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
Russia is scrambling to get its hands on advanced technology from the West, not just to keep its military running but to stay relevant in the long run. With sanctions squeezing its economy and years of war draining resources, Moscow is turning to spies, fake companies, and cyberattacks to steal what
Russia decided to bring back its ambassador from Armenia for talks, showing disapproval of the country’s growing friendship with the European Union. The move comes as Armenia plans a vote on June 7, and its leader looks to strengthen ties with the West. Armenia, a small nation of about 3 million
France isn't backing down from its financial goals this year. Even with rising concerns about conflicts overseas, the country still aims to shrink its deficit to 5% of its total output. Looking ahead, they plan to push that number below 3% by 2029. The finance team insists they can do this without r
France and Norway just announced they’ll talk about France protecting Norway with its nuclear weapons if needed. This new idea shows how European countries are trying to depend less on the U. S. for their safety. For years, Norway trusted NATO and America’s nuclear shield. Now, it’s looking closer
