News from World

tag: Russia

04 January 2023

The new energy map

Russia is expanding its gas pipeline to China, and the United States received its first Venezuelan oil exports in four years. Meanwhile, a hastily built terminal in Germany accepted its first shipment of U.S. gas. The Ukraine war has reshaped the global energy map, forcing Moscow to look east as Europe increasingly refuses its exports, and Washington to revive troubled relations with Caracas. Still, this energy diplomacy may have a short shelf life. Given China’s rapid investment in renewable energy, and the years-long build time of new gas pipelines, it may be that Moscow’s investment doesn’t pay off for long.

15 November 2022

The slowdown in global economic growth is increasingly evident, according to global data from the Purchasing Managers Index (PMI)

Global economic growth is facing a unique mix of headwinds, including Russia's invasion of Ukraine, interest rate hikes to contain inflation, and lingering effects of the pandemic such as lockdowns in China and disruptions in supply chains. In turn, the latest IFM World Economic Outlook lowered the global growth forecast for next year to 2.7%, and countries representing more than 1/3 will contract this year and next. Moreover, the latest report prepared for the G20 confirms the gloomier outlook.

17 October 2022

Empty shopping malls, how do Russian shops withstand the consequences of partial mobilization?

The Russian Council of Shopping Centres RCSC - Российский Совет Торговых Центров (РСТЦ) calls for immediate assistance from regional governors as the average number of visitors decreased by 20% in the first nine months of 2022 compared to the same period of the previous year. The association asks for tax breaks until September 2024. In September, footwear and clothing sales in Russia plummeted by 40% [Российский совет торговых центров разработал меры ... – Retail.ru]

30 August 2022

The impact of the war in Ukraine on the European fashion industry

As the war caused by the Russian invasion of Ukraine rages on, @globaldataplc explores the fallout on the European clothing market. [Six months on: Impact of the Ukraine-Russia war on Europe's apparel market- Just Style]

22 August 2022

Invasion war in Ukraine: impact on businesses and value chains

On the indirect consequences of war, such as economic ones with rising inflation: in the UK the first strike in 30 yearsof the workers of the port of Suffolk [Felixstowe: Dock workers strike for first time in 30 years – BBC]

26 July 2022

Global footwear market is suffering a bit, also due to the Russian war on Ukraine

Shoe Intelligence reports that in 22.Q2, footwear stocks declined significantly in line with global markets. In this context, a research by "Confindustria Moda" shows that sales of Italian footwear are slowing down due to the war in Ukraine, because for 9% of exporters, Russia, Ukraine and Belarus accounted for more than half of their revenues, for 11% between 20 and 50% and for 20% between 10 and 20%. On the contrary, @WTPfootwear informs that the production of footwear in Spain, not ballasted by CIS customers, has recovered well in the same period of 2022

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