Japan recognized China's military cooperation with Russia as a serious security threat that could change the Indo-Pacific region. Beijing criticized the report, calling it an "incorrect perception of China."
Two drones attacked the Peshkabir oil fields in northern Iraq, operated by the Norwegian company DNO ASA. As a result of the attack, the field was damaged, but no one was injured.
Oil prices rose on Wednesday on expectations of sustained summer demand in the US and China. Brent and WTI futures rose, reversing a two-day decline.
Larry Ellison for the first time took second place among the world's richest people, surpassing Mark Zuckerberg. This happened after the rise in Oracle Corp shares, which increased his fortune to $251.2 billion.
Russian President Vladimir Putin intends to continue the war in Ukraine, ignoring Donald Trump's threats of sanctions.
Chinese leader Xi Jinping pledged to strengthen support for Russia in multilateral forums after meeting with the Russian Foreign Minister. This happened after US threats to impose tariffs on Moscow's trading partners.
Global sales of electric vehicles and plug-in hybrids increased by 24% in June, reaching 1. 8 million units. Sales in China and Europe showed significant growth, while the US recorded a 1% decline.
Despite initial resilience to US tariffs, China's economy is showing a slowdown in growth. A drop in new housing prices and a slowdown in retail sales have been recorded, indicating the impact of the prolonged crisis in the real estate market.
Coffee chain Starbucks has introduced a "secret menu" in its app, featuring variations of popular drinks and customer creations. Users can access it on the "offers" tab and order directly.
China plans to purchase 140 million barrels of oil for its strategic reserves by the first quarter of 2026, as long as prices remain below $80 per barrel. This will ensure a high level of imports and soft commercial demand.
Nvidia plans to resume sales of H20 AI chips in mainland China, having received assurances from the US government regarding licensing. Chinese companies, including ByteDance and Tencent, are already placing orders for these chips.
Oil prices fell after Donald Trump's 50-day deadline for Russia to end the war in Ukraine eased supply concerns. Brent and WTI futures fell 0.2% as Trump's softening stance on sanctions and his tariff plan impacted the market.
New research has shown that air purification from pollution in East Asia, especially in China, has led to an acceleration of global warming. This is due to the reduction of the cooling effect of sulfate aerosols, which previously masked some of the warming from greenhouse gases.
Iran and the US have failed to agree on the time, date, and location for resuming talks on Tehran's nuclear program. Iran will not return to negotiations without confidence in their effectiveness, demanding guarantees against future attacks.
On July 14, President Volodymyr Zelenskyy offered the position of Prime Minister of Ukraine to First Deputy Prime Minister - Minister of Economy Yulia Svyrydenko. She was born in Chernihiv in 1985, has experience in the economic sphere and public service.
China's coal imports in June 2024 reached their lowest level since February 2023, falling by 11% in the first half of the year. This is due to weak demand caused by the shrinking real estate market and a slowdown in heavy industry.
US senators have advertised a bipartisan bill that would give President Trump powerful sanctions against Russia. This comes amid a cooling of Trump's relations with Putin and the US president's readiness to increase pressure on the Russian Federation.
Oil prices rose by more than 2% due to expectations of new US sanctions against Russia. Increased production by Saudi Arabia and uncertainty with tariffs limit price growth.
US Deputy Secretary of Defense Elbridge Colby wrote a memo in early June outlining how Ukraine's requests for American weapons could deplete Pentagon arsenals. This became one of the key factors influencing the White House's decision.
The United States of America will provide Ukraine with a record supply of weapons in the coming days. The US Congress is also preparing to adopt the toughest package of sanctions in the country's history, aimed at those who support Russia.
The Pentagon is demanding that Japan and Australia clearly define their actions in the event of a US-China war over Taiwan, causing frustration among allies. This is part of US efforts to strengthen deterrence and prepare for a potential conflict.
Chinese Foreign Minister Wang Yi's statement about not wanting Russia to be defeated in Ukraine contradicts Beijing's public statements about neutrality. ISW analysts believe this indicates an interconnected future for Beijing and Moscow.
US Secretary of Defense Pete Hegseth has issued new directives to accelerate the production and deployment of drones in the US army. This will allow commanders to independently purchase and test drones, removing bureaucratic restrictions.
The US Senate Armed Services Committee approved the National Defense Authorization Act, which provides for $500 million in aid to Ukraine and extends the Security Assistance Initiative until 2028.
The updated War&Sanctions database now contains information on 626 vessels of the Russian and Iranian "shadow fleet" that ensure illegal oil supplies bypassing sanctions. Among them are 20 Russian tankers and 11 Iranian vessels that finance the war and attacks on Ukraine.
The Russian coal industry is experiencing a crisis due to high borrowing costs, sanctions, and falling demand in China. Only half of the companies remain profitable, and some mines have suspended production.
South Korea, the US, and Japan conducted joint air exercises over international waters near Jeju Island, involving a B-52H bomber. This is part of efforts to strengthen the response to nuclear and missile threats from North Korea.
Oil prices rose after Trump's statement about possible sanctions against Russia, but fears about tariffs and increased OPEC+ production limited the growth. Brent and WTI futures rose, partially recovering from the fall.
China is verifying information about the detention by the Ukrainian side of its citizens who attempted to transfer secret documentation regarding the Neptune missile system. Chinese Foreign Ministry spokeswoman Mao Ning stated that Beijing would protect the legitimate rights and interests of its citizens.
The flood on the Bhote Koshi River in Nepal, which claimed at least nine lives and left over two dozen missing, was caused by the depletion of a glacial lake in Tibet. 19 people remain missing in Nepal and 11 in China, and the "Friendship Bridge" has been destroyed.
