Chinese trading giant Alibaba Group has reported accelerating growth in its artificial intelligence-related businesses amid a global AI boom. However, the company’s total revenue grew only 3% to 243 billion yuan (about $36 billion).

On May 13, the Senate in the United States confirmed as head of the Federal Reserve System (Fed) Kevin Warsh, who was personally proposed for the position by President Donald Trump.

Kazakhstan fund “Samruk-Kazyna” took 22nd place in the list of 25 largest sovereign wealth funds in the world with assets of $88 billion.

China has used the U.S. and Israeli war against Iran to strengthen its position on the world stage, which has caused concern in the Pentagon. This was the conclusion reached by U.S. intelligence in a report delivered to Gen. Dan Kane, chairman of the Joint Chiefs of Staff.

Experts have assessed the cryptocurrency’s chance of growth through the summer.

The Global Firepower portal presented a ranking of the world’s largest armies in terms of active military personnel as of April 2026.

Moldova is showing faster economic growth compared to other EU candidate states. The country has exceeded IMF forecasts and, according to Prime Minister Alexandru Munteanu, “will still surprise with its growth”.

The project is implemented by the Mayor’s Office with the support of Expert-Grup Center within the framework of the Local Authorities Capacity Building Program, financed by the Embassy of the Netherlands in Moldova. The financial intermediary for the bond issue will be Victoriabank, with which a corresponding agreement has already been signed.

When talking about Moldovan sovereignty, the usual categories come into play – borders, energy, foreign policy, relations with Brussels, Moscow, Washington or Bucharest.

Yandex founder Arkady Volozh’s company Nebius Group reported a 13.4-fold increase in revenue.

The degree of wear and tear of Moldova’s transmission grids ranges from 70% to 90%, and the service life of many of them has already been exceeded. Approximately 8 billion lei will be invested in their rehabilitation over the next 10 years.

Energy group Eni is in talks with international investment funds to raise more than €1 billion for floating liquefied natural gas (LNG) projects. The deal reflects Europe’s desire to strengthen energy security and diversify gas supplies after reducing dependence on Russian fuel.

South Korea is debating the idea of redistributing some of the revenue from the artificial intelligence boom to citizens, and the market reacted by dropping shares of major chipmakers.

Azerbaijan’s state oil company SOCAR has acquired 99.82% of shares of Italiana Petroli group. It was part of the energy consortium API Holding and owned more than 4,500 gas stations and two refineries. Earlier it was reported that the purchase cost about 3 billion euros.

German automobile holding company Porsche SE recorded a net loss of 923 million euros for the first quarter of 2026.

Moldova’s e-commerce market reached 640,000 active shoppers in March 2025, and the number of active online stores reached around 2,800 in the first half of the year. The growth is structural – estimated at 7-9% p.a. in 2025-2026 – and comes exclusively from generational shifts and gradual adoption of digital habits. The EU accession process is gaining momentum. A major Romanian retailer has publicly stated that it is considering entry.

At its May 13 meeting, the cabinet approved a series of regulatory amendments aimed mainly at updating and aligning bylaws with the provisions of the Electricity Law.

After two major global staff cuts, Swedish furniture store chain Ikea has announced that it is closing up store. This is the first time this has happened in 40 years.

Italian fashion house Giorgio Armani is preparing a possible sale of 15% of shares in the company, while the package may be distributed among three strategic investors – L’Oréal, LVMH and EssilorLuxottica. This was reported by the Italian newspaper La Repubblica.

Moldova will receive 60 million euros to modernize irrigation infrastructure and improve farmers’ access to water for irrigation. For these purposes, the government on May 13 approved the signing of two agreements with the French Development Agency.
