OPEC+ agrees to increase oil production by 547,000 barrels
On Sunday, eight OPEC+ members held a brief virtual meeting and decided to increase oil production by 547,000 barrels per day in September, continuing...
President of Kazakhstan Kassym-Jomart Tokayev chaired the first OTS Central Banks Council meeting in Astana, calling for greater financial cooperation amid global economic shifts.
The first meeting of the Council of Central Banks of the Organization of Turkic States (OTS) was held in Astana, chaired by Kazakhstan's President Kassym-Jomart Tokayev.
In his opening remarks, Tokayev stressed the need to deepen cooperation among OTS countries amid global economic transformation driven by shifting trade policies. He noted that the region’s share of global GDP grew from 2.4% in 2010 to 3.1%, reflecting increased macroeconomic stability.
President Tokayev highlighted that financial cooperation could boost broader economic ties, with central banks playing a key role. He emphasized the importance of topics on the Council’s agenda, such as monetary policy, digital currencies, and fintech development.
Kazakhstan, he said, has led in this field, with cashless payments reaching 85% of all transactions and the successful launch of the region’s first central bank digital currency - the digital tenge. New regulations are expected soon to govern digital assets, including cryptocurrencies and tokenized instruments.
Heads of central banks from Azerbaijan, Kyrgyzstan, Türkiye, Uzbekistan, Hungary, and Kazakhstan also took part in the meeting.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Iran has lifted all remaining airspace restrictions imposed during its 12-day conflict with Israel, restoring full domestic and international flight operations.
Hamas on Saturday firmly denied that it was willing to disarm, contradicting remarks made by U.S. Special Envoy to the Middle East Steve Witkoff during his meeting with Israeli hostage families in Tel Aviv.
Around 250,000 tonnes of freight were transported via the Baku–Tbilisi–Kars (BTK) railway in the first seven months of this year. The information was disclosed to journalists by Kadir Bozan, Chairman of the Kars Chamber of Commerce and Industry.
Kazakhstan's economy expanded by 5% in 2024, outpacing the earlier forecast of 4.8%, according to the Ministry of National Economy.
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