Rutte is visiting China with the country’s Foreign Trade minister, Geoffrey van Leeuwen. The trip comes after a year in which the Netherlands decided, under pressure from the United States, to restrict some of the export of advanced chip printing machines by Dutch chips champion ASML to China. ASML estimates that the impact of the … Read more
Fire erupted at Rosneft PJSC’s largest oil refinery after a drone strike, as Ukraine unleashed fresh attacks on Russia that President Vladimir Putin claimed were part of attempts to disrupt this week’s presidential election. “The Ryazan refinery was hit by a drone. The impact started a fire,” Ryazan regional Governor Pavel Malkov said Wednesday on … Read more
Novatek PJSC’s gas-condensate terminal at the Russian port of Ust-Luga on the Baltic Sea was ablaze early Sunday, Leningrad region Governor Alexander Drozdenko said in a post on Telegram. The governor did not elaborate on the cause of the fire but local media outlet Fontanka said drones attacked the facility at 3:20 a.m. local time. … Read more
For the first time, China exported more to Southeast Asia than the US last year, highlighting the realignment of global trade that’s happening as the economic relationship frays between Washington and Beijing. The 10 nations in Asean bought $524 billion of goods last year, higher than the $500 billion worth sold to the US or … Read more
Ukraine has exported 13 million tons of products through a shipping corridor in the Black Sea it established after Russia pulled out of a deal guaranteeing safe movement of crop vessels. Ports accepted 430 vessels for loading since the shipping channel was created in August, Ukraine’s infrastructure minister Oleksandr Kubrakov said in a post on … Read more
Russia has based its Black Sea fleet in Crimea for 240 years. Now President Vladimir Putin is at risk of losing the flagship naval hub as Ukraine steps up attacks in the occupied peninsula. The assaults have forced Russia to move its ships further from harm’s way, almost a decade after Putin annexed Crimea with … Read more
Argentine President Javier Milei is seeking to extinguish decades of government intervention in the nation’s oil industry by unshackling crude exports and leaving local fuel prices at the whim of market forces. Milei included such measures in sweeping legislation he sent to congress on Wednesday, the latest move since the libertarian president took office on … Read more
Good morning from Sydney. It’s Ed here with the news you need to start your day. Today’s must-reads:• Albanese boosts critical minerals financing• RBA won’t hesitate to hike again• Power market volatility worries BHP Prime Minister Anthony Albanese announced a A$2 billion expansion in critical minerals financing in a potential boost for clean energy and … Read more
Will the use of CBDCs improve cross-border payments? Central Banking Source link
Warsaw has stopped supplying weapons to Kyiv and is focusing on arming itself instead, Polish Prime Minister Mateusz Morawiecki said Wednesday, amid a dispute over Ukraine’s agricultural exports. “We are no longer transferring weapons to Ukraine, because we are now arming Poland with more modern weapons,” Morawiecki said in an appearance on Polish television channel … Read more