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☆ In the ultimate irony, Russia's obsession with Ukraine may have weakened its power over its other neighbors
▼ + stars: | 2023-10-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Russian President Vladimir Putin speaks during a press conference at the Commonwealth of Independent States' head of states meeting on Oct. 13, 2023, in Bishkek, Kyrgyzstan. This pool photograph distributed by Russian state owned agency Sputnik shows Russia's President Vladimir Putin and his Kyrgyz counterpart Sadyr Japarov attending a welcoming ceremony prior to their talks in Bishkek on October 12, 2023. In fact, she said, Kyiv's resistance highlighted to Russia's neighbors and partners that "Russian power is a bubble with only a nuclear button in its center." Russian President Vladimir Putin enters the hall during Russian-Uzbek talks at the Grand Kremlin Palace on Oct. 6, 2023. So it's fair to say that if you do not control Ukraine, you do not control the post-Soviet space," he told CNBC.

Persons: Vladimir Putin, —, Georgia —, It's, Emmanuel Dunand, Sadyr Japarov, Sergei Karpukhin, Vladimir Putin's, Dmitry Peskov, Peskov, Vira Konstantinova, Vladimir Milov, Putin, Milov, Milov —, — Putin, Igor Semivolos, Ilham Aliyev Organizations: Commonwealth of Independent States, Getty, Afp, Azerbaijan, Sputnik, Kyrgyz, AFP, CNBC, Russian, West, Center for Middle East Studies, Anadolu Agency Locations: Bishkek, Kyrgyzstan, Ukraine, Moscow, Soviet Union, South Caucasus, Armenia, Azerbaijan, Georgia, Belarus, Kazakhstan, Russia, Karabakh, Lachin, Nagorno, Kyiv, Transnistria, Moldova, Abkhazia, South Ossetia, USA, Turkey, Baku

☆ Russian war economy is overheating on a powder keg
▼ + stars: | 2023-10-25 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

LONDON, Oct 25 (Reuters Breakingviews) - His war on Ukraine may not be unfolding according to plan, but President Vladimir Putin can still claim that the Russian economy is performing, as he says, “better than previously expected”. This kind of understatement is unusual for the Kremlin leader: with a tight labour market and inflation showing no signs of abating, the Russian economy is in fact overheating. And these are conservative numbers, because other types of war spending – such as new construction in the occupied territories – are hidden in other sections of the budget. The Russian currency is down 30% since its January high. Follow @pierrebri on XCONTEXT NEWSThe Russian economy will grow by 2.2% in 2023, the International Monetary Fund said in its October World Economic Outlook.

Persons: Vladimir Putin, “, Putin, Alexandra Prokopenko, Yevgeny Prigozhin, Wagner, Francesco Guerrera, Streisand Neto, Thomas Shum Organizations: Reuters, Kremlin, International Monetary, Bank of Russia, Reuters Graphics Reuters, Bank of, Danone, Carlsberg, International Monetary Fund, Thomson Locations: Ukraine, Russian, Russia, –, Moscow, Europe, Lithuania, microchips, Kazakhstan, Bank of Russia, United States, China, U.S, Beijing

☆ The Netherlands named the best place to retire — here's how other countries compare
▼ + stars: | 2023-10-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Retirement income systems vary in different countries, and the U.S. does not come out on top. The additional concerns make one thing even more important: retirement income systems. They have some of the strongest retirement systems, according to the Mercer CFA Institute Global Pension Index for 2023, which was published Tuesday. A total of 47 different retirement systems were assessed in the report. Retirement systems in the latter have "major weaknesses," the report said.

Organizations: Mercer CFA, Global, U.S Locations: U.S, Netherlands, Iceland, Denmark, Israel, Kazakhstan, Colombia, France, Spain, Canada , New Zealand, Germany, Mexico, Indonesia, South Africa, Thailand, Turkey, India, Philippines, Argentina

☆ Russia makes up 40% of Indian oil imports, dents OPEC's share
▼ + stars: | 2023-10-20 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

Russia was the top oil supplier to India in April to September, followed by Iraq and Saudi Arabia. India's imports from Iraq and Saudi Arabia fell by 12% and about 23% to 928,000 bpd and 607,500 bpd, respectively, during the April-September period, the data showed. Imports from the Middle East in April-September declined by about 28% to 1.97 million bpd, dragging down the region's share in India's overall oil imports to 44% from 60% during the same year-ago period. India's oil imports from various regionsLower purchases from the Middle East dragged down the share of OPEC in India's overall imports to the lowest in 22 years. India's oil imports Opec's share of India's oil imports drop to record lowReporting by Nidhi Verma; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Nidhi Verma, Miral Organizations: Saudi, Imports, Commonwealth of Independent States, CIS, Organization of, Petroleum, Thomson Locations: DELHI, India, Moscow, Ukraine, Middle, Russia, Iraq, Saudi Arabia, Azerbaijan, Kazakhstan, East, Africa

☆ Russian e-commerce firm Ozon notifies Nasdaq of delisting intention
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

A view shows the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. But trading in Ozon's securities on Nasdaq was suspended soon after Russia despatched troops to Ukraine in February 2022, as were listings of Russian companies on the London Stock Exchange. "We have no reason to believe that trading of Ozon's ADSs on Nasdaq will resume. This step is aimed at reducing costs associated with providing reports to the U.S. Securities and Exchange Commission's standards." Ozon said it planned to file for voluntary delisting by Oct. 30, and that the delisting would not affect its operations.

Persons: Evgenia, Ozon, Ozon's ADSs, Olga Popova, Alexander Marrow, Kevin Liffey Organizations: REUTERS, Nasdaq, London Stock Exchange, U.S . Securities, Exchange, Kazakhstan's Astana International Exchange, Thomson Locations: Moscow, Russia, Ukraine MOSCOW, Ukraine

☆ Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: +3 min

Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran's call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally. Oil prices climbed about 2% in the previous session on concerns about disruptions to global supplies after Iran called for an oil embargo on Israel over the conflict in Gaza and after the U.S., the world's biggest oil consumer, reported a larger-than-expected inventory draw, adding to already tight supplies. Venezuela's oil flows could help to ease global oil prices, up amid the Israel-Hamas conflict, sanctions on Russia and OPEC+ decisions to reduce output, but Venezuela needs investments to boost output following years of sanctions. Distillate fuel stockpiles fell by 3.2 million barrels in the week to Oct. 13 to 113.8 million barrels, EIA data showed. Crude inventories fell by 4.5 million barrels to 419.7 million barrels, while gasoline fell by 2.4 million barrels to 223.3 million barrels.

Persons: WTI Organizations: OPEC, Brent, . West Texas, of, Petroleum, Iran's, RBC Capital Markets, Citi, United, Venezuelan, Energy Information Administration, Reuters Locations: Cushing , Oklahoma, Israel, United States, Venezuela, Iran, Gaza, U.S, Kazakhstan, Azerbaijan, Iraq, Russia, OPEC

☆ Iran’s Call for Oil Embargo on Israel Roils Markets
▼ + stars: | 2023-10-18 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: 1 min

The prospect of an oil embargo arising from the conflict between Israel and militant groups contributed to a sharp but brief jolt in oil prices on Wednesday. Iran’s foreign minister, Hossein Amir-Abdollahian, called for Islamic countries to boycott Israel, including stopping oil shipments, according to Iranian media. He was speaking at a meeting of the Organization of Islamic Cooperation in Jeddah, Saudi Arabia. Although Israel imports nearly all its oil, analysts said that such an embargo would probably have little immediate impact, because the country does not buy oil from major Persian Gulf producers like Saudi Arabia and the United Arab Emirates or Iran. Instead, Kazakhstan, where oil is mostly produced by joint ventures involving Western companies including Chevron and Exxon Mobil, and Azerbaijan are among Israel’s biggest suppliers.

Persons: Hossein Amir Organizations: Israel, of Islamic Cooperation, United Arab, Chevron, Exxon Mobil Locations: Israel, Jeddah, Saudi Arabia, Gulf, United Arab Emirates, Iran, Kazakhstan, Azerbaijan, Nigeria

BEIJING (AP) — China's Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns. Called “One Belt, One Road” in Chinese, the Belt and Road Initiative started as a program for Chinese companies to build transportation, energy and other infrastructure overseas funded by Chinese development bank loans. China became a major financer of development projects under BRI, on par with the World Bank. Chinese development banks provided money for the BRI projects as loans, and some governments have been unable to pay them back. Now, having learned the hard way through defaults, China development banks are pulling back.

Persons: Xi Jinping's, Xi, “, Alessia Amighini, Kevin Gallagher, Sri Lanka, Christoph Nedopil, Nedopil, Colleen Barry Organizations: BEIJING, Initiative, Silk, Italy, World Bank, Boston University Global Development Policy Center, U.S, Export, Import Bank of, Asia Institute, Griffith University, Associated Press Locations: Beijing, Africa, Asia, Latin America, China, Europe, Kazakhstan, Indonesia, Kenya, Laos, Pakistan, Italy, “ Italy, Sri Lankan, Zambia, Sri, Import Bank of China, Australia, BRI, Hungary, Milan

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Such Western doubts have coincided with Xi's assertive leadership and a deterioration in ties over trade, human rights, COVID-19 and Taiwan. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

Persons: Joko Widodo, Ken Ishii, Putin, Orban, Britain's, Viktor Orban, Russia's Vladimir Putin, Xi, Jinping, Matthew Erie, they've, Raffaello Pantucci, Ruby Osman, Tony Blair, Osman, Wang Huiyao, Wang, Joyce Zhou, Vineet Sachdev, Antoni Slodkowski, Don Durfee, Robert Birsel Organizations: Beijing Capital International Airport, Forum, REUTERS Acquire, Initiative, University of Oxford, Reuters, Washington, American Enterprise Institute, S.Rajaratnam School of International Studies, Tony, Tony Blair Institute for Global, Global Development Initiative, Monetary Fund, Sri, Center for, Thomson Locations: Beijing, China, Italy, Xi's, BEIJING, Western Europe, EU, Taiwan, United States, Ukraine, Erie, CHINA, America, Africa, Russia, Kazakhstan, Congo, Singapore, China's, Argentina, Sri Lanka, Zambia, Center for China

☆ Sam Bankman-Fried's lieutenant Nishad Singh said he was embarrassed by 'flashy' FTX spending
▼ + stars: | 2023-10-16 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Singh testified at Bankman-Fried's trial that his concerns were almost always rebuffed. In Manhattan federal court Monday, Singh testified about how he frequently questioned and pushed back against Bankman-Fried's spending sprees and investment decisions — and was almost always rebuffed. "I would hear that my opinions were already factored in, and I didn't need to continue sharing them," Singh testified. Singh testified that he came to know Bankman-Fried through a friendship with the FTX founder's younger brother, Gabe Bankman-Fried. Infighting over expensesThe pair often disagreed on money, Singh testified.

Persons: Nishad Singh, Sam Bankman, Singh, —, Fried, Bill Clinton, Tony Blair, spender, Caroline Ellison, Gary Wang, Gabe Bankman, FTX, SBF, I've, Sam, Tom Brady, Gisele Bündchen, Steph Curry, Kevin O'Leary, Larry David, Jon Kopaloff, Fatih Aktas, Getty Images Singh, Michael Kives, Hillary Clinton, Katy Perry, Orlando Bloom, Ted Sarandos, Jeff Bezos, Kate Hudson, Leonardo DiCaprio, Corey Gamble, Kendall Jenner, Singh wasn't, Kris Organizations: Service, Bankman, Alameda, US Securities and Exchange Commission, University of California, Facebook, Engineering, Sequoia Capital, Yuga, Miami, Major League Baseball, of Legends, Getty Images, Anadolu Agency, K5 Global Locations: Bankman, FTX, Manhattan, Berkeley, Alameda, Bahamas, Kazakhstan, Albany

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. Wang Huiyao, president of the Center for China and Globalization think tank, said the BRI had "greatly pushed forward global awareness about the infrastructure deficit". "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

☆ Berardi helps Italy thrash Malta, Hungary, Denmark also win on road to Euros
▼ + stars: | 2023-10-14 | by ( Tommy Lund | ) www.reuters.com time to read: +3 min

Italy's win leaves them in second place ahead on goal difference of Ukraine, who won 2-0 against North Macedonia. Both teams have 10 points but Italy have a match in hand on all their group rivals except England, who top the group with 13 points. Hungary remain top of Group G after beating second-placed Serbia 2-1, with all the goals coming in the first half. Hungary have 13 points, three points above Serbia with a game in hand. They are level on 16 points with second-placed Denmark, who won 3-1 at home to Kazakhstan.

Persons: Domenico Berardi, Luciano Spalletti's, Ciro, Lorenzo Pellegrini, Mateo Retegui, Federico Chiesa, Sandro Tonali, Nicolo Zaniolo, Italy's, Giacomo Bonaventura, Bonaventura, Davide Frattesi, Spalletti, Gareth Southgate's, Benjamin Sesko, Erik Janza, Tommy Lund, Anita Kobylinska, Ken Ferris Organizations: Malta, Italy, Stadio San Nicola, North, Sky Sports, RAI Sport, England, Wembley, H, Slovenia, Thomson Locations: Italy, Hungary, Germany Slovenia, Denmark, England, Slovenia, Bari, Malta, Germany, Turin, Ukraine, North Macedonia, ENGLAND, Serbia, Lithuania, Finland, Kazakhstan, Gdansk

☆ Palestinian President Abbas condemns violence against civilians
▼ + stars: | 2023-10-12 | by ( Ali Sawafta | ) www.reuters.com time to read: +3 min

Russia's President Vladimir Putin and Palestinian President Mahmoud Abbas meet on the sidelines of the 6th summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA), in Astana, Kazakhstan October 13, 2022. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS/File Photo Acquire Licensing RightsRAMALLAH, Oct 12 (Reuters) - Palestinian President Mahmoud Abbas condemned violence against civilians on Thursday in the wake of the devastating attack by Hamas gunmen on Israel and the relentless bombardment of the Gaza Strip by Israeli jets that followed. "We reject the practices of killing civilians or abusing them on both sides because they contravene morals, religion and international law," the official Palestinian news agency Wafa quoted Abbas as saying. Earlier, Israeli settlers in the West Bank killed two Palestinians when they opened fire on a funeral procession. A 37-year-old woman was also killed when she was shot by security forces near Ramallah, the main city in the West bank, according to Palestinian health services.

Persons: Vladimir Putin, Mahmoud Abbas, Vyacheslav Prokofyev, Antony Blinken, Abbas, Wafa, Blinken, Israel, Fatah, Ali Sawafta, James Mackenzie, Mark Heinrich, Jonathan Oatis Organizations: Sputnik, U.S, Palestinian Authority, West Bank, Thomson Locations: Asia, Astana, Kazakhstan, RAMALLAH, Israel, Gaza, Jordan, East Jerusalem, Al Aqsa, Jerusalem, Old City, Palestinian, Ramallah, West

☆ The world will pay a high price if China cuts off supplies of chipmaking materials
▼ + stars: | 2023-10-11 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Last year, it accounted for 98% of the global production of gallium and 68% of refined germanium production, according to the US Geological Survey (USGS). “Refining technologies and facilities for processing gallium and germanium cannot be built overnight, particularly considering the environmental implications of their extraction and mining,” she wrote in July. Analysts from the think tank said China’s leading position in the aluminum industry has allowed it to establish a dominant share of global gallium production. According to the USGS, Russia, Japan, and Korea produced a combined 1.8% of global gallium in 2022. Last year, the US Defense logistics Agency introduced a program to recycle optical-grade germanium used in weapon systems.

Persons: Hong Kong CNN —, ”, Xiaomeng Lu, Marina Zhang, Zhang, Ewa Manthey, haven’t, Chris Miller, Gregory Allen, Nyrstar, ” Lu, Manthey Organizations: Hong Kong CNN, geotechnology, Eurasia Group, China, Geological Survey, University of Technology, “, ING Group, Center for Strategic, International Studies, Washington, Analysts, Corporation, CNN, Global, Wadhwani Center, AI, Technologies, CSIS, Rostec, Reuters, US Defense, Agency, Commerce Ministry Locations: China, Hong Kong, Beijing, United States, Europe, Japan, University of Technology Sydney, Kazakhstan, Hungary, Germany, Russia, Korea, Teck, American, Netherlands, Australia, ” Lu, Eurasia, Canada

☆ Governments repatriate citizens from Israel
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +10 min

REUTERS/Pilar Olivares Acquire Licensing RightsOct 12 (Reuters) - Governments around the world have arranged repatriation flights from Tel Aviv in reaction to the conflict in Israel. AUSTRALIAAustralia organised two special flights on Friday and Sunday to bring back citizens from Israel, Prime Minister Anthony Albanese said on Wednesday. CANADACanada plans to operate evacuation flights for Canadians stranded in Israel, Foreign Minister Melanie Joly said on Tuesday. ITALYItaly arranged for seven flights between Tuesday and Wednesday, the Italian foreign ministry said late on Tuesday, as part of efforts to repatriate about 900 Italian citizens from Israel. On Wednesday, Portugal had repatriated 152 Portuguese citizens directly from Israel, plus 14 citizens from other European countries.

Persons: Roseli Pereira, Pilar Olivares, Anthony Albanese, Alexander De Croo, Melanie Joly, Jan Lipavsky, Lipavsky, Elina Valtonen, Catherine Colonna, Annalena Baerbock, Andres Manuel Lopez Obrador, Andrzej Duda, Mariusz Blaszczak, Margarita Robles, Tobias Billstrom, Srettha Thavisin, Oleg Nikolenko, Nikolenko, Alessandro Parodi, Tristan Chabba, Joao Manuel Mauricio, Barbara Lewis Organizations: Rio de, REUTERS, Argentinian, AUSTRALIA Australia, Spanish Air Force, Foreign, CANADA Canada, Centre for Israel, Jewish Affairs, Boeing, Foreign Ministry, European Union, Aviation, CZECH REPUBLIC Czech, Wednesday, Reuters, French Foreign, France, Condor, German Foreign Ministry, Icelandic Ministry of Foreign Affairs, Israel . KAZAKHSTAN Air Astana, Astana Times, Norwegian Air, Sunday . Defence, Ben Gurion, SOUTH, Incheon Airport, Korean, Acting, Airbus, SWISS, THAILAND, Dutch Ministry of Foreign Affairs, Airline KLM, Facebook, Romania, UNITED, UNITED STATES, U.S . State Department, . Delta Air Lines, U.S, Thomson Locations: Israel, Brazil, Tel Aviv, ARGENTINA, Rome, Argentina, AUSTRALIA, AUSTRIA Austria, Hörsching, Upper Austria, Cyprus, BELGIUM Belgium, BOLIVIA, BRAZIL, Brasilia, Embassy of Brazil, CHILE, Athens, Madrid, COLOMBIA, CYPRUS, Cypriot, CZECH REPUBLIC, Czech, Oman, Prague, DENMARK, Danish, FINLAND Finland, FRANCE France, Israel's Tel Aviv, Paris, GERMANY German, Jordanian, Aqaba, ICELAND, Germany, Keflavík, Iceland, Icelandic, ITALY Italy, Almaty, MEXICO, Oslo, POLAND Poland, Polish, Poland, Ben, Ben Gurion Airport, PORTUGAL, Portuguese, Lisbon, Portugal, SOUTH KOREA, Seoul, KS, SPAIN Spain, Spain, Torrejon, SWEDEN, Swedish, SWITZERLAND Swiss, Zurich, Bern, NETHERLANDS, Netherlands, UKRAINE Ukrainian, Gaza, Europe, U.S, Gdansk

[1/8] Asian Games - Hangzhou 2022 - Closing Ceremony - Hangzhou Olympic Sports Centre Stadium, Hangzhou, China - October 8, 2023 A view of the handover ceremony at the closing ceremony REUTERS/Marko Djurica Acquire Licensing RightsHANGZHOU, China, Oct 8 (Reuters) - China's eastern city of Hangzhou rounded off the 19th Asian Games on Sunday with a colourful and "joy"-themed closing ceremony after hosting the continental sporting extravaganza which organisers hailed as "one of the finest" ever. Taking place amid tight security the less-than two hour ceremony also included a handover to the hosts of the next Asian Games in 2026, the Japanese city Nagoya. The hosts' 201st gold left them two better than their previous best of 199 at the 2010 Guangzhou Asian Games. Organisers said 12,407 athletes from 45 nations competed in 40 sports at the Hangzhou Games, which were delayed for a year due to COVID-19. "We have hosted the most successful Asian Games in history" said Chen Weiqiang, Executive Secretary General of the Hangzhou Asian Games Organising Committee and vice-mayor of Hangzhou.

Persons: Marko Djurica, Li Qiang, jigged, Takashi Kawamura, Randhir Singh, Gu Shiau, Kazakhstan's Moldir, Chen Weiqiang, WADA, Martin Quin Pollard, Ian Ransom, Christian Schmollinger, Toby Chopra, Christian Radnedge Organizations: Hangzhou Olympic Sports Centre, Rights, Games, Nagoya, Mainichi, Olympic Council of Asia, energised, Bangkok Games, Hangzhou Games, Hangzhou Asian Games, Doping Agency, Olympic, Paralympic Games, Olympic Council of, OCA Locations: Hangzhou, China, Rights HANGZHOU, Nagoya, Nanjing, Aichi, Guangzhou, Jakarta, Japan, Macau, North, Korea, Olympic Council of Asia

Rebeca Andrade of Brazil denied Biles a 22nd world title by winning the vault competition ahead of the American superstar. Biles' second vault was an excellent Cheng to finish with a combined score of 14.549. Andrade was nearly flawless to snatch the gold medal by a margin of 0.201 points. Asked whether she would try the Yurchenko double pike in competition, Andrade said it would be a “crazy” thing to do. Olympic champion Artem Dolgopyat of Israel won the floor title with 14.866 points ahead of Kazuki Minami of Japan.

Persons: Simone Biles, Biles, Rebeca Andrade, Cheng, Andrade, Yeo Seo, jeong, Laurent Landi, Andrade —, Shilese Jones, Qiu Qiyuan, Kaylia, Rhys McClenaghan, Ahmad Abu Al, Soud, Young, Artem Dolgopyat, Kazuki Minami, Milad, ___ Organizations: Biles, U.S, Tokyo, U.S men's, Israel Locations: ANTWERP, Belgium, Brazil, South Korea, China, Algeria, U.S, Belgian, Biles, Khoi, United States, Japan, Kazakhstan

☆ Russia starts gas supplies to Uzbekistan via Kazakhstan
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

[1/3] Russian President Vladimir Putin listens to Kazakh President Kassym-Jomart Tokayev during a meeting at the Novo-Ogaryovo state residence outside Moscow, Russia October 7, 2023. Sputnik/Pavel Bednyakov/Kremlin via REUTERS Acquire Licensing RightsOct 7 (Reuters) - Russia on Saturday started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV. Under a two-year deal signed with Russia's Gazprom (GAZP.MM), Uzbekistan will import 9 million cubic metres of Russian natural gas per day. It is the first time Uzbekistan, which is a producer and exporter itself, is importing gas from Russia. "Russia confirms its status as a reliable gas supplier and is open to cooperation in this area," Russian president Vladimir Putin said during the ceremony in Moscow.

Persons: Vladimir Putin, Kassym, Pavel Bednyakov, Clelia Organizations: Sputnik, REUTERS Acquire, Saturday, Russia's Gazprom, Thomson Locations: Moscow, Russia, Kremlin, Uzbekistan, Kazakhstan, Ukraine, Nord, Europe

☆ Andrade wins vault gold, Biles wins silver despite fall at Worlds
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +3 min

Biles won her 21st World Championships gold medal in Friday's all-around event, with Andrade, the reigning champion, finishing second. But the order was reversed on Saturday as a near flawless Andrade won by a margin of 0.201 points. Algeria's Kaylia Nemour took the silver while American Shilese Jones took the bronze medal. Qiu scored a total of 15.100 points to claim the gold medal. Ahmad Abu Al Soud of Jordan took the bronze medal but missed out on automatic Olympic qualification.

Persons: Brazil's Rebeca Andrade, Yves Herman Acquire, Rebeca Andrade, Simone Biles, Biles, Andrade, Simone, Qiu, Kaylia Nemour, Shilese Jones, MCCLENAGHAN, Ireland's Rhys McClenaghan, Young, Ahmad Abu Al Soud, Jordan, Max Whitlock, Israel's Artem Dolgopyat, Kazuki Minami, Milad Karimi, Yang Liu of, Eleftherios Petrounias, Hao, Trevor Stynes, Toby Davis Organizations: Rights, American, Kazakhstan, Thomson Locations: Antwerp, Belgium, Rights ANTWERP, Friday's, China, American, British, Yang Liu of China, Greece

☆ 'There's no greater canary in the coal mine': Renowned energy analyst Paul Sankey shares why oil prices will continue to nosedive — and 4 stocks that can hold up anyway
▼ + stars: | 2023-10-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.

Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio

☆ Russia is using bags of cash and diamonds to avoid sanctions and fund its weapons program, expert says
▼ + stars: | 2023-10-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Russia is using illicit cash channels to fund covert activities, analysts say. Kremlin is exploiting gaps in sanctions laws, but also using older methods like cash and diamonds. AdvertisementAdvertisementRussia is using covert financial networks to fund its purchases of banned weapons technology, getting round Western sanctions in the process, analysts told Insider. That money, he said, is then placed in accounts in countries such as Turkey and the UAE, where western sanctions are not closely enforced. Under Western sanctions, banks must investigate suspicious transactions to make sure they're not being used to circumvent sanctions.

Persons: —, Pavlo Verkhniatskyi, Verkhniatskyi, Banks, David Lewis, Russia Verkhniatskyi, FATF Organizations: Service, International, University of Exeter, Force Locations: Russia, Ukraine, Russian, Turkey, UAE, Kazakhstan, Armenia, North Korea, Iran, Myanmar

☆ Kazakh's fintech Freedom is being investigated by US SEC, DOJ - CNBC
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. The SEC's Boston regional office has been probing Freedom for months, the report said, citing documents seen by CNBC and people familiar with the matter. The allegations in the Hindenburg report are without merit, Freedom had said then. The U.S. Attorney's Office for Massachusetts is also making preliminary inquiries into Freedom, the CNBC report added. The SEC declined to comment on the existence or nonexistence of a possible investigation, whereas the Department of Justice and Freedom did not immediately respond to Reuters requests for comment.

Persons: Jim Bourg, Freedom, Hindenburg, Jaiveer Singh, Shinjini Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, U.S . Department of Justice, Securities, Exchange, CNBC, Boston, Attorney's, Massachusetts, Department of Justice, Thomson Locations: Washington, Kazakhstan, U.S, Bengaluru

☆ Kazakh fintech Freedom Holding is being investigated by DOJ, SEC, documents show
▼ + stars: | 2023-10-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

The SEC's Boston regional office has been probing Freedom for months, according to documents seen by CNBC and people familiar with the matter. The U.S. Attorney's Office for Massachusetts is also making preliminary inquiries into Freedom, documents seen by CNBC show. Nearly 115,000 Freedom shares changed hands in the first half hour of trading, 1.25 times the stock's 10-day average. Turlov and Freedom are aware of the SEC probe, which has been going on for months, a person familiar with the matter told CNBC. An SEC spokesperson told CNBC that it doesn't comment on the existence or nonexistence of an investigation.

Persons: that's, Timur Turlov, Turlov, Hindenburg, Citron Organizations: Nasdaq, Securities, Exchange, CNBC, Boston, Attorney's, Massachusetts, SEC, DOJ, Justice, Hindenburg, Citron Research, Las, Trump, Financial, Financial Industry, Authority, Freedom Locations: Almaty, Kazakhstan, Russian, U.S, Kazakh, Central Asia, Eastern Europe, New York, Las Vegas, New

☆ Exclusive: Russia’s Lukoil lends Socar $1.5 billion in deal to supply its Turkish STAR refinery
▼ + stars: | 2023-10-05 | by ( Dmitry Zhdannikov | ) www.reuters.com time to read: +3 min

A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Turkey has not imposed sanctions on Russia and continues to import Russian oil and gas. The STAR refinery, however, had to cut Russian crude imports this summer due to complications arising from international financial restrictions on business with Moscow. Neither Lukoil, Socar nor STAR responded to requests for comment. Since cutting imports of Russian oil, it has relied on Kazakh, West African and Iraqi oil grades, according to LSEG data.

Persons: Lukoil, Celeste, Ocean Faye, Socar, Dmitry Zhdannikov, Nailia Bagirova, Kirsten Donovan Organizations: REUTERS, Turkish STAR, Moscow, STAR, Fidelity, Thomson Locations: Volgograd, Russia, Ukraine, MOSCOW, Russian, Turkish, Turkey, Moscow, Urals, Primorsk, Bulgaria, Romania, Dubai, Geneva, Kirkuk, Kazakh, West African, LONDON

☆ ATP roundup: Sebastian Korda reaches Astana final
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

5 seed Sebastian Korda rallied to reach the Astana Open final and will battle No. Korda outlasted Serbia's Hamad Medjedovic 6-7 (8), 7-6 (2), 7-6 (3) in 2 hours and 49 minutes during Monday's first semifinal. Korda (18 aces) and Medjedovic (16) both held serve throughout the match, with the American finishing with a 122-112 edge in total points won. Standing in the way of Korda's second ATP title is Mannarino, a three-time tour winner who converted all four of his break points and breezed to a 6-4, 6-2 win against Austria's Sebastian Ofner on Monday. 1 Carlos Alcaraz of Spain advanced to the semifinals in Beijing with a 6-4, 6-2 win against seventh-seeded Casper Ruud of Denmark.

Persons: Sebastian Korda, Adrian Mannarino of, Korda, Serbia's Hamad, Monday's, Austria's Sebastian Ofner, Carlos Alcaraz, Casper Ruud of Denmark, Alcaraz, Italy, Bulgaria's Grigor Dimitrov, Daniil Medvedev, Alexander Zverev, Zverev, Chile's Nicolas Jarry Organizations: Astana, ., Russia, Thomson Locations: Adrian Mannarino of France, Kazakhstan, Spain, Beijing, Germany

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