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.
Economy
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 as Domestic Demand Stays Weak
China's July factory output and retail sales missed forecasts, highlighting weak domestic demand and reliance on exports.
China's July Oil Processing Edges Up From June, First Monthly Gain Since Iran Conflict
China's July oil throughput rose 0.3% from June, the first monthly gain since the Iran war, but remained 15.8% below last year's level.
China's July coal output drops to lowest since 2021 after mine disaster
China's July coal production fell 10.1% year-on-year to 343.21 million tonnes, the lowest monthly figure since September 2021, as post-accident safety checks persisted.
China's New Home Prices Flat in July as Housing Demand Remains Subdued
China's new home prices were stagnant in July, with a 0.1% monthly dip and a 3.2% annual fall, as demand stayed weak.
China's New Home Prices Keep Falling as Housing Recovery Stalls
China's new home prices fell 0.1% month-on-month in July, matching June's drop, as the housing sector's recovery remains weak.
China's July Data Signals Slowing Growth Amid Weak Demand
China's July economic indicators show slowing industrial output and weak retail sales, underscoring challenges from domestic demand and weather disruptions.
Myanmar President Min Aung Hlaing Begins Official Visit to Russia
Myanmar's president is in Russia for his first official visit since taking office, with energy and defence cooperation on the agenda.