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Latest Updates

News

Astana trying to stay in Kremlin’s favour.

The appointment of Alexander Shokhin as Russia's new business ombudsman is more significant than the title suggests. Shokhin is not merely another bureaucrat; he has spent almost two decades as president of the Russian Union of Industrialists .

A Yemeni journalist argues Iran and Oman could legally charge navigation service fees for Strait of Hormuz passage under UN maritime law, a prospect he says has angered Washington.

As Europe hunts for a suitable mediator to negotiate a Ukraine war ceasefire deal with Russia, the Kremlin has ruled out any talks as Europe is party to the conflict, presidential spokesman Dmitry Peskov said on May 29.

The United States has extended by one month, to June 27, a licence allowing companies to continue discussions with Russia’s second-largest oil producer Lukoil (LKOH.MM) over the potential purchase of its overseas assets.

Tech

A small UK-registered biotech company believes it has found an Alzheimer's treatment that is safer, cheaper and more effective than anything currently on the market — and it has done so by revisiting a molecule first synthesised by Soviet chemists.

According to people familiar with the matter cited by the agency, the companies are examining plans to invest tens of millions of yen each, equivalent to several hundred thousand US dollars.

Sberbank negotiates purchase of Ozon stake, after VTB and fellow e-commerce platform Wildberries confirm partnership deal.

United Group founder and former CEO have launched legal proceedings against private equity firm BC Partners, seeking to block the planned sale of United's Southeast European media assets.

Argentina's government has sent to Congress a new investment incentive bill dubbed "Super RIGI", targeting projects worth at least $1bn in sectors including artificial intelligence, semiconductors and advanced biotechnology.

Opinion

Core tenet of German foreign policy means a public veneer of democratic solidarity, but a reality of accommodating strongmen.

Unfortunately, as per usual, the CHP does not appear to be living in the real world.

Ukrainian refugees are likely to remain in the European Union for years – and possibly permanently – even if the war with Russia ends, according to a new report by the Clingendael Institute.

Barring an exceptional turn of events, ‘Action man’ Ozel is too little too late. Democracy took a knife to the back long ago.

Kaja Kallas has done it again. The EU’s top foreign policy high representative called China a “cancer” that needs decisive treatment with chemotherapy rather than temporary relief with morphine.

Data

Data points to continued resilience in household consumption, although the pace of overall retail growth moderated significantly from the previous month.

Exports of $10bn and imports of $16.4bn produce trade deficit of $6.4bn.

MNB says global risks remain elevated due to energy and commodity price volatility and disruption in global supply chains.

The sector’s profitability indicators dropped to their lowest levels in four years, after remaining well above the average of other European banking systems in recent years.

Higher exports were partly offset by more expensive imports of natural gas and electricity, with the quarterly trade gap at 8.9% of GDP.

Features

The story of how a small brokerage firm transformed into a transnational financial ecosystem.

Europe debates new shape of enlargement as Ukraine and Western Balkan candidates push EU to rethink membership.

The United States intends to maintain tariffs on imports from both Mexico and Canada even after the USMCA is revamped, US Trade Representative Jamieson Greer confirmed on May 26.

The Indian ceramic and tiles industry, which maintains a deep trade link with the countries in the Middle East region, has been severely affected by the conflict involving the US, Israel and Iran.

There is a map that used to hang in the offices of Soviet central planners in Moscow, showing the five republics of Central Asia as a single administrative unit with all roads pointing to Moscow. Today the arrows point in all directions at once.

Blogs

Kyrgyzstan wants more infrastructure maintenance funds. Afghanistan is preparing to divert river flows for irrigation. Disagreements could mount.

Is Aleksandar Vučić finally running out of road? In Serbia, it is the question that follows every large protest.

EU sidelined as Washington warns over China and Russia's influence in new strategy document, while Xi Jinping honours Serbia’s president in Beijing.

New treaty amounts to de facto annexation of separatist Georgian republic, analysts and Georgian opposition figures say.

Venezuela has begun circulating draft regulations linked to its newly approved hydrocarbons law.

bneGREEN

Taiwan has struggled to secure LNG supplies through May and finalised contracts covering roughly half of June demand, but additional procurement costs are expected to reach into the billions of US dollars to complete.

The developer said all 42 turbines at the project’s second phase, the 583-MW Greater Changhua 4 wind farm, are now connected to Taipower’s grid and generating electricity.

Sunly has emerged as one of the Baltic region’s fastest-growing renewable energy developers, focusing on solar, wind and storage projects across the Baltics and Poland.

Korea Hydro & Nuclear Power is building a multi-tiered power network to secure national electricity supplies, the Gyeongbuk-based utility has announced.

When the lights went out across almost all of Spain and Portugal last year in one of the biggest blackouts since the war, experts quickly blamed the explosion of renewable generating capacity as the cause. They were partly right.

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