Why is China hold on to super -fiber covid restrictions, despite the near -volume incidence and the starting Olympiad On the eve of the Olympics and two years after the beginning of the Covid-19 pandemic in China, the most severe coronavirus restrictions in the world are still operating. The New Year holidays that began this week and the Olympiad opening on Friday began to only tighten them.

In China, the severe coronavirus restrictions that were introduced in other countries at the beginning of the pandemic are still in force, and the New Year holidays and the Olympics have only become an excuse to tighten them. The "zero covid" strategy worked in 2020 against "alpha", but is unlikely to be effective against the highly contagious "omicron", experts say. Nevertheless, the Chinese authorities will not give up on it, and it's not just about Xi Jinping's "losing face".

Mikhail Kuchment is the co-founder of the Hoff hypermarket chain. In this field, Hoff competes with the undisputed leader from Scandinavia - IKEA. In an interview with “Russian norms!” the entrepreneur told how he exchanged his career at Samsung and M.Video for his own business, why a Russian company needs a German name, why tens of millions of dollars are needed to enter the market, and what are the specifics of online furniture trading.

Mikhail Kuchment is a co-founder of the Hoff hypermarket chain. In this field, Hoff competes with the undisputed leader from Scandinavia - IKEA. In an interview with Russian Norms! the entrepreneur told how he traded his career at Samsung and M.Video for his own business, why a Russian company needs a German name, why tens of millions of dollars are needed to enter the market, and what are the specifics of online furniture trading.

The capitalization of Meta, the parent company of Facebook, after the opening of trading on the Nasdaq on Thursday fell by 26% or $ 240 billion. This is the largest drop in its history. The reason for the drop lies in the reporting for the fourth quarter and the entire 2021, which we wrote about in more detail here .

The Russian Foreign Ministry announced retaliatory measures against the German media due to the ban on broadcasting RT DE in Germany. Their essence is reduced to the termination of work of Deutsche Welle in Russia.

On Thursday, February 3, more than 12 hours after announced the press service of the head of Chechnya Ramzan Kadyrov his meeting with Vladimir Putin, this information was confirmed by the Kremlin. The Kremlin did not give a direct answer to the question whether the situation around the family of judge Saidi Yangulbaev was discussed.

The Bell has launched a new newsletter for private investors. Bell. Investments are our first large new product in a few years and our first paid newsletter. Subscribe! For whom we created "Bell. Investments" This is a newsletter for those who look at the market (or want to learn this) with the eyes of a thoughtful long -term investor and want to figure it out really deep. We write about investments without hype.

In Rotterdam (the second largest city in the Netherlands and the largest port in Europe), the old De Hef drawbridge will be partially dismantled for the passage of the sailing superyacht of Amazon founder Jeff Bezos, reports Rijnmond . The news of this caused new accusations against Bezos of boasting about his wealth, but in reality it is more of a successful PR campaign. Bezos' yacht Y721, 127 meters long, is being built by the Oceano shipyard in Alblasserdam, Holland.

"Aliexpress Russia" disclosed the results of 2021. The turnover of the online store reached 306 billion rubles, and in terms of the size of the monthly audience (more than 35 million visitors), it remains the most visited marketplace in Russia. The total turnover of Aliexpress Russia (GMV) for 2021 amounted to 306 billion rubles, excluding services. Local business turnover (excluding services) exceeded RUB 110 billion (+124% yoy).

The share of non-cash payments in retail turnover in Russia in 2021 reached 73%, announced today. Olga Skorobogatova, First Deputy Chairman, Deputy Chairman of the Central Bank, The Central Bank predicted 72% for the whole year, but already in the third quarter - 75%. In 2020, the share of non-cash payments in the country increased by 6 p.p. up to 70%.

Many investors who came to the exchange in the last two years last week for the first time survived the correction. And although nothing unusual happened by historical standards, the question of whether this correction of a harbinger of a more serious fall is actively discussed. What arguments do both sides have and what is their main discrepancy? Unsplash @ This article was written specifically for the new newsletter “Bell. Investments”. Subscribe here !

One of the world's largest producers of mineral fertilizers, Andrey Melnichenko's Evrochem Group, announced negotiations to buy the nitrogen fertilizer business of the Austrian group Borealis. EuroChem has made a binding offer to Borealis and is looking to acquire five European operations with a sales and distribution network in key agricultural areas for €455 million. Sales in this area in 2020 reached 3.9 million tons, revenue - 908 million euros.

The government is leaning towards the position of the Ministry of Finance, and not the Central Bank, on the issue of regulating cryptocurrencies, found out Kommersant . A discussion with the participation of all parties - from the Central Bank and the Ministry of Finance to the Prosecutor General's Office and the FSB - should give a decision in the near future.

Meta's results for the fourth quarter and all of 2021 weren't as good as analysts and investors had hoped. After the publication of the report, the company's shares fell by almost a quarter, dragging away the quotes of other participants in the tech market, which only the day before began to recover after a long January fall. Quotes of Meta (formerly Facebook) fell 24% in post-trading after the publication of a financial report that fell short of analysts' expectations.