Vladimir Putin reacted to accelerating inflation with an increase in the subsistence level and minimum wage The authorities react to the rapid acceleration of inflation with a leading increase in social benefits. Today, Vladimir Putin announced a super -planned increase from January 1, 2022 of the subsistence level and minimum wage, from which social benefits and surcharges to pensions are counted.

Apple is accelerating the development of its own electric car and refocusing the project on the production of fully unmanned vehicles, learned Bloomberg . According to one of the options, the car from Apple will not have a steering wheel and pedals at all.

VTB plans to withdraw from the shareholders of the retail network "Magnit" - the bank itself announced this. Now the bank owns 17.3% of the company's shares, most of which will be sold to Marathon Group, the second largest shareholder of the retailer.

The British electric transport manufacturer Arrival, founded by the former Deputy Minister of Communications of Russia Denis Sverdlov, presented a prototype of an electric bus. The main thing that the company pays attention to is that an electric bus will cost about the same as a diesel counterpart. It is a low-floor car with a battery in the floor, composite panels and a transparent roof. There are no technical details yet.

The authorities are reacting to the rapid acceleration of inflation by outpacing the growth of social benefits. Today, Vladimir Putin announced an above-plan increase in the subsistence minimum and the minimum wage from January 1, 2022, from which social benefits and additional payments to pensions are calculated. Both indicators will be increased significantly higher than planned, by 8.6% - slightly more than the forecasted inflation for the year.

Quarterly report of Nvidia Corp. far exceeded analysts' expectations. Two "pandemic" trends helped the company's results at once: an increase in demand for gaming video cards and cloud solutions. Quarterly revenue grew to $7.1 billion, by 50% year-on-year, including gaming - by 42% to $3.22 billion, data centers - by 55% to $2.94 billion.

Turkey's central bank cut its key rate for the third month in a row, reports Bloomberg . Prior to this decision, the Turkish lira, which recently fell below the psychological threshold of 10 lira per dollar, approached 11 lira per unit of US currency, and then overcame it. Back in March, the dollar was worth less than 7 lire. The rate is cut by 100 basis points to 15%. This is in line with the average estimate from a Bloomberg poll of 24 economists and the regulator's own poll.

Alibaba fell short of experts' forecasts for revenue and profit in the third quarter of the year. The figures were lower than expected due to the economic slowdown in China and the suppression of technology companies in the country. Alibaba's revenue was 200.69 billion yuan ($31.4 billion) instead of 204.93 billion yuan ($32.1 billion), which Refinitiv analysts predicted. Nevertheless, revenue still showed an increase of 29% compared to the same period last year.

Grammarly, an IT company founded by natives of Ukraine, which created an online service for improving business texts in English, has raised another $200 million. Grammarly's valuation as a result of the investment round has reached $13 billion, Techcrunch . reports The company raised part of the funds from new investors, including one of the largest shareholders of Tesla, investment firm Baillie Gifford and a number of funds managed by BlackRock.

Central Bank Chairman Elvira Nabiullina spoke about the risks of high inflation and urged to reduce price increases as soon as possible. “In our country, inflation was low not so long, only four years near the 4% target. Now it is twice as high, and the food supply is already, unfortunately, double-digit, ”Nabiullina stated in the State Duma (quote from TASS ).

How online has changed our consumption and makes fashion brands become digital. By 2025, the Internet will become a leading channel for purchasing luxury items, Bain & Company analysts predict. The growing omnichannel sales is the result of the pandemic of coronavirus. Even those who, until recently, did not want to hear about them on the Internet, for example, leading fashion houses. Together with Ozon we figure out what this means for the fashionable industry and fashionistas.

Sony Group-owned PlayStation has asked Activision Blizzard to explain the harassment scandal and what it plans to do following The Wall Street Journal's investigation. Sony is Activision Blizzard's largest customer, accounting for 17% of revenue in 2020. PlayStation head Jim Ryan, according to the WSJ, sent out a letter to employees stating that Sony had reached out to Activision "expressing its deep concern" about the investigation.

The administration of US President Joe Biden has asked some major energy consumers, including China, India and Japan, to release some of the oil from their strategic reserves, Reuters reported , citing sources. Washington expects that this will reduce the cost of energy in the world. According to the agency, Asian countries have not yet made a final decision on this issue.

Under the conditions of covid restrictions, the Vkusvill retailer will start opening stores without cash desks and sellers. According to expert estimates, the cost of the outlet will not exceed 12-15 million rubles. on the plans of Vkusvill reports Kommersant . According to the newspaper, one of the first stores without cash desks and sellers will appear at the exit from the MCC Delovoy Tsentr station in Moscow City.

Ozon Express, Ozon's fast delivery service, plans to launch a new format for delivering groceries, food and other goods in 15 minutes by the end of the year, a told RBC. source in the e-commerce market According to him, Ozon Express will deliver only about 3,000 items: mainly food, prepared food, private label products and non-food items. The format will be launched this year in Moscow, he said. The company will open mini-darkstores with a size of 250 sq. m.