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Economics

EU Spends €4.5 Billion On Russian LNG In First Half Of 2025

Despite efforts to reduce reliance on Russian energy, the European Union imported approximately €4.48 billion worth of liquefied natural gas (LNG) from Russia in...

U.S. Allows Limited Russian Transactions Until Aug. 20

In a targeted move to facilitate diplomatic preparations for the upcoming Trump–Putin summit in Alaska, the U.S. Treasury Department has authorized a temporary easing...
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New US Tariffs Spark Global Trade Shock: India In Crosshairs

President Donald J. Trump signed a sweeping executive order Tuesday expanding the U.S. government’s economic campaign against Russia —...

Tesla Board Approves New $30B Equity Deal For Elon Musk

Tesla Inc. has approved a massive stock compensation package for CEO Elon Musk, valued at approximately $30 billion, in...

Russian Firms Targeted As UAE Banks Enforce Tougher Controls

Banks across the United Arab Emirates have sharply increased scrutiny of Russian-linked businesses, resulting in restrictions or account closures...

$16.5B Tesla–Samsung Chip Deal Marks Major Boost For U.S. Tech

Tesla and Samsung Electronics have signed a landmark $16.5 billion agreement to produce Tesla’s next-generation AI6 semiconductor chips, cementing...

Brussels Hits Chinese Financial Institutions in New Russia Sanctions

The European Union has imposed sanctions on two Chinese banks for the first time, escalating pressure on foreign institutions...

Bitcoin Sets New Record Above $120K as Institutional Demand Grows

Bitcoin has reached a new historic milestone, briefly surpassing $122,500 on Monday, marking the first time the cryptocurrency has...