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
India has stepped up its cooperation with Venezuela in the energy sector, seeing Caracas as a key partner while global oil flows are hit by tensions in the Middle East. During a visit that began on June 4, Venezuela’s interim President Delcy Rodriguez arrived in New Delhi with a sizable delegatio
India recently set aside 100 billion rupees, roughly one billion dollars, to ease the strain on airlines caused by soaring jet fuel prices. These sky-high costs partly stem from tensions in West Asia, which have disrupted oil supplies and pushed prices up worldwide. Airlines often feel this the most
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
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
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
