Tag Archives: world

The rush to impose sanctions on Russia, and the departure of scores of companies from the country, following the launch of the military operation in Ukraine was done with a specific calculus: To devastate the Russian economy. However, in a globalized world where everything is linked, all actions have consequences. …

Elon Musk, the world’s richest man, has tweeted in praise of the recession facing the US in response to a follower’s question, suggesting it’s actually a “good thing” because “it has been raining money on fools for too long.” He blamed “Covid-19 stay-at-home stuff” for “tricking” people into thinking they …

The confrontation between Western nations and Russia amounts to “total war,” Russian Foreign Minister Sergey Lavrov said on Friday during a meeting with the heads of Russian regions. Russian society and major political forces support the government’s decision to face this challenge, he added. Western nations “are doubling, tripling, and …

Western nations that are trying to punish others with economic sanctions are overestimating their strength, Russian President Vladimir Putin said during the Eurasian Economic Forum on Thursday. “More and more countries in the world want and will pursue independent policy,” he said at the international event. “No ‘world policeman’ can halt this …

China put 581km (361 miles) of new railway lines into service in the first four months of the year, Xinhua reported on Tuesday, citing data from China State Railway Group. This includes 358km of high-speed railway, data shows. The country saw 157.46 billion yuan (over $23.21 billion) in fixed asset …

China has unveiled the world’s first autonomous drone carrier vessel, which can be used for both maritime research and security purposes, hosting dozens of unmanned planes, local media have reported. According to the South China Morning Post, the launch of the 88-meter ship named Zhu Hai Yun took place on …

When it comes to future pandemics, a lack of progress on international health regulation coupled with economic woes may have left the world in a “worse place” than before the onset of Covid-19, according to a new World Health Organization (WHO) report. The international community’s pandemic-response tools are still inadequate, …

Estonia’s Prime Minister Kaja Kallas has urged fellow world leaders to stop calling Vladimir Putin, as the international attention, in her opinion, prevents the Russian president from properly feeling his ‘isolation.’ In an interview with EURACTIV on Monday, Kallas suggested that, at present, amid Moscow’s ongoing military offensive in Ukraine, …

The Russian ruble has eclipsed 31 major currencies in growth since the start of 2022, becoming the globe’s best-performing currency, Bloomberg reported on Wednesday. According to the publication, the ruble has strengthened against the US dollar by more than 11% since the beginning of the year. On the international currency …

President Joe Biden on Monday signed the Lend-Lease Act of 2022 into law. The Act, previously used to arm the Allies of World War II, will expedite American arms shipments to Ukraine, and has been warmly welcomed in Kiev. Speaking as he signed the act at the White House, Biden …