π’πͺπΊ Europe is preparing for intense competition with Asia over liquefied natural gas (LNG) this winter. Amid restrictions on supplies from the Middle East, Asian buyers are willing to pay significantly higher prices for LNG. This situation could lead to a tug-of-war for resources, ultimately impacting energy availability and prices in Europe. For more details, visit FT.
β οΈπ¦πΊ The Reserve Bank of Australia is set to raise interest rates during its meeting on September 29 amid rising inflation, according to a Bloomberg survey of analysts.
π¨ Chinaβs industrial enterprises reported a profit increase of 4.2% year-on-year in August, marking the slowest growth rate for 2023, according to the National Bureau of Statistics. For the year-to-date, profits have risen by 15.7%. The latest figures highlight ongoing challenges in the Chinese economy. For more information, visit Reuters.
π¨ China dismisses Western fears of an AI apocalypse as "fear marketing" aimed at curbing competition. The country remains committed to advancing AI technology, emphasizing state control and deeming the risk of losing authority over AI as unlikely. For more details, read the full article β NYT.
π’π·πΊ The government has revised its forecast for hydrocarbon production and export. Oil exports from Russia are increasing despite a decline in raw material processing, according to Vedomosti. For the year, oil exports are expected to reach 244.7 million tons, exceeding previous estimates by 3% and actual shipments in 2025 by 6%. However, fuel product exports are projected to be 20% lower than the May estimate, totaling 98.5 million tons.
π In 2027, a digital platform for subsurface data will be launched, capable of supporting up to 30 AI agents. VK Tech will serve as the IT integrator, overseeing the development on a unified platform.
π The price of scrap ferrous metals in ports has increased by 4-5% over the past month, according to Kommersant. A reduction in the supply of steel semi-finished products, coupled with logistical constraints in the Black Sea, has heightened demand for scrap ferrous metals in Turkey, driving up prices for this raw material.
β οΈπ§ The heads of OpenAI and Anthropic have been summoned to the Australian Parliament amidst concerns over AI-related hacks targeting government agencies in Australia and the United States.
β οΈπ§ Bill Gates continues to warn about the dangers of artificial intelligence going out of control. He urges Congress to enact appropriate legislation rather than relying solely on self-regulation, as stated in an interview with NBC.
π° Rising oil prices are not enough to prevent a decline in Russia's budgetary revenues. According to recent estimates from the Audit Chamber, raw material income is projected to be 7.3 trillion rubles in 2026, 1.6 trillion rubles below the planned figure. Tax revenues from extraction are expected to fall short due to a strong ruble, with transport and insurance costs further impacting gains. Meanwhile, non-oil and gas revenues are becoming increasingly important and are on the rise. β Izvestia
β οΈπΊπ¦ Prime Minister of Ukraine Korytsky has confirmed that VAT will be raised by 1% in 2027, as stated in an interview with the TSN News channel.
π’π©πͺ Germany is entering winter with unusually low natural gas reserves, but there are no immediate supply risks. The country has a broader and more resilient import portfolio compared to the energy crisis of 2022, according to the head of German gas importer VNG.
π° Microfinance organizations (MFOs) have sharply increased the sale of troubled debts to collectors, with sales reaching 43 billion rubles from April to June. This marks a 1.5-fold increase from the previous quarter and a 30% rise compared to last year, the highest in two years. Discounts on these sales have reached 80%, with collectors now paying about 20 kopecks for every ruble of nominal debt, down from 36 kopecks last year. The deterioration in loan quality is evident, with overdue loans exceeding 90 days rising from 29% to 35% over the year. For more details, visit Izvestia.
β οΈπ―π΅ The yield on Japan's 2-year government bonds has reached levels not seen in 31 years, marking a significant shift in the financial landscape. Investors are closely monitoring this development as it may influence broader market trends and economic policies. For more details, visit this link.
π·πΊ In Russia, inspections of businesses affected by attacks have been suspended for one year, announced Deputy Prime Minister Dmitry Grigorenko.
π RUSOLOVA SETS NEW HISTORICAL RECORD: TIN PRODUCTION IN CONCENTRATE FOR THE FIRST NINE MONTHS OF 2026 EXCEEDS 3,000 TONS. This achievement marks a significant milestone for the company, showcasing its commitment to growth and innovation in the industry. For more details, read the full report here.