Recession in the United States, lifting currency restrictions in Russia and Biden negotiations with Xi Jinping @ The recession in the United States is now an almost official fact: the first official assessment of the American GDP for the second quarter showed minus 0.9%, in the first quarter of 2022 there was already 1.6%.

In the second quarter, US GDP declined by 0.9% in annual terms. The fall is the second quarter in a row, which is formally considered the onset of a recession. But the Fed is in no hurry to recognize it: despite the obvious slowdown in the economy, on Wednesday the regulator raised the rate by 0.75 percentage points for the second time in a row. So the Fed is trying to cope with the highest inflation in 40 years, while risking driving the US economy into recession.

Since February 2022, Russia has introduced many new and most confusing restrictions on any currency transactions, the violation of which threatened with huge fines. In this article, we understand why the situation has improved dramatically since July. The author of this article is a former KPMG auditor and McKinsey consultant, author of the RationalAnswer blog - intelligent answers to questions about investments, personal finance and more.

Double taxes sewn in the variety of state fees, opaque criteria for tax regimes that force entrepreneurs to crush business, additional taxes after each audit - all this prevents the remaining businesses in Russia to grow and develop. What is wrong with the fiscal system in Russia and how it can be reformed, the entrepreneur Anastasia Tatulova reflects in the column for The Bell, together with the readers of his channel .

State Duma deputies have developed a bill on tourist tax, writes Kommersant . As conceived by the authors of the initiative, the tourist tax, unlike the resort tax (which can be introduced only by the Crimea, Krasnodar, Stavropol and Altai Territories), will be able to enter any region. The Committee for Tourism and Infrastructure Development told the publication that 18 subjects of Russia had already shown interest in the initiative, which ones were not specified.

Some Samsung smartphones have become unavailable in the regions, or they can only be purchased with delivery in a few days, told market participants RBC. According to one of them, due to the lack of goods, retailers are forced to bring goods only at the request of buyers. The main reason for the problems with the assortment is the lack of official supplies from Samsung.

H&M Group, which announced its withdrawal from Russia, is looking for a buyer for the Russian part of the business, learned Kommersant . The assets for sale include a portfolio of leasehold rights for 170 stores in 65 Russian cities, a distribution center, and 30-week stocks of goods worth $210 million. Market participants doubt that there will be a player in Russia capable of taking control of such a large chain for themselves and ensure the supply of the required amount of clothing.

H&M put up Russian business for sale Marco Verch/Flickr/CC by 2.0 @ The H&M Group, who announced the departure from Russia, is looking for a buyer for the Russian part of the business, Kommersant learned . The assets put up for the sale of rental rights for 170 stores in 65 cities of Russia, the distribution center, as well as the stocks of goods for 30 weeks with a total value of $ 210 million.