Russia Turns to Indian Gasoline as Drone Strikes Hit Refineries
Russia has imported a cargo of gasoline from India to ease domestic fuel shortages caused by Ukrainian drone attacks on refineries.
Economy
Eurozone bond yields climb to multi-year highs on geopolitical and fiscal worries
Long-dated eurozone yields hit multi-year peaks as Middle East tensions and fiscal concerns keep inflation worries alive.
Iran Warns of Offensive in Strait of Hormuz as Peace Deal Stalls
Iran says it will shift to a fully offensive posture and attack if the U.S. fails to implement the June peace deal within weeks.
Trump's ultra-rich appointees outnumber previous White Houses by fourfold
Public Citizen finds 57 Trump officials worth $100M+, four times the combined total of the last three presidents.
Canada's July inflation hits 3% as gasoline costs surge
Canada's annual inflation rose to 3% in July, matching the BoC's ceiling, as gasoline prices jumped 25.7% year-on-year.
Climate Change Pushes Champagne Harvest to Earliest Start on Record
Record heat and drought have forced the earliest champagne harvest ever, testing the industry's resilience and prompting adaptation.
Russian state bank dismisses economist who warned of losing war of attrition
VEB fires chief economist Andrei Klepach after he said Russia was falling behind the West and China and facing mounting costs from the Ukraine war.
Taiwan to Give Every Citizen NT$10,000 in 2027 as AI Boom Boosts Revenue
Taiwan's 2027 budget includes a NT$10,000 cash handout for all citizens, funded by AI-driven economic growth.
Ukraine's Naftogaz hit by 13 Russian strikes in a week, says company
Naftogaz says Russia struck its facilities 13 times in a week, causing serious damage, with nearly 300 attacks this year.
Russia Faces Fresh Fuel Shortages as Regional Curbs Return
Fuel shortages have resurfaced in parts of Russia, with at least 10 regions reimposing controls on petrol sales.
Azerbaijan courts venture capital with new tech investment laws
Azerbaijan passes investment framework legislation to attract foreign venture capital and grow its tech sector beyond oil.
China unveils 2030 oil and gas infrastructure roadmap
China's 15th Five-Year Plan sets 2030 goals for LNG imports, gas storage, and pipeline connectivity.
Novorossiysk Port Resumes Oil Loadings After Drone Attack
Russia's Novorossiysk port resumed oil loadings on Sunday after a drone attack halted operations on Friday. Tanker loadings have restarted.
Eurozone bond yields hover near multi-year highs as Middle East war stokes inflation fears
Eurozone bond yields stay near multi-year highs as Middle East conflict fuels inflation concerns, with markets pricing in ECB rate hikes.
Iran and Oman Reach Understanding on Hormuz Transit Route Maps
Iran says it has reached an understanding with Oman on transit route maps for the Strait of Hormuz, with a joint statement still pending.
Bodies of Pakistani Crew Killed in Houthi Attack Readied for Repatriation
Two Pakistani crew members killed in a Houthi attack on the cargo ship Tihama are being prepared for repatriation in Yemen.
Wet Year Triggers Costly Fungicide Battle on Canadian Prairies
A wet spring has caused widespread fungal diseases in Canadian crops, forcing farmers to make costly fungicide investments ahead of harvest.
China's recovery sputters as output and retail sales miss forecasts
China's industrial output and retail sales slowed in July, missing forecasts, as weak demand and weather disruptions pressure policymakers.
China's July Power Output Dips as Fossil Fuel Generation Slips
China's total power generation fell 0.1% in July year-on-year, with thermal output down 3.5% and hydropower up 6.7%.
China's July Data Shows Slowing Economy, Weak Retail Sales
China's economy slowed in July with weak retail sales, a manufacturing PMI below 50, and rising unemployment.