... even crypto startups, broadening market horizons. Consolidation Wave: Growth in M&A Deals. Large mergers, acquisitions, and strategic investments are reshaping the industry landscape, creating new opportunities for exits and acceleration of company growth. Global Expansion of Venture Capital. The investment boom is spreading to new regions—from the Gulf countries and South Asia to Africa and Latin America—where their own tech hubs are being formed. Local Focus: Russia and the CIS. Despite restrictions,...

... GDP and strong growth in China's production will increase risk appetite and support the stocks and currencies of emerging markets. If, however, Asian indicators disappoint, there may be pressure on commodity assets and EM currencies due to fears of global growth slowdown. Results of the Summit in Alaska – any statements following the meeting between Putin and Trump may cause noticeable fluctuations, particularly in oil markets and Russian assets. Investors need to monitor news regarding potential agreements ...

... is still lagging – investments in Asian startups fell by about a third compared to the previous year, reaching a multi-year low. Nevertheless, several emerging markets are showing positive trends, which will be discussed further below. Overall, the global venture landscape is entering a phase of revival, although growth is largely concentrated in specific segments and countries. North America: Dominance of AI Investments The U.S. and Canada continue to lead the venture scene. Megarounds in the AI Sector have become the hallmark of 2025 and the main driver of ...

... rose by approximately 548,000 barrels per day, with a comparable expansion expected in September. Since spring, production restrictions have been progressively relaxed, leading to an increase in global oil and oil product inventories. Slowing Demand Growth. Global oil consumption is growing at more moderate rates. The International Energy Agency (IEA) has lowered its demand growth forecast for 2025 to around +0.7 million barrels per day (for comparison, demand grew by more than 2.5 million b/d in 2023). ...

... becoming targets for acquisition by corporations, while venture funds are finally receiving opportunities for the long-awaited profitable exits. Consolidation enhances the efficiency of the ecosystem, allowing companies to pool resources for accelerated growth and expansion into global markets. Russia and the CIS: A Local Focus Amid Global Trends Despite external constraints, there is noticeable revitalization of startup activity in Russia and neighboring countries. New venture funds are being created — for instance, funds ...