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Latest Updates

News

Russia’s VEB.RF Group plans to widen its Indian footprint as Moscow seeks smoother access for Russian firms operating in the country.

Saudi Arabia grants Azimuth Airlines licence for scheduled flights from three Russian cities to Jeddah and Riyadh, following visa exemption agreement signed between the two countries.

The European Commission will invoke “emergency powers” to raise up to €210bn for Ukraine using frozen Russian state assets, in a move that could bypass the need for unanimous approval by member states and sidestep potential vetoes.

Billionaire ANO leader says he will place shares in food and agro-chemical conglomerate Agrofert into a blind trust, as he prepares to become Czechia's new prime minister.

Complex to include theme park, shopping mall and hotels, and will have its own metaverse and DraculaCoin digital coin.

Tech

A surge in spending linked to artificial intelligence is expected to underpin earnings for South Korea’s major memory chipmakers next year, helped by strengthening demand for server-related components.

Russia restricts Apple FaceTime citing terrorism concerns, following August blocks on WhatsApp and Telegram voice calls as Moscow tightens control over foreign communications platforms.

Iraq has sounded the alarm over a sharp rise in digital risks facing children, warning that the rapid spread of smartphones and internet access among young age groups is outpacing the country’s protection mechanisms.

Years of delays previously that left Serbia trailing its Central and Eastern European peers in next-generation connectivity.

Listing preparations launched amid growing interest in regional technology issuers on the AeRO market, which has attracted several Romanian companies active in software, automation and digital services.

Opinion

Mongolia has faced several major crises over the past five years. It has survived and has adapted to some or is in the process of adapting to others. Today, the country is more stable, politically and economically, than it has been for a long time.

Excuse my French but the EC’s push to assure Ukraine’s financing, and to keep it in the war, despite the US pulling back, is turning into a bit of a shit show.

In FY2024-25 Russia's bilateral trade with India was propelled almost entirely by New Delhi's voracious appetite for discounted Russian crude

Brussels increased focus on Ukraine, Moldova and the Western Balkans while scaling back engagement in other regions, says new analysis by Carnegie Europe.

Speculation grows, meanwhile, power struggle between leader and “people’s general” Tashiyev is ahead.

Data

As Beijing makes steady inroads in other areas.

Growth in new work eases further in November.

According to domestic financial outlets, the dollar traded at IRR 1,206,600, marking a 1.4% daily jump, while the UAE dirham crossed the IRR 330,000 threshold for the first time on record

Another eyebrow-raiser from stats body TUIK.

Russia’s services economy registered a modest expansion in November, according to new survey data from S&P Global, even as the broader private sector showed signs of stagnation.

Features

Electricity is becoming the most important source of energy, but the International Energy Agency warned that the world is entering a period of heightened energy insecurity marked by geopolitical volatility, rising demand, and an oil glut.

Civil unrest risks have risen sharply amid mounting political instability, simmering corruption allegations and inflation-linked discontent, according to Verisk Maplecroft.

Iraq identifies militia elements behind 11th drone attack on Khor Mor gas field, with $7.41mn daily losses as authorities issue arrest warrants but decline to publicly name responsible group.

Beijing, among others, wants answers.

De-dollarisation is gathering momentum, but the process of switching to settling global trade in multiple currencies is going at a glacial pace. The problem is that once glaciers start moving, they are impossible to stop.

Blogs

Russian President Vladimir Putin seems to be having a good time in India on what is turning into an annual state visit to talk shop. There is a lot on the agenda. The short-term stuff involves security, oil and the ruble-rupee exchange problems.

This is the most concerted effort to end the war in Ukraine since the failed Istanbul peace deal in 2022. But after the initial optimism, the chance of a deal going through are fading.

Bloomberg scored a major scoop yesterday, publishing transcripts of conversations between US Special Envoy to the Middle East Steve Witkoff and Yuri Ushakov, Putin’s top foreign policy advisor, and Russian envoy Kirill Dmitriev

President blames everything under the sun for crisis except for his long years of economic destruction.

Most of the anglophone coverage of the US 28-point peace plan has been negative, suggesting it is nothing more than a capitulation to Russian aggression. But Russia did make some concessions. Zelenskiy should take the deal.

bneGREEN

While the humanitarian toll is devastating, the overall financial impact on the region is forecast to be relatively contained, primarily because the major industrial and commercial heartlands were largely spared from the worst destruction.

Environmental crime has become one of the fastest-growing illicit economies in the Western Balkans, according to a new report by the Global Initiative Against Transnational Organized Crime.

Fokker Next Gen Latvia planned to develop a hydrogen-fuelled passenger aircraft with a range of up to 2,500 km.

Europe is turning into an underground desert as groundwater reserves are severely depleted due to intensifying climate impacts and long-term overextraction, according to a new study reported by The Guardian on November 29.

Tehran lifts air pollution emergency as conditions improve, with schools and offices resuming normal operations Wednesday after week-long crisis that forced closures across the Iranian capital.

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