Russia Financial News

The world is falling well short of a promise signed at global climate talks last year to triple the amount of wind power, according to research by an energy think tank released Thursday

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South Korea could rupture its U.S. alliance and shock financial markets if it started building nuclear weapons, Defence Minister Shin Won-sik told Reuters, dismissing renewed domestic calls for the country's own arsenal to deter North Korea. As the neighbouring North rapidly expands nuclear and missile capabilities, more South Korean officials and members of President Yoon Suk Yeol's conservative ruling party have called in recent months for developing nuclear weapons. The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North, has further fuelled the debate.

Paris Mayor Anne Hidalgo did not mince words as she launched into an expletive-filled tirade against those who criticized the Olympic opening ceremony, defending the director and artists who put on the show.

Russia was battling a major cross-border incursion from Ukraine for a second day on Wednesday, with authorities evacuating several thousand civilians due to fighting, officials said. The incursion began on Tuesday morning, with the Russian defence ministry announcing it had deployed air and artillery firepower to try to quash Ukrainian troops breaking into the Kursk border region. «The operation for the destruction of Ukrainian army units is continuing,» the defence ministry said on social media Wednesday.

NASA is delaying its next astronaut launch to buy more time at the International Space Station for Boeing's troubled new crew capsule

New analyses of trade data show that shipments of Russian liquified natural gas to France more than doubled the first half of this year

Bolivia’s socialist President Luis Arce says national referenda will be held soon on the removal of politically combustible fuel subsidies and on the constitutionality of presidential reelections

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

Bitcoin (BTC) prices could be back to above $60,000 by the end of the week, a Russian economist has claimed.

Bangladesh operations said they are stalling field operations and keeping offices shut in the neighbouring country to ensure safety of employees and are closely monitoring the geopolitical crisis there. Coca-Cola, Hindustan Unilever, Nestle, PepsiCo, Marico and Dabur are among the companies taking immediate steps including sending out advisories to employees to stay indoors and not report to work at office a day after violent protests forced prime minister Sheikh Hasina to resign and flee to India, executives said. Some are even shutting sales operations until normalisation resumes.

polished diamonds in international markets due to recession. As per Kiran Gems company website, it is the 'world's largest manufacturer of natural diamonds. «We have announced a 10-day vacation for our 50,000 employees. Though we will deduct some amount, all employees will be paid a salary for this period. We are forced to announce this vacation because of the recession. I am tired of this recession now,» Kiran Gems chairman Vallabhbhai Lakhani told PTI. He underlined the short supply of rough diamonds and the lack of sufficient demand for polished diamonds exported by the company.

The Russian Senate has approved a draft law on crypto mining, meaning the landmark bill will now pass into law, pending the signature of President Vladimir Putin.

RBI) is likely to keep interest rates unchanged this week as high food prices prevent any tilt toward softer policy, but easing core inflation and a global turn toward lower borrowing costs could make a case for the central bank to shift to a neutral stance in the next quarter that coincides with the country’s traditionally busy economic season. An ET poll consisting of 12 respondents unanimously predicted the RBI’s Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its three-day meeting on August 8. This would mark the ninth consecutive bi-monthly meeting in which the rate-setting panel could maintaine a status quo on rates. The repo rate is the rate at which the RBI lends to banks.

Johnson Space Center, a Houston-area church takes a moment during Wednesday Bible studies and Sunday evening services to pray for two members who cannot be there. In fact, there's no way on Earth for NASA astronauts Barry «Butch» Wilmore and Tracy Dyson to show up at Providence Baptist Church. They're in space, orbiting the planet. More specifically, these two members are working on the International Space Station together. Like many astronauts before them, they brought along their faith when they launched into space. «God uses all of us in pretty neat ways, and I think I get the most joy from what I do thinking about it in those terms,» said Dyson, discussing her job on the «Bible Project» podcast ahead of her March launch on a Russian Soyuz spacecraft.

Ukraine on Sunday announced the mandatory evacuation of children and their guardians from areas in the Donetsk region, where Russia has been claiming advances. Just hours earlier, Russia said its forces had seized a nearby village, after claiming a string of villages in recent weeks — many just consisting of a few streets. «The enemy is bombing the towns and villages of these communities every day, so it was decided to evacuate children with their parents or other legal representatives,» Donetsk governor Vadym Filashkin said, listing the towns and villages to be evacuated.

Venezuela protests, Ukrainian President Volodymyr Zelenskyy has expressed concern about the presence of Russian mercenaries from the Wagner group, adding that this was an example of Russia's shameless meddling in other countries' affairs. Protests erupted in the Venezuelan capital the day after President Nicolas Maduro declared victory in the election. The opposition denied Maduro's statement as fraudulent, saying that after reviewing 73.2 per cent of the vote count, their candidate Edmundo Gonzalez won convincingly, the local media outlet reported. In a post on X, Zelenskyy stated, «Worrying reports of Russian Wagner mercenaries being spotted in Venezuela alongside government forces. Wherever these thugs go, they bring death and destabilization.»

Putin has offered humanitarian aid to North Korea, which has been hit by heavy rainfalls and floods, Pyongyang's state media KCNA said on Sunday. Relations between the two countries have grown closer, and Putin made the offer in a message to North Korean leader Kim Jong Un delivered on Saturday via the Russian embassy in Pyongyang. The Russian leader's message expressed sympathy and support. Putin displayed «his willingness to provide immediate humanitarian support for the recovery from the flood damage,» KCNA said.

drone attack overnight damaged critical infrastructure in the central Ukrainian region of Vinnytsia, a local official said on Saturday. The Ukrainian air force said it shot down 24 out of 29 Shahed-type drones launched by Russia in the overnight attack over nine regions. Russian forces also launched two S-300 anti-aircraft guided missiles and two Kh-31 missiles, the air force said. Kherson regional governor Oleksander Prokudin said air defence shot down five drones over his region on Saturday. Russian attacks on the region in the past day struck critical infrastructure, an administrative building and nine residential homes, he said.

Kyiv has stepped up aerial attacks on Russian territory, saying it carries out the strikes in retaliation for the bombardments Ukraine has faced since Russia invaded more than two years ago. «Last night, drones from Ukraine's Security Service visited the Morozovsk airfield in the Rostov region» that stored aircraft and guided aerial bombs, the source said.

The event, which was meant to welcome the prisoners released by Russia, quickly went viral on social media. Many observers called for the invocation of the 25th Amendment. One comment read, «Where is Joe Biden going? The passengers on this plane have already disembarked.» Here's the video.