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
India’s market for vitamin pills and herbal boosters is booming, growing at roughly 12–15 % every year since 2020. People here now spend about $8 to $10 billion on these products yearly, numbers that could double by 2027 thanks to stronger health habits, rising incomes, and online shopping. Yet thes
India's leading non-banking financial company Bajaj Finance saw its net profit climb to 54. 65 billion rupees for the quarter ending March 31st. This figure nearly matched what financial analysts had predicted—a net profit of 54. 9 billion rupees. The company, known for being the biggest non-bank le
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’
India’s finance chief believes the country’s market watchdog should team up more with foreign regulators and lean on AI to handle cyber threats. Speaking at an event in Mumbai, she argued that clearer frameworks shared worldwide would make foreign investors more comfortable putting money into India’
