports, Barclays analysts have improved Russia’s GDP forecasts, and California has already lost $5 billion due to a strike by Hollywood screenwriters and actors. RB talks about the main events of the day.
World
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During the four-month strike by Hollywood writers and actors, the damage to the California economy amounted to 5 billion dollars (Financial Times).
Russia
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The Russian government has allocated another $2.6 billion to support temporarily closed airports in central and southern Russia.
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Analysts at UK bank Barclays upgraded their forecast for Russia’s GDP this year to 1.7%.
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In the context of the exit of European brands to Russia, the demand for household appliances from China and Turkey increased by 20% (Izvestia).
Business
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Venture investors investing in startups participating in the Moscow Innovation Cluster will receive a 50% investment grant from the city authorities, Mayor Sobyanin said. At the same time, the amount of the subsidy cannot exceed the amount of personal income tax paid during the last three years.
Photo by: Unsplash
Author:
Ahmed Sadulayev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
