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Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The international benchmark Brent futures rose 8 cents, or 0.1%, to $92.14 a barrel by 0054 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 14 cents, or 0.2%, to $88.98 a barrel. Both benchmarks surged nearly 2% on Tuesday to close at their highest levels since November 2022. «Bullish demand outlook by the OPEC and the U.S.

Putin on Tuesday hailed India's "Make in India" Initiative at the 8th Eastern Economic Forum’s (EEF) plenary session in Vladivostok and suggested that Russian officials like their Indian counterparts should use Russian cars for driving, instead of using foreign automobile brands. Earlier on Sunday Russia hailed India's G20 Presidency and stated that the Global South led by India did not allow the war in Ukraine to take over the agenda. Putin has been one of the ardent supporters of the PM’s focus on ‘Make in India’ amid Western sanctions on Russia since the war. In June heaping praises on PM Narendra Modi Putin had said “Our friends in India and Prime Minister Narendra Modi, a great friend of Russia, a few years ago presented a concept — «Make in India». And it had a very visible effect on the Indian economy.” At another EEF session Putin said that the government will not allow the pace of development to slacken in the Russian Far East as it is a strategic region for the country.

The launch of Russia’s CBDC, the digital ruble, will help spur de-dollarization, a former government minister has claimed.

Vladimir Putin said Tuesday he will only comment on whether he will run for re-election in 2024 after the ballot is officially announced later this year. Putin has led Russia since the turn of the century, winning four presidential elections and briefly serving as prime minister in a system where political opposition has become virtually non-existent. «According to the law, parliament must make a decision at the end of the year,» Putin told the audience at the Eastern Economic Forum in the Pacific port of Vladivostok. «When the elections are announced, when the date is set, then we will talk about it,» he added. Presidential elections in Russia are officially set by parliament and held every six years, after the term limit was lengthened from four years previously.

G20 summit was the 'value' of the India stake in foreign policies of other countries. For that alone, countries made compromises, thus ensuring a successful summit for India. So, what is the India stake? Put simply, almost all G20 countries want to invest in their relationship with India for long term.

A report says Poland is losing large numbers of Ukrainian refugees from its workforce as they travel to Germany to seek higher wages and government benefits in the rich Western economy

Global gabfests rarely produce significant results, and last weekend’s Group of 20 summit in New Delhi was no exception. The carefully drafted and painfully negotiated declaration will be forgotten as quickly as all its predecessors. The war in Ukraine will rumble on exactly as if the language on the war had not been tweaked to favor the Russian position.

Demand for all three major fossil fuels—oil, coal and natural gas—will peak this decade, marking the “beginning of the end" of fossil fuels and a “historic turning point" in the world’s transition toward renewable energy, the head of the International Energy Agency said Tuesday. The IEA has been at the forefront of predictions that demand for fossil fuels is reaching its zenith, but it is the first time the Paris-based agency has predicted a peak in demand for all three energy sources.

OPEC optimism over the resilience of energy demand in major economies.Brent futures rose $1.64, or 1.8%, to $92.28 a barrel by 11:15 a.m. EDT (1515 GMT). U.S.

Also Read: ‘Russia likely to invest trapped rupees in India’: Sergei Lavrov says. Top Points The Russian President made it clear that Ukraine needs to cancel the ban on negotiations imposed by a drecree of the Ukranian President by which he prohibited himself and all others from conducting negotiations, reported TASS, a Russian state-owned news agency. The EEF is being hosted by Vladivostok from September 10-13.

Russian President Vladimir Putin on Tuesday waded into the debate over the criminal charges faced by Republican election candidate Donald Trump, saying the cases against the former U.S. president amount to political “persecution" and expose U.S. weakness.

₹7,359 per bbl, having swung between ₹7,254 and ₹7,385 per bbl during the session so far, against a previous close of ₹7,248 per barrel.

The United States and Vietnam formed business deals and partnerships worth billions of dollars to advance cooperation in artificial intelligence (AI) technologies and others, according to remarks from a joint press conference on Sept. 11.

Good morning,

VLADIVOSTOK, Russia (Reuters) -Russian President Vladimir Putin on Tuesday praised the central bank for keeping a lid on inflation with double-digit interest rates and said there were no insurmountable challenges when it came to limiting the rouble's volatility.

North Korea, Russia, and China on one side against South Korea, Japan, and the United States. In case North Korea chooses to supply arms to Russia, the already heavy Western sanctions against the country can intensify. The experts claim that Russia has everything, the troubled North Korean economy demands.

Dubai apartment values surged by the most in nearly a decade in August, broadening a property rally that’s transformed the city into one of the world’s hottest housing markets. The city’s housing boom, so far largely driven by larger single-family homes, is now pushing up prices for apartments that make up about 85% of the housing supply in the Middle East’s business and tourism hub. Prices for apartments rose 20% on average in the year through August, marking the best performance since November 2014, according to real estate adviser CBRE Group Inc. The gains outpaced price increases of 17.3% for single family homes, known locally as villas, according to CBRE. Dubai’s real estate rebound comes after a seven year slump, fueled by an influx of newcomers — from crypto millionaires and bankers relocating from Asia to wealthy Russians seeking to shield assets. The government has also brought in a slew of reforms, relaxing visa laws and introducing visas for job seekers and freelancers. While prices for single-family homes soared from pandemic lows, the recovery for apartments had so far been slower. Average prices for apartments are still 9.6% below their peak in 2014, while those for larger houses are 8.7% higher, according to CBRE.

ALSO READ: Russia-China relations reached unprecedented historical level will continue to strengthen, says President Putin Putin also described legal proceedings against former US president Donald Trump as 'politically motivated persecution', added the report. "As for the persecution of Trump, for us, in the current environment, it's good because it shows the rottenness of the American system," AFP quoted Putin as saying.

President Joe Biden has wrapped up a five-day diplomatic sprint through Vietnam and India that put a spotlight on complicated relationships he believes will be crucial for global stability

Poland's prime minister says his government will not lift its embargo on imports of Ukrainian grain as scheduled Friday because it would hurt Polish farmers

GENEVA (Reuters) — Global tensions have started to fragment trade as rival trading relationships form, the World Trade Organization (WTO) said on Tuesday, but argued it is premature to declare that globalisation has gone into reverse.