China has pulled back on buying crude oil, with imports falling to a decade‑old low in May. The drop is driven by weak global demand, fewer refinery runs, and the country’s ability to tap into its large stockpiles. Because many refineries are running at lower capacity, China does not need to buy as
Russian President Vladimir Putin recently spoke to news editors in St. Petersburg, making a few surprising remarks about the war in Ukraine. He suggested that Russia could both keep fighting and still be open to a peace deal at the same time. "One doesn't rule out the other, " he said, explaining th
Ukraine’s president made clear this week that talks about joining the European Union won’t stall. Volodymyr Zelenskiy said his government will stick to a set plan, even after Hungary recently shifted its position on Ukraine’s membership. Just a day earlier, the EU’s rotating leadership under Cyprus
France’s finance minister said the United States’ latest tariff plan is unfair and urged both sides to finish their trade agreement. The U. S. wants to impose at least a 10% tax on goods from countries that use forced‑labour products. The U. S. Trade Representative’s report claims the European Union
Russia’s government earned a record 9. 3 billion dollars from oil and gas taxes in May, up more than a third compared with last year. The rise comes as global oil prices climb after tensions in the Middle East, giving the country a much-needed boost. The tax haul now makes up about 20 percent of
Russia’s largest bank is offering its own artificial‑intelligence tools to countries in Latin America, Africa, Asia and Oceania that worry about privacy and cultural fit in Western products. The bank’s chief AI officer said the system is not as fast or large as top U. S. models, but it follows local
Russia is facing tough choices as its war spending in Ukraine clashes with growing financial strain. Officials in Moscow have quietly warned that the current defense budget is unsustainable, risking deeper economic trouble. The Finance Ministry and central bank argue that without cuts elsewhere, the
Ukraine's president recently stated that the country's armed forces have gained the ability to disrupt Russian military supply routes deep inside occupied Ukrainian territories. This means that Russian forces now face significant challenges in moving troops, weapons, and fuel safely across southern
China sharply rebuked the trip of Czech Senate President Milos Vystrcil to Taiwan, claiming it violated Prague’s official stance and meddled in Beijing’s domestic matters. Vystrcil, a member of the centre‑right ODS party, headed a business delegation that will meet Taiwan’s President Lai Ching‑te
France just got good news about its financial health. The country still holds an A+ credit rating from S&P Global Ratings. That means lenders see France as a safe place to invest money right now. The French finance minister shared this update recently. He said the government isn’t relaxing its effo
