Latest news with #RoscongressFoundation
Russia Today
7 hours ago
- Politics
- Russia Today
South Africa's vice president talks AI risks with Russian youth
Young people should be cautious about how they adopt artificial intelligence to ensure it does not diminish their creativity or cultural identity, South African Vice President Paul Mashatile told Russian students on Friday. Mashatile spoke at a youth workshop 'The SPIEF Academy' organized by Russia's Roscongress Foundation on the sidelines of the St. Petersburg International Economic Forum. He described South Africa's investment in youth development programs as a strategy to spur innovation and generate future employment. 'The youth can come up with a lot of new ideas,' Mashatile said. 'Often you find the youth struggling with employment, but we are seeing the youth themselves can become employers,' provided they have access to seed funding. Mashatile cautioned that AI could have negative effects on a young person's development. 'Artificial intelligence can have a negative impact if it stifles creativity, because it's easy for people to get lazy. You know, these days artificial intelligence can write an essay for you. And that's what we must avoid, particularly for the youth,' he said. 'We must use artificial intelligence as something that is supportive to our own creativity rather than it taking over.' The vice president added that people using AI for creative purposes should remain rooted in their cultural identities and not be sidetracked by what models generate. Mashatile praised Russia's history of providing higher education opportunities for African students and said South Africa is also eager to learn from Russia's advances in application of AI technology. 'We are also here to learn from the youth of Russia about what you are doing,' he told the audience. The SPIEF Academy's main goal is to engage students and young professionals in the current agenda of the global economy, technological development, and social change. Its participants are students and young professionals aged 18 to 23 who are enrolled at leading Russian universities.
Irish Examiner
a day ago
- Business
- Irish Examiner
Russia ‘on brink of recession', says economy minister
Russia's economy is 'on the brink of going into a recession', the country's economy minister has said, according to reports. Economy minister Maxim Reshetnikov delivered the warning at the St Petersburg International Economic Forum, the annual event in Russia's second largest city designed to highlight the country's economic prowess and court foreign investors. Russian business news outlet RBC quoted the official as saying 'the numbers indicate cooling, but all our numbers are (like) a rear-view mirror. Judging by the way businesses currently feel and the indicators, we are already, it seems to me, on the brink of going into a recession.' Economy minister Maxim Reshetnikov was speaking at the forum held annually in St Petersburg (Roscongress Foundation via AP) Russia's economy, hit with a slew of sanctions after the Kremlin sent troops into Ukraine in February 2022, has so far outperformed predictions. High defence spending has propelled growth and kept unemployment low despite fuelling inflation. At the same time, wages have gone up to keep pace with inflation, leaving many workers better off. Large recruiting bonuses for military enlistees and death benefits for those killed in Ukraine have also put more income into the country's poorer regions. But over the long-term, inflation and a lack of foreign investments remain threats to the economy, leaving a question mark over how long the militarised economy can keep going. Economists have warned of mounting pressure on the economy and the likelihood it would stagnate due to lack of investment in sectors other than the military. Russian president Vladimir Putin (Dmitri Lovetsky/AP) Speaking at one of the sessions of the forum in St Petersburg, Mr Reshetnikov said Russia was 'on the brink', and whether the country would slide into a recession or not depends on the government's actions. 'Going forward, it all depends on our decisions,' Mr Reshetnikov said, according to RBC. RBC reported that Russia's finance minister Anton Siluanov and Central Bank governor Elvira Nabiullina gave more optimistic assessments. Mr Siluanov spoke about the economy 'cooling' but noted that after any cooling 'the summer always comes', RBC reported. Ms Nabiullina said Russia's economy was merely 'coming out of overheating', according to RBC.
Western Telegraph
a day ago
- Business
- Western Telegraph
Russia ‘on brink of recession', says economy minister
Economy minister Maxim Reshetnikov delivered the warning at the St Petersburg International Economic Forum, the annual event in Russia's second largest city designed to highlight the country's economic prowess and court foreign investors. Russian business news outlet RBC quoted the official as saying 'the numbers indicate cooling, but all our numbers are (like) a rear-view mirror. Judging by the way businesses currently feel and the indicators, we are already, it seems to me, on the brink of going into a recession.' Economy minister Maxim Reshetnikov was speaking at the forum held annually in St Petersburg (Roscongress Foundation via AP) Russia's economy, hit with a slew of sanctions after the Kremlin sent troops into Ukraine in February 2022, has so far outperformed predictions. High defence spending has propelled growth and kept unemployment low despite fuelling inflation. At the same time, wages have gone up to keep pace with inflation, leaving many workers better off. Large recruiting bonuses for military enlistees and death benefits for those killed in Ukraine have also put more income into the country's poorer regions. But over the long-term, inflation and a lack of foreign investments remain threats to the economy, leaving a question mark over how long the militarised economy can keep going. Economists have warned of mounting pressure on the economy and the likelihood it would stagnate due to lack of investment in sectors other than the military. Russian president Vladimir Putin (Dmitri Lovetsky/AP) Speaking at one of the sessions of the forum in St Petersburg, Mr Reshetnikov said Russia was 'on the brink', and whether the country would slide into a recession or not depends on the government's actions. 'Going forward, it all depends on our decisions,' Mr Reshetnikov said, according to RBC. RBC reported that Russia's finance minister Anton Siluanov and Central Bank governor Elvira Nabiullina gave more optimistic assessments. Mr Siluanov spoke about the economy 'cooling' but noted that after any cooling 'the summer always comes', RBC reported. Ms Nabiullina said Russia's economy was merely 'coming out of overheating', according to RBC.
CTV News
a day ago
- Business
- CTV News
Russia's economy minister says the country is on ‘the brink of recession'
In this photo released by the Roscongress Foundation, Minister of Economic Development of the Russian Federation Maxim Reshetnikov attends a plenary session of the St. Petersburg International Economic Forum in St. Petersburg, Russia, Thursday, June 19, 2025. (Roscongress Foundation via AP) ST. PETERSBURG, Russia — Russia's economy is 'on the brink of going into a recession,' the country's economy minister said Thursday, according to Russian media reports. Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event in Russia's second largest city designed to highlight the country's economic prowess and court foreign investors. Russian business news outlet RBC quoted the official as saying 'the numbers indicate cooling, but all our numbers are (like) a rearview mirror. Judging by the way businesses currently feel and the indicators, we are already, it seems to me, on the brink of going into a recession.' The economy, hit with a slew of sanctions after the Kremlin sent troops into Ukraine in February 2022, has so far outperformed predictions. High defense spending has propelled growth and kept unemployment low despite fueling inflation. At the same time, wages have gone up to keep pace with inflation, leaving many workers better off. Large recruiting bonuses for military enlistees and death benefits for those killed in Ukraine also have put more income into the country's poorer regions. But over the long term, inflation and a lack of foreign investments remain threats to the economy, leaving a question mark over how long the militarized economy can keep going. Economists have warned of mounting pressure on the economy and the likelihood it would stagnate due to lack of investment in sectors other than the military. Speaking at a forum session, Reshetnikov said Russia was 'on the brink,' and whether the country would slide into a recession or not depends on the government's actions. 'Going forward, it all depends on our decisions,' Reshetnikov said, according to RBC. RBC reported Russia's Finance Minister Anton Siluanov and Central Bank Gov. Elvira Nabiullina gave more optimistic assessments. Siluanov spoke about the economy 'cooling' but noted that after any cooling 'the summer always comes,' RBC reported. Nabiullina said Russia's economy was merely 'coming out of overheating,' according to RBC.
Time of India
a day ago
- Business
- Time of India
‘On the brink': Amid war-driven boom and rising inflation, Russia's economy teeters near recession, says minister
In this photo released by the Roscongress Foundation, Minister of Economic Development of the Russian Federation Maxim Reshetnikov attends a plenary session of the St. Petersburg International Economic Forum in St. Petersburg, Russia. (AP) NEW DELHI: Russia's economy minister Maxim Reshetnikov made a rare admission on Thursday, warning that the country's economy is 'on the brink of going into a recession', even as top Kremlin officials attempted to project calm at the nation's most prominent economic summit, according to Russian media reports. Speaking at the St Petersburg International Economic Forum, a high-profile event intended to showcase Russia's economic strength and attract global investors, Reshetnikov cautioned that current data signals a worrying slowdown. 'The numbers indicate cooling, but all our numbers are (like) a rearview mirror,' Reshetnikov was quoted as saying by Russian business outlet RBC. 'Judging by the way businesses currently feel and the indicators, we are already, it seems to me, on the brink of going into a recession.' The comments come amid mounting pressure on Russia's war-fueled economy, which has defied earlier predictions of collapse under Western sanctions. High military spending has kept growth alive and unemployment low, even as inflation surges. Wage hikes and recruitment bonuses for soldiers, along with death payouts, have injected cash into poorer regions, keeping demand steady. Still, economists warn that Russia's militarized economy is dangerously unbalanced. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo With foreign investment drying up and growth largely confined to defense sectors, the risk of long-term stagnation looms large. Reshetnikov was blunt: 'Going forward, it all depends on our decisions.' But other officials at the forum struck a more optimistic tone. Finance Minister Anton Siluanov admitted the economy was 'cooling,' but brushed off concerns by saying, 'After any cooling, the summer always comes.' Meanwhile, Central Bank Governor Elvira Nabiullina insisted the economy was simply 'coming out of overheating.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
