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Russia Fires Top VEB Economist Klepach After War-Cost Warning

Andrei Klepach, VEB's chief economist, was dismissed on August 18 after warning Russia could not win a prolonged war of attrition with Ukraine.

Mike Ashley’s Frasers Group Lifts Hugo Boss Stake to 48%

Mike Ashley's Frasers Group has lifted its Hugo Boss shareholding to 48% after an offer of €38 per share, stopping just short of full control.

Russia Fires Top VEB Economist Klepach After War-Cost Warning

Andrei Klepach, VEB's chief economist, was dismissed on August 18 after warning Russia could not win a prolonged war of attrition with Ukraine.

Global Bond Yields Hit Multi-Decade Highs as US-Iran Ceasefire Collapses

Government borrowing costs reached multi-decade highs on Tuesday after the US-Iran ceasefire collapsed, driving yields higher across major economies.

Baidu Revenue Falls 4% as AI Cloud Fails to Cover Ad Slump

Baidu posted a 4% drop in second-quarter revenue to 31.3 billion yuan on Tuesday, as AI cloud growth failed to offset a continued advertising decline.

Chinese Foreign Minister Affirms Commitment to Trade with Germany Despite EU Sanctions

Germany's newly appointed foreign minister Annalena Baerbock met with her Chinese counterpart Qin Gang on Tuesday to discuss various issues, including trade sanctions on...

Biden’s Warning: US-Mexico Border Set to be Overwhelmed with Incoming Migrants

President Joe Biden has warned that the United States-Mexico border will be chaotic in the coming days as the Title 42 pandemic restrictions are...

Hong Kong’s Controversial Bill on Overseas Lawyers and Marcos Jnr’s Call for Swift Code of Conduct in South China Sea

In a controversial move, the Legislative Council of Hong Kong passed a bill on Wednesday allowing local authorities to prevent overseas lawyers from participating...

Imran Khan’s Arrest: A Wake-Up Call for Democracy in Pakistan

Imran Khan, a former cricket star and one of Pakistan's most influential political figures, was arrested on Tuesday amid high drama and chaos. Dozens...

Ozon Global expands into China, opens office in Shenzhen to attract more sellers and offer wider range of products

The past two years have seen a rapid increase in the number of Chinese sellers on Russian e-commerce platforms, with Chinese products now accounting...

China Urges US to Stop Suppressing Foreign Companies, Following TikTok Ban on Federal Devices

In a daily news briefing on Tuesday, China urged the US to stop suppressing foreign companies by overstretching the concept of national security, following...

Chinese envoy urges UN to investigate Nord Stream pipeline destruction

China has called on the United Nations to take an active role in safeguarding the security of cross-border infrastructure, citing evidence that the destruction...

China and Iran’s Trade Relationship Continues to Thrive, with $15.8 Billion in Total Trade for 2022

China and Iran have been long-standing trade partners for over a decade, and that trend has continued into 2022. According to the Ministry of...

China’s Xiamen launches its first BRICS air cargo route to Brazil

Xiamen, a bustling coastal city in southeast China, has just announced the launch of a cutting-edge air cargo and logistics service connecting it to...

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