Tesla CEO Elon Musk has become the first person to surpass a net worth of $500 billion. His wealth briefly hit $500.1 billion Wednesday before edging down to just above $499 billion, according to the BBC. Musk’s wealth primarily rose from Tesla’s stock gains as he owns over 12% of…
AstraZeneca will list its shares on the New York Stock Exchange, while maintaining its UK headquarters, its main listing on the London Stock Exchange and its tax base, according to Euronews. The Anglo-Swedish pharmaceutical giant stated that it will replace its current American Depositary Receipts (ADRs) on Nasdaq with a…
The Kazakh startup Higgsfield AI has achieved unicorn status, surpassing a $1 billion valuation. Aleksandr Mashrabov, the company’s co-founder and former head of generative AI at Snap Inc., announced the milestone at Nazarbayev University, according to Digital Business. Higgsfield AI has generated more than $50 million in revenue, officially becoming…
Kazakhstan has authorized the industrial production of 218 hemp varieties originating from 20 countries, including Russia, the U.S., Canada and Ukraine. The country permits industrial cultivation of cannabis only for uses unrelated to producing or manufacturing narcotic drugs or psychotropic substances. The approved list includes varieties categorized by country of…
NephroPlus, an Indian chain of dialysis clinics specializing in treating patients with kidney failure, plans to invest $10 million to $15 million in projects in Kazakhstan, according to the country’s Foreign Ministry. The agreement was reached during a meeting with Kazakhstan’s ambassador to India, Azamat Yeskarayev. NephroPlus aims to launch…
SoftBank Group’s Vision Fund will reduce its global workforce by nearly 20% as it shifts its focus to large-scale artificial intelligence (AI) projects in the U.S. With over 300 employees, the fund confirmed these layoffs as part of a broader restructuring, according to Reuters. This restructuring follows Vision Fund’s strongest…
India’s Securities and Exchange Board (SEBI) has rejected allegations of stock manipulation and financial misconduct against the Adani Group, initially raised by U.S. short-seller Hindenburg Research in 2023, stating there is no evidence to support the claims, according to the BBC. SEBI stated that its investigation revealed no violations of…
In mid-August, Beijing hosted the 10th World Robot Conference, where Shenzhen-based UBtech showcased how humanoid robots can be applied in real-world industrial settings, according to Lianhe Zaobao. The company demonstrated robots that not only handle tasks like sorting, material transfer and quality checks, but can also swap out their own…
Gold prices surged to a new all-time high of $3,720 per ounce during trading on Sept. 16. Analysts caution, however, that despite the metal’s rapid rise, investors should weigh the risks before jumping in. The real value of goldIndependent financial analyst Aman Alimbayev noted that while gold has repeatedly set…
Pakistan-based Welt Konnect aims to establish a digital bank in Kazakhstan and participate in renewable energy and infrastructure projects, as revealed following a meeting between company executives and Kazakh Invest, the country’s investment promotion agency. The company also signaled interest in tourism, real estate, construction, and educational programs. Welt Konnect,…
Technology professional Akhmad Hanan is asking a critical question: Can China with its DeepSeek model bypass restrictions by innovating in software while building its own chip ecosystem? The country’s pioneering company in AI systems appears determined to prove it can. In late August, DeepSeek released version 3.1 of its large…
Microsoft and OpenAI are revising their partnership with a new non-binding agreement that could transform OpenAI from a nonprofit into a for-profit entity. This is a significant move as OpenAI seeks new funding and considers going public, according to Reuters. While both companies are keeping quiet about the money details,…
The U.S. Securities and Exchange Commission (SEC) has filed a motion to dismiss its case against Trevor Milton, founder and former CEO of electric and hydrogen truck maker Nikola, Reuters reported. The SEC filed the civil case in 2021, with Milton accused of misleading investors by overstating Nikola’s technology, including…
Albania has appointed a new «minister» to oversee public procurement. Unlike any predecessor, this official resists bribery, intimidation or favoritism because Diella, an artificial intelligence–powered bot, fills the role, The News Daily reported. Prime Minister Edi Rama, preparing to enter his fourth term, announced on Thursday that Diella — whose…
Oracle is on the verge of joining the trillion-dollar club as its stock surges, driven by soaring demand for cloud computing to support AI systems. The company’s market value is now $933 billion, after shares jumped 36% on Wednesday and continued to rise on Thursday, according to Reuters. The rally…
Europe’s carmakers face pressure from all sides: shrinking sales, rising energy costs and fierce international rivals. Mercedes-Benz boss Ole Källenius, who heads the European car industry association ACEA, warns that the EU’s green agenda risks undermining the auto industry unless it adopts a more pragmatic approach to reaching zero emissions.…
A clinical trial in the U.K. is evaluating a new blood test that could reshape how Alzheimer’s disease is diagnosed, according to The National. Participants showing early signs of dementia are being recruited through NHS memory clinics to evaluate the test’s effectiveness. Researchers expect to have conclusive results within the…
Gold surged to another record high on Wednesday, breaking through $3,500 an ounce as traders increasingly bet on the Fed cutting rates and worried about growing political and trade tensions, according to Reuters. The precious metal reached $3,546.99 before settling at $3,534.88. Furthermore, U.S. gold futures for December delivery climbed…
Anthropic, an artificial intelligence (AI) safety and research company founded by former OpenAI research executives including CEO Dario Amodei, reported closing a $13 billion funding round on Sept. 2, according to CNBC. The company’s valuation rose to $183 billion, marking nearly a threefold increase since its previous raise in March…
Fall traditionally revives financial markets: the companies publish financial reports, investors revise their portfolios and stock prices gain fresh momentum. Analysts at Freedom Broker have highlighted key investment ideas for Kazakhstan and global markets. Kazakhstan’s market One of the fall’s wild cards is the Kazakhstan Electricity Grid Operating Company…
In the first six months of 2025, Lotte Rakhat Confectionery reported a profit of about $3.9 million, down 53.4%, or $4.4 million, from the same period last year, according to the company’s filing on the Kazakhstan Stock Exchange (KASE) website. The drop was largely due to a 23.4% fall in…
Investment management company Fonte Capital has announced the listing of the Fonte Bitcoin Exchange Traded Fund (ETF) on the Astana International Exchange (AIX), according to a statement on the company’s website. An ETF is an exchange-traded investment fund that is traded in a way similar to ordinary shares. Typically, it…
Mobile rates for Altel and Tele2 customers in Kazakhstan are off-limits to government scrutiny until the end of 2026, following a court decision tied to an international agreement with Qatar. Mobile Telecom-Service (MTS), which owns the Altel and Tele2 brands, won its case in the Almaty Court of Appeal, which…
Kazakh investors can now buy shares in major American companies such as Amazon and Google for as little as $1, thanks to a new feature rolled out in the Tabys app by the Astana International Exchange (AIX), according to the Kazakhstan Association of Minority Shareholders (QAMS). The Tabys app, in…
