Elon Musk has pleged to contribute to a prize to whoever invents the most effective CCUS…
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Airbnb hires Apple vet in run-up to IPO
Airbnb has hired iMac, iPhone, iPad and Apple Watch designer Sir Jony Ive to help create…
‘Green’ ESG funds outperform S&P benchmark
Nine of the 10 largest US mutual and exchange traded ESG funds outperformed the benchmark Vanguard…
Kardashian West wades in on Nagorno-Karabakh conflict
Amid international appeals to end the hostilities and initiate peace talks, Kim Kardashian West, whose late…
Saudis pump $500bn into high-tech city as ‘baby boomers’ head for job market
Saudi Arabia is planning to invest $500bn in a futuristic city run entirely on alternative sources…
UK fund backs 600MW solar farm as part of Iran’s $60bn renewables plan
Quercus, the UK-based ‘green’ investment fund, has signed a deal worth €500m to build and operate a…
Petya hits global supply chain
Operations at one of the terminals at India’s largest container port JNPT have been disrupted by…
Kazakhstan to increase Silk Road container capacity tenfold by 2020
Kazakhstan has signed up to increase the volume of container shipments that it processes on the…
Alrosa launches Eurasian Diamond Centre in Vladivostok as Eastern Economic Forum gets under way
Alrosa, Russia’s largest diamond mining operation, launched the Eurasian Diamond Centre in Vladivostok yesterday to coincide with…
New World Trade Outlook Indicator launched to aid short-term forecasting
In an attempt to improve real-time global economic forecasting, the World Trade Organization (WTO) last week…
State-owned enterprises driving Chinese FDI, SASAC chief reports
Chinese FDI: State-owned enterprises (SOEs) are driving the accelerating pace of Chinese overseas investments, according to a report compiled…
Southern Gas Corridor on track for 2018 with SD2 over 70% complete
Half of the $42bn that Azerbaijan’s mammoth offshore Shah Deniz 2 (SD2) gas field is expected to cost…
North-South International Transport Corridor scheduled to link Mumbai to Moscow via Azerbaijan by August
Mumbai to Moscow: The first cargo train to make the journey from India to Russia via Azerbaijan on the new North-South…
Fosun Group planning $1.7bn Sanya Atlantis resort for Hainan
Sanya Atlantis: China’s Fosun Group conglomerate is planning to invest almost $17bn in a massive marine tourist project…
Chinese M&A hits new high
Chinese M&A: Despite Beijing’s attempts to tighten control of capital, Chinese outbound investment in the form…
Russia extends ban on Turkish food imports to complete embargo
Turkish food imports: The Russian heath and safety watchdog Rosselkhoznadzor this week effectively put a ban on all…
101 Kazakh mineral deposits to be put up for auction
Kazakh mineral deposits: The Kazakh government is to hold an auction over 100 mineral deposits in…
Uzbek GDP grows 7.5% in Q1
Uzbek GDP grew by 7.5% between January and March compared to the same quarter in 2015, the…
Russian billionaire Yuri Milner pumps $100bn into Breakthrough Starshot
Breakthrough Starshot: Russian billionaire internet investor Yury Milner has joined forces with the world-famous physicist Stephen Hawking…
World Bank predicts Central Asian stagnation and urges cooperation
Central Asian stagnation: The economies of Europe and Central Asia continue to face difficult headwinds in an…
S&P confirms Russia’s long-term foreign currency rating as BBB-
Standard & Poor’s this week confirmed Russia’s long-term foreign currency rating at BBB- and its sovereign credit…
Tehran refuses to join freeze until Iranian oil production hits 4m bpd
Iranian oil production: Iran will not consider joining Russia and Saudi Arabia in their plans to put…
Gazprom cuts private sector Turkish gas supplies by 10% over price dispute
Turkish gas: Russian energy giant Gazprom has reduced natural gas supplies to private sector companies in…
Rosneft increases stake in Orinoco River Basin JV and offshore projects
Rosneft has agreed to to invest a further $500m in the Orinoco River Basin JV it operates with…