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Global Economy

Markets, trade, and economic policy worldwide

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TrackedRussiaeconomy5.0
Russia's NSPK halves Mir card interbank commission to 1% for small business categories including repairs and legal services in three-year experiment starting July

NSPK has halved interbank commissions for Mir card payments in consumer services, repairs, and legal services starting in July, lowering the rate to 1% from 1.3–2% for a three-year experiment. Experts doubt its effectiveness, noting small businesses prefer cash amid rising tax burdens.

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TrackedRussiamarkets5.0
Russian ferrous scrap prices hit one-year high of 18,250 rubles/tonne by end of June, up 13% year-on-year, Translom index shows, as spring buying by metallurgists intensified competition for raw materials.

Ferrous scrap metal prices in Russia rose to 18,250 rubles per tonne by the end of June, updating a one-year high, according to the Translom index. Compared to the same period in 2025, scrap became 13% more expensive. Market participants link the dynamics to unstable demand from metallurgists who intensified purchases in spring, sharpening competition for raw materials. They do not believe in long-term price recovery, expecting a correction by the end of the third quarter.

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TrackedChinaeconomy5.0
China's logistics activity index rose to 50.6% in June 2026, up 0.3 points from May, as manufacturing and consumer demand held steady, per the China Federation of Logistics and Purchasing.

China's logistics sector continued to expand in June 2026, with the logistics business activity index rising to 50.6 percent, up 0.3 percentage points from May, according to data released by the China Federation of Logistics and Purchasing.

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