National bank of Ukraine’s official rates as of 21/07/22
Source: National Bank of Ukraine
More and more investors are pessimistic about the prospects for the global economy and corporate profits, according to the results of a monthly survey of fund managers conducted by Bank of America Corp. (BofA).
According to the results of the July survey, the proportion of respondents who expect the economy to weaken in the next 12 months reached a record 79%, an increase of 6 percentage points (p.p.). The share of investors expecting corporate earnings to worsen over the next 12 months rose by 7 percentage points, also reaching 79%.
Stagflation in the global economy is expected by a record 90% of respondents compared to 83% a month earlier.
The survey, which included 259 investors managing $722 billion in assets, was conducted by BofA last week.
Investors have reduced exposure to risky assets to lows not seen even during the global financial crisis, “completely capitulating” in the face of a bleak economic outlook, BofA said.
The share of stocks in investment portfolios this month fell to the lowest since the collapse of investment bank Lehman Brothers in 2008, the share of cash balances reached 6.1%, the highest since October 2001.
Among the biggest risks, fund managers point to high inflation, a global recession, and a hawkish central bank.
At the same time, the proportion of respondents who expect inflation to slow down next year has reached its highest level since the global financial crisis.
BofA has been conducting surveys of fund managers since 1994.
First Lady of Ukraine Olena Zelenska and First Lady of the United States Jill Biden discussed the National Program for Mental Health and Psychosocial Support, as well as a number of humanitarian projects, during the meeting, the press service of the Office of the President of Ukraine reports.
“As part of her visit to the United States, First Lady of Ukraine Olena Zelenska met with First Lady of the United States of America Jill Biden at the White House. The wife of the Ukrainian head of state was also met on the porch of the White House by US President Joseph Biden and Vice President Kamala Harris. During the event, discussed the National Program for Mental Health and Psychosocial Support, the implementation of which was launched in Ukraine,” the message posted on the website on Wednesday evening reads.
It is noted that for the implementation of the National Program for Mental Health and Psychosocial Support, “expert consultations of foreign, including American, specialists in overcoming the consequences of traumatic situations caused by the war are needed.”
“The first ladies of Ukraine and the United States paid considerable attention to a number of humanitarian projects aimed at alleviating the suffering of people affected by the war. In particular, they talked about the treatment of Ukrainian children in the United States and their prosthetics in American clinics, as well as a number of educational initiatives and assistance to temporary internally displaced persons,” the statement said.
In addition, Zelenskaya met with Douglas Emhoff, the husband of Vice President Kamala Harris.
The meeting, which was held in an expanded format, was also attended by US Ambassador to the UN Linda Thomas-Greenfield, US Chief Medical Officer Vivek Merty, Assistant Secretary of State for Political Affairs Victoria Nuland, USAID First Deputy Administrator Isabelle Coleman, US National Security Council Senior Director for Europe Amanda Sloat.
The First Lady of Ukraine emphasized that “the main thing today is the supply by the United States of Ukraine of powerful precision weapons that will help us protect children and civilians, as well as accelerate victory in the war.”
In addition, Zelenskaya “told about the project ‘The Book of the Executioners of the Ukrainian People’, which collects confirmed data on war criminals from the Russian army.”
The wife of the head of the Ukrainian state thanked the United States for significant efforts in the UN for isolation and deprivation of a seat in the UN Human Rights Council of the Russian Federation, as well as for condemning Russia, and called for further strengthening of sanctions and recognizing the Russian Federation as a state sponsor of terrorism.
On the second day of her visit to the United States, Olena Zelenska had lunch with influential American women.
It was attended by Marcy Kaptur – congresswoman, co-chair of the Ukrainian caucus in Congress; Robin Dunnigan – Deputy Assistant Secretary of State for European and Eurasian Affairs; Dr. Beth van Skak, US Department of State Ambassador-at-Large for Global Criminal Justice, and others.
“The concept of a “strong woman” is the same in Ukraine and in America: a woman takes responsibility and makes decisions in the most difficult situations. She told the American “power women”, among whom are diplomats and senators, about strong Ukrainian women. This is how each of us is now “About those fighting in the ranks of the Armed Forces of Ukraine, who go to work under shelling, who start all over again in a new place for the sake of children. We have a whole country of power women!”, the First Lady of Ukraine stressed.
Salateira chain of salad bars is looking for opportunities to enter the Turkish market, Chairman of the Board of the International Association of Turkish and Ukrainian Businessmen (TUİD) Burak Pehlivan said.
“Salateira … made the decision to make its first investment in Turkey. It was interesting to hear from Alexander Savilov, founding partner of Saleteria, about the company’s ten-year journey of success, and to assess with him why and how they want to enter the Turkish market,” he wrote on Linkedin.
Alexander Savilov, co-founder of the Salateira salad bar network, noted in the comments to the post that they are currently looking for a partner in Turkey.
Salateira is an international fast healthy chain with the principle of free choice of ingredients. According to the site, the network includes 20 restaurants in Kyiv, Dnipro and Odessa, as well as 5 abroad – in Minsk (Belarus).
Turkish President Recep Tayyip Erdogan is aiming to achieve the signing of an agreement on Ukrainian grain this week, Western media reported on Wednesday.
“As a result of the talks in Istanbul last week, an agreement was reached on the general outlines of the process within the framework of the UN plan. Now we want to consolidate this agreement by signing the document,” Erdogan said. He expressed the hope that the plan will begin to be implemented in the coming days.
At last week’s talks between Russia, Turkey, the UN and Ukraine on the export of Ukrainian grain, the participants agreed to establish a coordination center in Istanbul and reached an agreement on a system of joint grain control in ports.
The Ministry of Education and Science warns applicants against using fake accounts on social networks to obtain information about the admissions campaign.
“Recently, several telegram channels and Facebook pages have appeared, partially or completely using the official graphics of the brand book of the Ministry of Education and Science of Ukraine to illustrate their messages. The content of these messages does not correspond to reality, contains manipulations or deliberately distorted information,” the press service of the ministry said in a statement.
In this connection, the department draws the attention of applicants, the media and all interested parties, that reliable information on the admissions campaign in 2022 is posted on the official websites of the Ministry of Education, the Unified State Electronic Database for Education (USEDEB), the Ukrainian Center for Educational Quality Assessment (UTSOKO) , State Enterprise “Inforesurs”, Ukrainian State Center for International Education (UGTSMO) and on their verified pages in social networks.
“For example, the Vstup Info telegram channel uses the MON logo and positions itself as the only channel about entry, but in fact this channel has nothing to do with the Ministry,” the message says.
The ministry also cited signs that will help you quickly understand that fake content is being published under the guise of the supposedly official position of the Ministry of Education.
In particular, among them: the MON logo was completely or partially falsified; only part of the official letter, without signature, date and QR code; links to unofficial resources (mainly other telegram channels); official logos of the Ministry of Education and Science in the texts of messages related to the competencies of other state institutions; information with terms that are not used by MES in official documents; MON logo for the announcement of webinars and online conferences for advanced training of teachers, where it is worth paying for a certificate.
