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China
Xi hails 'new level' in ties as China and Kazakhstan sign €11.4bn in deals
Xi Jinping and Kassym-Jomart Tokayev signed more than 70 commercial agreements on the sidelines of the World AI Conference in Shanghai, including Central Asia's first battery plant with CATL and a new Caspian port terminal.
Economy
EU unveils banking reforms to unlock billions in investment
In a bid to reduce fragmentation in the EU banking sector and meet companies’ growing investment needs, the European Commission has unveiled proposals aimed at making banks more competitive and potentially unlocking billions of euros for investment, but obstacles remain.
Economy
China's economic growth hits slowest pace in more than three years
China's economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.
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Business
Can a new global defence bank unlock £100bn for rearmament?
Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.
Business
EBRD backs Kazakhstan's move up the minerals value chain with €255m
The European Bank for Reconstruction and Development (EBRD) is financing Kazakhstan's first large-scale refractory gold ore processing facility, helping the country unlock previously inaccessible reserves while expanding domestic mineral processing.
Kazakhstan
Kazakhstan looks to boost oil exports after Georgia talks in Astana
In high-level talks held in Astana, Kazakhstan and Georgia agreed to strengthen economic cooperation, including plans to increase oil shipments via the BTC pipeline. The two countries also discussed agricultural development, investment expansion, and cooperation in digital services.
Business
Scandinavian Airlines bets on recovery with €8.75bn Airbus jet order
Scandinavian airline SAS has placed the biggest order in its history, agreeing to buy up to 40 Airbus widebody jets in a deal worth more than $10 billion (€8.75bn), a striking show of confidence from a carrier that emerged from bankruptcy only two years ago.
Economy
The AI boom could trigger the next crash, central banks warn
The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.
Focus
Tashkent forum closes with 166 investment agreements worth €37.6bn
In partnership with Center for the Production of Content for Mass Media under the Administration of the President of the Republic of Uzbekistan
More than 10,000 participants, including delegates from 102 countries, examined market access, transport links, green power, digital exports and the policies needed to turn commitments into operating projects.
