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The Latest Breaking News from Sberbank

Russia's Sberbank wants Chinese chips for its GigaChat AI in the face of Western sanctions — faces a long wait behind ByteDance and Alibaba

CEO German Gref didn’t specify which Chinese chips Sberbank is interested in, but the most likely candidate is Huawei's Ascend 950 family.

Tom’s Hardware

Kremlin forcing big firms to join ‘witch-hunt’ against internet rebels, claims report

Campaigners say banks and web platforms are being told to collect data on customers visiting blocked sites

The Guardian - UK

Apple subsidiary fined by UK government over Moscow sanctions breach

Apple Distribution International, based in Ireland, made payments worth £690,000 to a Russian streaming service

The Guardian - UK

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read the most diverse news in one place.

Glencore's £3.5 bn Kazakh mining deal raises important questions

Little detail has been disclosed publicly about the funding structure behind the proposed Kazzinc purchase

Evening Standard

JPMorgan Names XRP Banks' Favourite Crypto — Here's Why It Matters

A reported JPMorgan briefing positions XRP as a top institutional digital asset, highlighting speed, utility and real banking use cases.

International Business Times UK

Ukraine-Russia war latest: Zelensky says peace 10% away as Kyiv strikes key Russian oil depot

President optimistic about security guarantees as at least six people injured in Russian attacks

The Independent UK

Ukraine war briefing: ‘Attack on global food security’ as Russia hits wheat ships and ports

US has verified as fake the claimed attack on Putin residence, says Zelenskyy; leaders of Ukraine’s allies to meet in France next week. What we know on day 1,407

The Guardian - AU

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Did an AI war just get one step closer? Putin confirms Russia is planning its own national AI taskforce

Russia establishes a national AI taskforce to strengthen domestic LLMs, deploy humanoid robots, and develop autonomous drones for strategic operations.

TechRadar

Ukraine-Russia war latest: Putin’s troops exploit bad weather to step up assault in Pokrovsk

Russia is taking advantage of bad weather to advance in small groups, moving on foot or motorcycles

The Independent UK

Ukraine war briefing: Top banker’s straight talk to Putin over troubled economy

Sberbank head German Gref gives unusually frank assessment; Zaporizhzhia situation has ‘significantly worsened’, says Syrskyi. What we know on day 1,358

The Guardian - AU

Russian economy is stagnating amid Ukraine war, says Sberbank CEO

German Gref said the country's central bank should lower interest rates to avoid a recession.

Euronews

KTM Reportedly Changes Mind, Wants To Repay Creditors At Once, Not Over Time

It's already the middle of February, and if you've been following the KTM insolvency saga, then the name of this month may just ring a bell for you. Why? Because February 25th is the deadline for any KTM restructuring plan to officially be approved by its creditors.

RideApart

Short Circuit: A Roundup of Recent Federal Court Decisions

Troubled waters, a Declaration of War, and some batty paperwork.

Reason

SFO and mining firm ENRC agree settlement over legal claims

Agency had been investigating Kazakh company for suspected corruption and fraud over 12 years

The Guardian - UK

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Top News

Sberbank: AI To Drive 60% Corporate Loan Decisions

Sberbank's adoption of AI for corporate loan decisions signifies a strategic move towards efficiency and innovation in the banking sector.

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Reuters

Zombie alert: Russian lawmaker complains about rogue design algorithm

A leading Russian lawmaker said on Wednesday he had filed a complaint about an online art tool promoted by the country's largest bank, saying it consistently generated negative images of Russia.

The National (Scotland)

‘Serious questions’ as pension funds invest millions in firms operating in Russia

SCOTLAND’S largest council pension funds have around £230 million invested in Western companies continuing to operate in Russia almost a year…

Bangkok Post

Pro-Putin Russian Orthodox Church gets warm welcome in Orban's Hungary

HéVíZ, Hungary: Despite his staunch support of Moscow's invasion of Ukraine, Patriarch Kirill, the leader of Russia's Orthodox church, has so far escaped European Union sanctions -- thanks to the support of Hungarian leader Viktor Orban.

The Guardian - UK

Warner Music arm seeks Russian deals despite business suspension

Exclusive: ADA Russia and French company Believe appear to be conducting business after pledges made after Ukraine invasion

The Independent UK

Revealed: Tony Blair spoke at events run by sanctioned Russian state-controlled bank

Exclusive: Former prime minister participated in series of events, including two after Salisbury nerve agent attack

The Independent UK

Leading university and business school paid more than £700k via Russian bank days after Ukraine invasion

Exclusive: Imperial College London and London Business School condemned for accepting nearly £15m in less than a decade

Reuters

Swiss adopt new EU sanctions on Russia, allow oil payments

The Swiss government imposed further sanctions against Russia over the war in Ukraine on Wednesday, in line with the European Union's latest measures on gold and gold products, the cabinet said.

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