Venezuela launches Caribbean military drills amid tensions with U.S.
Venezuela will launch a large-scale, three-day military exercise near La Orchila island, involving thousands of troops, naval vessels, aircraft, and d...
Kazakh President Kassym-Jomart Tokayev held a meeting to address the worsening global market situation amid the collapse of energy and commodity prices on global markets due to tariff conflicts, the presidential press service said.
At the meeting, attended by the Prime Minister Olzhas Bektenov, the Governor of the National Bank Timur Suleimenov, and other senior officials, President Tokayev instructed to accelerate drafting the government's plan of action to address the financial and economic crisis, with aim to prevent economic slowdown and a decline in investment flows.
"The President emphasized that, despite the challenging economic conditions, the priorities he outlined for the country's development—such as major infrastructure projects, digitalization, the advancement of artificial intelligence, and the modernization of agriculture and the transport and logistics sectors—will still be implemented," - president's press service reported.
President Tokayev is expected to convene a special meeting on this matter next week.
On Wednesday, Serik Zhumangarin, Deputy Prime Minister and Minister of National Economy, said that Kazakhstan’s government was assessing various scenarios in response to potential fluctuations in oil prices.
““We have three development scenarios. Currently, we are approaching the pessimistic scenario with oil prices at $60 per barrel. This week, we began calculations for scenarios involving prices dropping to $55 and $50 per barrel," - said Zhumangarin and added that the government had "clear understanding on what needs to be cut and what should remain unaffected."
The Deputy Prime Minister also highlighted the importance of infrastructure development and job creation during a crisis.
He suggested that the state may once again turn to the National Fund, stating, “the National Fund was created for such situations, particularly during times of crisis."
Brent oil prices reached a four-year low on Wednesday, falling below $60 per barrel, after standing at approximately $75 at the beginning of April.
The sharp decline in oil prices, attributed to tensions surrounding U.S. tariff decisions, resulted in a day-on-day drop of around 2.3% on Wednesday and a 20% decrease since early April.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
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