Kazakhstan’s bank loan portfolios are expanding much faster than deposits. New minimum reserve requirements taking effect in September are designed to cool this growth. Kursiv Research reviewed the latest statistics (as of Aug. 1, 2025) to assess banks’ preparedness for the new rules and identify which are most and least…
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…
China’s technology giant Huawei has unveiled its long-term chip strategy and pledged to release some of the world’s most powerful computing systems, breaking years of secrecy around its chip-related business. Huawei also presented timelines for its Ascend artificial intelligence chips and Kunpeng server chips, highlighting China’s push to reduce its…
Artificial intelligence may be reshaping industries, but it is not yet ready to replace stock market analysts, according to Erlan Abdikarimov, head of research at Freedom Finance Global. «The stock market is too complex to hand over entirely to algorithms,» Abdikarimov said. He explained that effective use of AI requires…
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…
Rivian has begun clearing and grading land for its $5 billion factory near Atlanta, Georgia. This significant step follows several previous delays. The new plant will eventually assemble up to 400,000 electric vehicles annually, according to TechCrunch. Rivian hosted a groundbreaking ceremony with CEO RJ Scaringe and Georgia Gov. Brian…
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,…
As India celebrates Prime Minister Narendra Modi’s 75th birthday today, curiosity grows about his wealth and background. Born on Sept. 17, 1950, in Vadnagar in the western Indian state of Gujarat, Modi rose from humble beginnings to become India’s prime minister for three consecutive terms. His journey is often portrayed…
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…
Ford is set to slash up to 1,000 jobs at the company’s Electric Vehicle Center in Cologne, Germany. The move comes as a retaliatory measure to Europe’s demand for EVs being lower than anticipated, according to Investing.com. Ford established the Cologne facility in 2023, when the company expected EVs to…
Azmat Asimov, a resident of Astana, Kazakhstan’s capital, has announced on Facebook his intention to sue Saudi Aramco, the world’s largest oil producer, for alleged unfair dismissal. Asimov said he was dismissed in 2020 while seriously ill, to the point of disability. He claims management canceled his scheduled medical exam,…
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…
Before wrapping up his four-day visit to China on Sept. 3, Uzbek President Shavkat Mirziyoyev met with Shen Yanfeng, head of the China National Nuclear Corporation (CNNC). This move was widely interpreted as Tashkent exploring alternatives should its tentative nuclear deal with Russia’s Rosatom stall, Eurasianet.org reported. Russia’s Rosatom is…
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…
Kraft Heinz announced Tuesday that it will split into two publicly traded companies in 2026, marking the end of its troubled decade-long merger, according to CNN. One new company will house faster-growing brands like Heinz ketchup, Kraft Mac & Cheese, and Philadelphia cream cheese. The other will focus on slower-performing…
Kyrgyz President Sadyr Japarov announced the launch of an underground gold mining project at Kumtor, Central Asia’s largest gold mine, as reported by Interfax Kazakhstan. «The underground gold mining project is set to operate for 17 years, with geological reserves of 147 tons of gold officially added to the national…
