The biggest component of the decline in the growth forecast was a 4.1% decline in the Europe and Central Asia region, including Ukraine, Russia and...
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The World Bank lowered its forecast for global GDP growth by a percentage point due to the war in Ukraine
BMW will save tens of thousands of jobs in the transition to the production of electric cars
BMW will retrain employees around the world to work with electric models of electric vehicles....
The Government of Ukraine has extended for six months reduced electricity tariffs for the population
The preferential tariff for electricity for the population (UAH 1.44 and 1.68 per kWh, depending on consumption) began to operate from October 1,...
China's industrial production up 6.5% in the first quarter of 2022
In the first three months of this year, China's gross domestic product grew by 4.8% year on year....
Metallurgists of Magnitogorsk replaced the scarce Ukrainian rolls with imports
The new machine Kuettner (Germany), put into operation at the Magnitogorsk plant of rolling rolls, will produce scarce equipment with a diameter of...
Belarusian Metallurgical Plant increased exports of steel products in the first quarter
Two electric steel-smelting shops operating at BMZ have increased their production potential to 3 million tons of steel per year due to the...
Elon Musk's SpaceX launches American spy satellite today
A private US space company launched a US military intelligence satellite using the same booster that launched on another mission in February....
Chinese auto industry sets new record for production and sales of commercial vehicles
Sales and production of new commercial vehicles in China rose sharply in March 2022, up 68.1% and 55.2% respectively....
Chile could lose its crown as the world's largest copper producer
Copper production in Chile fell to its lowest level in 11 years in January....
Heat pumps will become an effective weapon in the energy war between the EU and Russia - Time
The European Union intends to double the production and installation of heat pumps in order to convert as much heating as possible from gas to...
The Minister of Economy of Japan announced state support for companies that buy gas outside of Russia
Japan is focusing on expanding additional LNG supplies to reduce dependence on Russian natural gas....
Thyssenkrupp transfers 1,300 steelworkers to reduced working hours due to war in Ukraine
Spending cuts become necessary as Russia conducts a special military operation in Ukraine...
Sanjeev Gupta's Belgian factories may shut down amid disputes with unions
The restructuring of Liberty Steel's steel plants in Belgium was blocked by a local commercial court decision at the request of unions and...
Oil prices rise as speculators weigh the prospect of an EU ban on Russian oil
The EU has imposed several rounds of sanctions on Russia, but has so far excluded Russian oil from the sanctions list, given the high level of...
Elon Musk is not sure his Twitter takeover bid will succeed
The head of the American automobile company Tesla, Elon Musk, admitted that he was "not sure" that his proposal to take over the social...
More than a hundred merchant ships cannot leave the territorial waters of Ukraine
The heads of the International Labor Organization (ILO) and the International Maritime Organization (IMO) have called for urgent action to protect...
The US Department of Commerce has compiled a "black list" of 32 Belarusian and Russian airliners
U.S. officials from the Bureau of Industry and Security of the U.S. Department of Commerce have identified the first Belarusian and several Russian...
Moody's believes that Russia may be in a state of default as early as May 4
Russia may default after trying to service its dollar bonds in rubles due to Western sanctions over the war in Ukraine, Moody's reported....
Kirov plant OCM produced an experimental batch of products
The entire trial batch of copper transformer tape with a rolled (rounded) edge was sent to the consumer....
India intends to significantly increase the consumption of stainless steel
India is the world's second-largest crude steel producer with a January-November 2021 production of 104.91 million tonnes. The consumption of...
The Federation Council of the Russian Federation was shocked by the lack of production of nails in the country
The Russian Federation was unable to carry out import substitution of steel nails and continues to purchase them in Ukraine....
About 100 Russian metal traders agreed to limit the markup on metal products to 12%
The Ministry of Industry and Trade of Russia has published a list of accredited distributors, trading houses and metal service companies that will...
Zaporizhstal resumed supplies of medical oxygen to hospitals
The Zaporizhstal plant of the Metinvest Group of Rinat Akhmetov and Vadim Novinsky resumed the production and shipment of medical oxygen to Ukrainian...
Russia continues to purchase over 40% of oil and gas equipment abroad
The system of financing the full cycle of development of oil and gas engineering products created in the Russian Federation allowed Russian companies...
Russia may be left without lithium raw materials - deliveries from Chile and Argentina have been stopped
Russia, which does not have industrial lithium production, may be left without raw materials for the production of batteries if the last source of...
The Ukrainian metallurgical lobby has suspended membership in the World Steel Association
The association of Ukrainian metallurgical and mining enterprises will not take part in any Worldsteel body while Russian associations and companies...
Nordgold fails to pay coupon on USD Eurobonds
The Company emphasizes that it has all the necessary financial resources to make payments on Eurobonds and will continue to interact with the trustee...
Ukraine plans to break the record of nuclear generation in the next heating season
In the last heating season 2021-2022, the maximum nuclear generation in Ukraine was more than 300 million kWh per day....
