OpenAI acquired the Multi platform, the Central Bank intends to control the installment market: the main thing on June 25

World

• Nvidia lost more than $550 billion in capitalization in three business days, this is the biggest drop in history. The stock began to decline in price after news of Nvidia CEO Jensen Huang’s share buyback.

Russia

• The State Duma of the Russian Federation is discussing the creation of a registry of beer sellers, which could include hundreds of thousands of small businesses. This measure should help tackle the illegal market. Managing partner of the alcohol law firm Dmitry Terentyev told RB.RU that it makes no sense to create a registry and it is better to issue a license for the sale of beer in the Russian Federation. The fees required to obtain licenses will protect the market from irresponsible entrepreneurs and poisoning.

• The Russian Foreign Ministry has banned 81 European media outlets from broadcasting in the country. This measure was taken in response to restrictions imposed on three Russian media outlets that were included in the 14th EU sanctions package.

Finance

• In May, microfinance organizations approved loans to Russians worth 81.4 billion rubles. This is a record amount in a year and a half.
• The Central Bank plans to start regulating the installment market at the end of 2024. The regulator is involved in drafting an appropriate bill that should regulate this service.

• Starting June 25, Wildberries introduced restrictions on fines for unfulfilled orders for those working under the Marketplace model. AUREK stated that in this way Tatyana Bakalchuk’s company listened to criticism from the FAS.

• The United Kingdom approved a debt settlement plan with creditors of VTB subsidiary VTB Capital. Under the procedure, payments from sanctioned creditors can be deposited in a special trust for at least 15 years.

• The Moscow Exchange will launch settlement futures for the IPO index and emerging market ETFs in July. The platform sees the interest of participants in indexed instruments. Later in the year, the exchange will also expand its line of perpetual futures.

Business

• Over the year, the number of juice bars in Russian cities with more than a million inhabitants increased by 12% to 1.92 thousand. The largest number of points of this type were opened in Samara and Rostov-on-Don.
• OpenAI has acquired collaboration platform developer Multi (formerly Remotion). The company purchased the asset for the benefit of the specialists developing this project.

• Renamed two years after the sale, T-Bank decided to distance itself from the former owner, foreign agent Oleg Tinkov, but continued to use the slogan with which it promoted its beer in the 2000s.

• Bonduelle decided to Russify the brand on the Russian market: the company registers a trademark with Cyrillic letters. The design will also change, including the font and colors. The updated design is promised to be unveiled in the near future.

• The Czech Home Credit group has withdrawn from the capital of Home Credit Insurance. The structure is included in the scope of the purchase transaction of Home Bank by Sovcombank.

• The Wildberries market will tighten packaging requirements for several product categories starting July 8. Sellers will have to increase the costs of boxes and bubble wrap, so the cost of goods for buyers may increase, believe experts interviewed by RB.RU.