Russia has sharply criticized Armenia for allowing Ukrainian President Volodymyr Zelenskiy to speak in Yerevan last week. During his visit, Zelenskiy warned that Russian leaders might face drone threats over Red Square during Moscow’s Victory Day parade on May 9—a claim Moscow dismissed as reckless.
Russia plans to buy foreign cash for the first time since the Ukraine war began, but not as much as experts thought it would. The government will spend 110. 3 billion roubles—mostly in Chinese yuan—between May 8 and June 4 to top up its rainy-day fund. The idea is to keep the rouble from shooting up
China’s new Golden Tax IV system, built on big data and AI, is reshaping how the country collects tax. By linking customs, banking, utilities and company records into one giant database, the system can spot irregularities across all sectors. The move comes as China’s fiscal deficit has grown sharply
China’s rail network saw an unprecedented surge on the first day of the spring holiday, transporting 24. 8 million passengers in a single day – a record for any one day in the country’s history. The national railway authority released this figure, highlighting how busy the system becomes when people
China’s U. N. envoy said it is critical to keep the pause in fighting between Iran and its rivals intact. He urged that the Strait of Hormuz be opened again, warning that a closed passage would become a key topic when U. S. President Trump visits Beijing later this month. The ambassador expressed w
Russian arms makers are now getting more than nine out of ten pieces of restricted equipment from China. This shift follows tighter European controls that block many supply routes, pushing Moscow to look eastward for support. The share of Chinese‑supplied tech has risen from roughly eight out of
China has quietly broadened its economic tools during a temporary pause in the U. S. trade dispute, setting up new limits on technology and supply chains before a summit next month. After leaders Xi Jinping and Donald Trump agreed in Busan to ease tensions, Beijing moved quickly to tighten controls
Russia’s economy is showing clear signs of trouble as the war in Ukraine drags on. Policymakers in Moscow recently met to discuss shrinking capital markets and rising costs, with warnings that labor shortages could get worse. Inflation is climbing, production is slowing, and experts say the country’
France’s plan to host the 2030 Winter Games is facing unexpected hurdles, with ice hockey now looking for a new home in Paris. Officials had hoped to use Nice’s soccer stadium—renovated temporarily for hockey—but the city’s new mayor shut down the idea. Now, Paris is stepping in with two existing ar
Russia’s parliament has approved a new law that will be the country’s first official rules for digital money. The bill says crypto is property, so it can be used in court cases like bankruptcies and divorces. People who are not professional traders can only buy up to 300, 000 rubles a year. Profe
