Chinese industrial companies are increasing their profits, American banks are paying fines as part of anti-Russian sanctions, minority shareholders are unhappy with the new owners of Yandex, and Myanmar intends to make Mir cards key to the country’s tourism infrastructure instead of Visa and Mastercard. RB keeps an eye on the most interesting news in the economy.

Lawsuit against new owners of Yandex, Mir card in Myanmar, Telegram fraud: the main thing for business on July 27
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  • The court accepted the claim of minority shareholders against the new owners of Yandex. More than 100 shareholders of Yandex NV participate in the statement

  • Scammers have once again promoted “investment projects” in the name of Pavel Durov. The attackers promise profits starting from $4,000, depending on the selected account.

  • Myanmar’s tourism minister has announced the possibility of replacing Visa and Mastercard in the country with Mir cards. He promised to personally resolve the issue of opening correspondent accounts.
  • Wildberries founder Tatyana Bakalchuk came out for the first time after the news of her divorce. She did not appear in public for a long time. They met her at a party at the Savoy restaurant, which was called “The Return of the Legend.”
  • Payments giant Stripe has acquired payment processing startup Lemon Squeezy. Previously, its team handled legal processes and collections in several countries. They mainly served software development companies.
  • The American bank State Street will pay $7.5 million for violating sanctions against Russia. This was done to avoid a civil lawsuit and deficiencies were identified in the work in 2016-2020.
  • Wildberries entered into a dispute with an individual entrepreneur from Krasnodar over a trademark. Lawyers are going to challenge the use of the trademark “WBnuty Vebenuty”. The first trial has already taken place, but a decision has not yet been made.
  • One of the most famous companies in the field of quantum computing, Quantinuum, is preparing for an IPO. The parent company intends to request a valuation of $10 billion.
  • The profits of large Chinese industrial enterprises in the first half of the year increased by 3.5% year on year. The leading industries are electricity and gas production and supply, and manufacturing, but output decreased by 10.3%.
  • TASS has learned that a criminal case may be opened against Mikhail Khodorkovsky (recognized as a foreign agent in the Russian Federation). Article 330.1 of the Criminal Code of the Russian Federation – on evasion of the duties of a foreign agent (he faces up to two years or a fine).
  • The government has signed a resolution on holding an annual all-Russian competition “Capital of Financial Literacy”. The initiative is related to the Strategy for improving financial education and forming financial literacy until 2030.
  • And the 2024 Summer Olympics began in Paris. The opening ceremony was held outside the stadium for the first time and the national teams sailed down the Seine in pleasure boats.

Author:

Ekaterina Alipova

Source: RB

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Emma
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.

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