Russia Financial News

New Delhi: India plans to showcase the Global Biofuels Alliance (GBA) at the upcoming UN Climate Conference (COP28) in the UAE, one of the world’s leading oil-producing nations. As part of the advocacy, the government also plans to light up the iconic Burj Khalifa with ‘GBA’, said two people aware of the development. The marquee alliance with India, the US and Brazil as its founding members was launched at the G20 summit hosted by New Delhi in September, and has grown rapidly, with a total of 22 countries having agreed to join the GBA.

Aden, Yemen, on Sunday, authorities said. While no group immediately claimed responsibility, it comes as at least two other maritime attacks in recent days have been linked to the Israel-Hamas war. The attackers seized the Central Park, managed by Zodiac Maritime, in the Gulf of Aden, the company and private intelligence firm Ambrey said.

Russia thwarted a Ukrainian attack on Russian regions involving at least 24 drones and two missiles, the Russian defence ministry said on Sunday. The ministry said that Ukrainian drones were shot down over Moscow, Tula, Kaluga, Smolensk and Bryansk. It also said Russian air defences shot down two Ukrainian S-200 surface-to-air missiles that had been adapted to hit land targets.

As the war in Ukraine grinds into its second winter, a growing number of Russian soldiers want out, audio intercepts obtained and verified by The Associated Press indicate. Russian soldiers speak in shorthand of 200s to mean dead, 300s to mean wounded. The urge to flee has become common enough that they also talk of 500s — people who refuse to fight. These conversations also show clearly how the war has progressed, from the professional soldiers who initially powered Vladimir Putin's full-scale invasion to men from all walks of life compelled to serve in grueling conditions. The verified the identities of people in the calls by speaking with relatives and soldiers — some of whom are still at war in Ukraine — and researching open-source material linked to the phone numbers used by the soldiers.

By Max Hunder

George Cohon, the man who brought McDonald’s to Canada, and later Russia, has died according to a post on social media from his son, Mark Cohon.

#1 ...and as you said, AI is creating one heck of a buzz worldwide. It's got everyone more worked up than climate change, the Ukraine-Russia war, and Israel's Palestine-bashing put together. #2 The problem is that no one seems to know what exactly AI is, let alone whether it's a good thing, a bad thing or a value-neutral thing, and what to do about it. #1 Right. So, people are doing what they always do when they've got something they don't know what to do about — they're holding international conferences about AI to frame laws and rules about how to deal with it. #2 True.

Artificial intelligence employed by the U.S. military has piloted pint-sized surveillance drones in special operations forces' missions and helped Ukraine in its war against Russia. It tracks soldiers' fitness, predicts when Air Force planes need maintenance and helps keep tabs on rivals in space. Now, the Pentagon is intent on fielding multiple thousands of relatively inexpensive, expendable AI-enabled autonomous vehicles by 2026 to keep pace with China. The ambitious initiative — dubbed Replicator — seeks to «galvanize progress in the too-slow shift of U.S. military innovation to leverage platforms that are small, smart, cheap, and many,» Deputy Secretary of Defense Kathleen Hicks said in August.

drone attack on Ukraine since the beginning of its full-scale invasion in 2022, targeting the Ukrainian capital, military officials said. «Kyiv was the main target,» Ukrainian Air Force Commander Mykola Oleshchuk wrote on his Telegram channel. In total, Russia launched 75 Iranian-made Shahed drones against Ukraine, of which 74 were destroyed by air defenses, Ukraine's air force said. The attack was «the most massive air attack by drones on Kyiv,» said Serhii Popko, head of the Kyiv city administration.

As a healthy outcome, we recall a continuous persistence in these parlays reinforcing the notion of a rules based international order, resilience and global peace. With the changing geopolitical and geoeconomics landscape of the recent past, the Indo-Pacific’s increasing salience covered a noteworthy aspect of the meeting, hinting at furthering defence collaborations in the arena, pivoting around the Quad’s vitality and global good. In the area of trade, the Indo Pacific Economic Policy Framework too is moving forward.

how to thrive in the multipolar age. The country is home to just over 0.1% of the world’s people and produces only 0.5% of its GDP, but it contains nearly 10% of the world’s oil reserves, and this wealth helps it punch above its weight. Like many emerging countries today, it straddles political and economic divisions.

German Chancellor Olaf Scholz has promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year

Russian President Vladimir Putin says that he will endorse a national strategy for the development of artificial intelligence

The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat

French Foreign Minister Catherine Colonna says China’s cooperation is vital on an issue that has divided it and much of Europe: ending the war in Ukraine

By Giuseppe Fonte and Sudip Kar-Gupta

Brent crude futures were up 42 cents at $81.84 a barrel by 1459 GMT, having settled 0.7% down in the previous session. U.S. West Texas Intermediate crude were down 33 cents from Wednesday's close, dropping to $76.77.

According to several industry experts, Binance and its founder, Changpeng Zhao (CZ), pleading guilty to US anti-money laundering laws could pose challenges to the cryptocurrency exchange’s ambitions in Hong Kong.

China and the United States are leading the development of AI, which many researchers and global leaders think will transform the world and revolutionise society in a way similar to the introduction of computers in the late 20th century.

Investing.com-- Oil prices rose slightly in Asian trade on Friday as traders remained on edge over a delay in an OPEC+ meeting, although expectations of more supply cuts by the cartel put prices on course to break a four-week losing streak.

BEIJING (Reuters) — China hopes Russia will give policy support for Chinese automobile enterprises to produce, sell and operate in Russia, Chinese state media cited China's ambassador to Russia as saying on Friday.