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.
π US stocks are currently ignoring the rapid rise in bond yields, according to the Wall Street Journal. Despite increasing interest rates, the stock market shows resilience, continuing to attract investors. This trend raises questions about the sustainability of stock prices in the face of higher borrowing costs. For more details, visit WSJ.
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π«π’πΆπ¦ Qatar has extended the force majeure on liquefied natural gas (LNG) supplies to Pakistan until November.
β¬οΈπ·πΊ The European Union Timber Regulation (EUTR) has seen an increase of 18%. This regulation aims to prevent the trade of illegally harvested timber within the EU. The rise highlights ongoing efforts to ensure sustainable forest management and promote legal timber sourcing across member states. For more information, visit the official EU website.
π·πΊ MGKL reports continued positive financial outcomes as the business grows its revenue and remains profitable. Revenue is increasing alongside business expansion. Preliminary estimates for January to August 2026 indicate revenue of 34.3 billion rubles, marking a 2.4-fold year-on-year increase.