The minimum wage will increase to 22.4 thousand rubles, the online advertising market reached almost 400 billion rubles: the main thing on October 1

World

• In the first eight months of 2024, Chinese banks’ share of cross-border payments to sellers on Russian markets fell 16.7 percentage points to 51.1% year-on-year, as Chinese credit institutions fear secondary sanctions of West.
• The Prosecutor General’s Office of Belarus filed a complaint against Wildberries for the sale of drones and aircraft models to individuals. The site was asked to end the practice, which “increases the risk of aircraft being used for illegal purposes.”
• In Belarus, access to the Russian streaming service Okko has been limited. The reason was the publication on this resource of prohibited information aimed at promoting violence and cruelty.
• International IT company ABBYY fired almost all Russian developers in one day, Forbes has learned. We are talking about laying off up to 300 people from the company’s offices around the world. The publication’s sources say the dismissals were not due to nationality, but rather money.
• Apple is preparing to cut iPhone 16 production by 3 million units in the fourth quarter. This was reported by analysts from the Barclays conglomerate, who analyzed the supply chain of components for the latest smartphone model.

Russia

• Since October 1, 2024, the car recycling rate has increased by 70% to 85%. RB.RU explained how the indexation of the recycling rate will affect the cost of foreign cars and whether it will affect domestic cars.
• In Russia, there has been a boom in demand for the new iPhone 16. Markets and retail chains are recording a multiple increase in sales of new smartphones compared to the launch period of the iPhone 15. For example, on Avito , 11 times newer. Apple products were sold, in Ozon, 5 times more.
• The State Duma will not support reducing the fine-free speed limit from 20 to 10 km/h. The Ministry of the Interior also opposed this initiative.
• Roskomnadzor (RKN) demanded that the Discord messenger remove 947 materials containing calls for extremism, suicide, pro-drugs and other content.
• The FSB reported the arrest of nine minors who, through Discord, were preparing armed attacks on educational and religious institutions, as well as public gathering places.
• Vladimir Putin ordered the development of additional measures to combat fraud, including the introduction of a “reflection period.” This time will be established between the lender’s decision to grant a personal loan and the actual transfer of the money to the borrower.

• One of Yandex’s clients lost more than 800 thousand rubles after a technical failure in the company. Money was written off in one transaction due to repeated transactions. The Yandex Pay support service informed the user that “erroneous debits are canceled manually”, so this will take several days.

• The State Duma immediately adopted, in second and third readings, a law that deprives drivers of their driving license for a period of one to one and a half years for driving without a license plate or for disguising it.
• The State Duma approved fines for dangerous driving. They will vary between 3 thousand and 5 thousand rubles, and in case of repeat offenses, drivers will be deprived of their rights for a period of one to three months.
• Gloria Jeans founded the IT company GJ Tech, led by Alvin Rakhmankulov, senior vice president of analytics and technology at Gloria Jeans. The creation of a new company is related to Gloria Jeans’ technological development strategy.

Finance

• In 2025, the minimum wage in Russia will be 22.4 thousand rubles. This is 16.6% more than this year.
• The Deposit Insurance Agency (DIA) has repaid more than 90% of the debt to Qiwi Bank’s creditors. More than 33.2 billion rubles were allocated to meet the needs.
• The Central Bank required banks to calculate the total cost of credit (FCC), based on the maximum possible amount of payments by the borrower.
• The minority owner of the Reksoft IT group, Mikhail Kosilov, transferred his 9.22% stake to the investment company Filin Investment.
• Starting November 1, 2024, UniCredit Bank will no longer accrue interest on the Click Savings Account. This is the only savings account of a credit institution.
• In Russia, more than 13 million people receive at least three loans simultaneously. Most of them first take a loan from a bank, and then turn to a microfinance organization (MFI), according to information and analytical material from the Bank of Russia.

Business

• Alexey Polovinkin, co-founder of the online educational platform for schoolchildren “Foxford”, left the founders of the company. He has already launched a new project “Digital”.
• The consulting firm Odgers Berndtson Russia has decided to change its brand and abandon the international network. Now the team will work under a new brand: The Edgers.
• The Russian market for legally placed advertising on the Internet amounted to 381 billion rubles in January-June 2024. More than half of all budgets went to the promotion of large companies.
• Yandex may lose the Open Kitchen brand. The event organizing company M9 Studio refused to present it to the Intellectual Property Rights Court.
• The Russian company Space 1 (Russian legal entity Space 1 LLC), which is engaged in the creation of service offices, has expanded in Dubai, RB.RU has learned. The company leased new office space from developer Emaar, creator of the Burj Khalifa skyscraper.
• Software developer Arenadata held an initial public offering at the high end of its price range. The price of one share was 95 rubles, which corresponds to a market capitalization of 19 billion rubles.
• On the first day of trading on the Moscow Stock Exchange, “Arenadata” shares rose by approximately 21% to 114.8 rubles.
• Wildberries Director Tatyana Kim announced the completion of the restructuring of the combined company Wildberries and Russ.
• Russian technology associations sent an appeal to the Minister of Digital Development Maksut Shadayev, in which they requested the return of preferential rates for loans under the High Tech program (implies a rate of 3%).

Services and technologies

• The Artificial Intelligence Center, the School of Foreign Languages ​​and the online campus of the Higher School of Economics of the National Research University have developed the Lingvo AI neural network. She is able to evaluate your ability to communicate orally and in writing in English, representatives of educational institutions told RB.RU.
• It is planned to allocate more than 6 billion rubles from the federal budget to create a unified platform for combating Internet fraud – TelecomCenter. Its operator will be the Ministry of Digital Development and banks, telecommunications operators and digital platforms may participate.
• Yandex Go has updated the logo and app icon. The old design was more suitable for transportation services, while users of the platform also make other purchases, representatives of the brand told RB.RU.