A Chevron-led joint venture among several energy companies is spending billions of dollars in Kazakhstan to expand an oil field remarkable for its longevity, promise and risk. Source: NYT > Business – Stanley Reed and Nanna Heitmann
Russia Opens Antitrust Inquiry Into App Restriction at Apple
Russian officials are investigating Apple’s moves to remove parental control apps from its App Store shortly after it released a competing service. Source: NYT > Business – Jack Nicas
Russians Pulling Out Credit Cards, and Consumer Debt Spirals
Russians with little experience with debt are relying on easy credit and payday lenders. Now the central bank is trying to cool the lending market. Source: NYT > Business – Andrew E. Kramer
Latvia Is a Small Country Eager to Fix a Big Money-Laundering Problem
Corruption has driven honest investors away and damaged the Latvian economy, making the cleaning up of illicit bank activity a top priority for a new government. Source: NYT > Business – Jack Ewing
Neglected After Apollo, the Moon Comes Back Around
Something of a new lunar race is underway, but the motivations differ from what put men on the moon 50 years ago. Source: NYT > Business – Kenneth Chang
A Power Plant Fiasco Highlights China’s Growing Clout in Central Asia
Beijing is using its financial might to expand its influence, eroding centuries of Russian dominance in a vast, resource-rich region. Source: NYT > Business – Andrew Higgins