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Four days, 27 agreements, over $2 billion: how Kazakhstan is attracting European businesses to Alatau City
Tengrinews.kz — British capital and German technology: Kazakhstan continues to build international cooperation for Alatau City, this time in Europe. A five-day roadshow by a government delegation headed by Deputy Prime Minister Kanat Bozumbayev recently concluded. The Kazakh side held successful talks with leading int…
Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar
Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchas…
What are we breathing? Oskemen residents can now access real-time air quality data
Tengrinews.kz – A new automated air quality monitoring system with 25 stations is now operating in East Kazakhstan Region. Residents can finally access real-time air pollution data. During autumn and winter, Oskemen (Ust-Kamenogorsk) regularly finds itself blanketed in smog. Windless days become more frequent, while e…
Harvard acceptance letter controversy: Education officials in Pavlodar respond
Tengrinews.kz – The story of a schoolgirl from Pavlodar who reportedly received admission offers from Harvard and other foreign universities has taken a new turn. The Pavlodar Region Education Department says the reported offers, including one from Harvard Extension School, require further verification. The girl's par…
“He demanded we delete the bad review and threatened a child”: Landlord detained in Almaty
Tengrinews.kz – A woman from Pavlodar has shared how her sister encountered problems while renting an apartment in Almaty. According to her, after the family posted a negative review, the property owners demanded its removal and began threatening her sister. Tengri Life looked into the incident. What happened during t…
“The deadline is approaching, but the feature is missing”: Kazakh woman unable to verify second IMEI for three months
Tengrinews.kz – A woman in Kazakhstan says she has been unable to verify the second IMEI number of her iPhone for several months. Tengrinews.kz looked into the situation to find out why the problem remains unresolved. Complaint on social media A woman shared a post on social media describing difficulties with her phon…
Schoolboy mocks classmate for being late to class: Father held responsible by court
Tengrinews.kz – A district court in Kazakhstan's Zhambyl Region has issued an official warning to a local resident over the bullying behavior of his underage son. The incident occurred in September at a school in the Zhualy District. An eighth-grade student arrived late to class, prompting a classmate to mock and humi…
The king returns: Why Jordan's monarch is back in Kazakhstan
Tengrinews.kz – King Abdullah II of Jordan has arrived in Astana for another official visit. It is far from his first trip to Kazakhstan: over the past two decades, the monarch has visited the country eight times. During that period, the world order has shifted, Astana has transformed, and Kazakhstan itself has change…
“Order a cash-in-transit vehicle”: Scammers impersonate National Bank to deceive Kazakhstanis
Tengrinews.kz – Scammers are sending fake letters to Kazakhstanis on behalf of the National Bank, promising to recover allegedly stolen money or deliver an incoming money transfer. In return, they demand advance payments, sometimes claiming the money is needed to arrange a cash-in-transit vehicle. Scammers promise ref…
Nearly 60 percent of Almaty's air pollution emissions come from vehicles, officials say
Tengrinews.kz – Motor vehicles in Almaty produce around 113,000 tonnes of pollutant emissions annually, accounting for nearly 60 percent of the city's air pollution emissions. Cars are not the only source of air pollution According to Almaty's Department of Ecology and Environment, air pollution is caused not only by …
Calmer waters for container spot rates, but ‘fragile’ Middle East a threat
There was a certain sense of calm about the container spot freight rate market this week, with slight declines on both the transpacific and Asia-Europe trades as capacity constraints eased and demand remained seasonally subdued. Drewry’s World Container Index (WCI) recorded a 2% week-on-week drop on its Shanghai-Rotte…
Freighter capacity divides air cargo fortunes as rates climb
Access – or not – to freighter capacity is helping shape air cargo’s fortunes. IAG Cargo, which shed its freighter operations more than a decade ago, lost traffic following cancelled services, while asset-heavy DHL reported double-digit volume growth. But rising rates do not necessarily signal a late peak-season surge…
NYK – the argument now is over what a normal year looks like
NYK has raised its dividend to ¥330 a share on a year swollen by the closure of the Strait of Hormuz and strong container rates, but its own guidance has second-half profit falling by more than 40%. Morgan Stanley values the company on a normal year worth less than half of this one and sees a risk the dividend is cut …
‘Carrier selection matters’ when it comes to getting your goods on time
The Asia-North America tradelane is facing the highest ocean freight disruption risk over the coming weeks. Reduced carrier capacity and growing difficulty securing bookings threaten shipment reliability, according to WiseTech Global. The company’s November Ocean Freight Risk Outlook, released today covering weeks 45-…
US dollar falls by 4 tenge in Kazakhstan
Tengrinews.kz – The US dollar weakened against the Kazakh tenge during trading on the Kazakhstan Stock Exchange (KASE) on November 6. Here's the exchange rate recorded at the end of the trading session. At the close of daytime trading on KASE, the weighted average exchange rate stood at 447.14 tenge per US dollar, dow…
Forget about Mærsk as the integrator of container logistics
Today we soft launch our “Top Analyst Question(s) Award” drawing from yesterday’s Q3 26 (YAWWWNNNN) earnings call with Mærsk, when CEO Vincent Clerc tried to explain why all units are firing on all cylinders, almost a decade after the carrier’s reorg was disclosed (our exclusive from Oct 2018 is here), aiming for deep…
Cargo crime in North America down in Q3, but losses are mounting
Organised criminal networks are increasingly exploiting identity fraud, carrier impersonation and weaknesses in freight verification, driving cargo theft losses across Canada and the US up 39% year on year, despite a sharp decline in reported incidents Verisk CargoNet recorded 2,072 of reported supply chain crime inci…
Hong Kong reviews river fees as mainland ports lure cargo away
Hong Kong is reviewing permit fees charged to river trade vessels as it seeks to maintain its port’s competitiveness amid growing competition from mainland Chinese terminals in Guangzhou and Shenzhen. The secretary for transport and logistics, Chan Mei-po, announced the review in a written reply to the Legislative Cou…
India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg. Despite the recovery of crude oil flows from the Gulf via Hormuz to nearly pre-war levels, buyers…
China’s Carbon Emissions Plunge 3.1% as Oil Demand Slumps
A decline in fuel use in China’s industrial sector has led to a 3.1% decline in carbon dioxide emissions in the third quarter of the year, the Finnish climate outlet Centre for Research on Energy and Clean Air has reported, as cited by Reuters. The lower emissions from the world’s largest generator of CO2 resulted fro…
Leaders of Kazakhstan, Jordan and Central Asian countries gather for summit in Astana
Tengrinews.kz — The Aqaba Process Summit on “Security in the Field of Artificial Intelligence” is taking place in Astana, according to Akorda. The summit is being attended by President of Kazakhstan Kassym-Jomart Tokayev, King Abdullah II ibn Al Hussein of Jordan, President of Tajikistan Emomali Rahmon, President of T…
“Surviving itself is a miracle”: Almaty teenager falls from eighth floor
Tengrinews.kz — A 13-year-old boy in Almaty fell from the eighth floor and suffered multiple fractures, brain injuries and damage to internal organs. The child required several operations. The city’s Health Department press service shared details of the incident. Multiple fractures to arms and legs: what happened A 13…
Oil Prices Head for 12% Weekly Loss Despite Fresh Tanker Attacks
Crude oil prices were on course for a sharp weekly drop, with both Brent crude and WTI shedding 12% since Monday, following the results of the U.S. midterm elections, which gave rise to hopes that the war in the Middle East could be brought to a swift end. At the time of writing, Brent crude was trading at $99.42 per …
Powerful solar flare erupts on the Sun
Tengrinews.kz — Scientists have recorded a powerful solar flare. It occurred after a prolonged period of relative calm. “The strongest flare since early October” Details were reported by the Solar Astronomy Laboratory of the Space Research Institute of the Russian Academy of Sciences. According to the laboratory, an M…
Organizers of illegal billion-tenge crypto business convicted in Kazakhstan
Tengrinews.kz — Organizers of an illegal cryptocurrency exchange operation have been convicted in Kyzylorda Region, according to the Financial Monitoring Agency. How the scheme worked Investigators found that the convicted individuals illegally traded cryptocurrency through Binance’s P2P platform outside the trading v…
AI could trigger a pandemic worse than COVID-19, Bill Gates says
Tengrinews.kz — Artificial intelligence (AI) could trigger a pandemic far more dangerous than COVID-19, Microsoft co-founder Bill Gates said on November 4 while speaking at the Future of AI Summit, according to Oninvest. According to Gates, the capabilities of modern AI models are such that “the potential for both ben…
Kazakhstan to revise road tolls: who will be affected
Tengrinews.kz — Kazakhstan is discussing possible changes to its road toll system, with a proposed focus on commercial freight transport. However, there are no plans to change toll conditions for private passenger car owners, citing the government's press service. Who could be affected by the changes The first meeting…