US President Donald Trump has launched an economic attack on buyers of Russian oil by imposing 25% tariffs on goods from India. This could destabilize global markets and create political risks for Trump himself.
A state-owned explosives manufacturer in Russia acquired Siemens equipment through an intermediary that procures technology from Chinese wholesalers. This allowed for the expansion of production despite Western sanctions.
The flagship Volkswagen Touareg SUV will cease production by 2026 without a direct replacement. The company will focus on more affordable models, such as the Tayron, due to declining profitability.
US President Donald Trump is considering whether to punish Russia. Instead, he announced a summit with Putin. Trump also informed European leaders about a possible meeting with Putin and Zelensky, for which Moscow, it seems, has not provided sufficient assurances.
Oil prices were little changed on Friday but are heading for their biggest weekly losses since late June due to new US tariffs. Investors are concerned about the impact of the tariffs on the global economy and oil demand.
Indian state-owned oil refineries are suspending spot purchases of Russian crude oil. This comes amid increased pressure from Washington and the imposition of tariffs on Indian exports.
Ukraine's foreign trade deficit in goods for January-July 2025 reached $22. 7 billion, which is 37.58% more than last year. Total trade turnover amounted to $69.1 billion, imports – $45.9 billion, exports – $23.2 billion.
In July 2025, China increased crude oil imports by 11. 5% to 47.2 million tons. The growth is due to high activity of state-owned oil refineries.
China is deliberately prolonging the war in Ukraine, strengthening military and economic cooperation with Russia. Beijing considers the conflict beneficial for weakening the United States. This position nullifies Western peace initiatives.
In the tourist city of Xiatata in Xinjiang, a cable on a suspension bridge broke, killing five people and injuring 24. The authorities closed the area and launched an investigation into the incident, which occurred on August 6 at 6:18 PM local time.
The new Xpeng P7 electric sedan received 10,000 orders in 6 minutes and 37 seconds after pre-sales began in China. The car is available in versions with a range of 820 km, 750 km, and 702 km, and is offered in six body colors.
The US is doubling tariffs on Indian goods as punishment for purchases of Russian oil. This creates a dilemma for India, which has long-standing relations with Moscow.
New tariffs introduced by US President Donald Trump have come into force, raising the average US tariff rate to 15. 2%. This is the highest figure since World War II, posing a new challenge for the global economy.
Oil prices rose 1% after US inventories fell and exports increased. Macroeconomic uncertainty due to US tariffs on Indian goods limits growth.
US President Donald Trump announced that a decision on additional tariffs on Chinese goods is close to being made. This is related to Beijing's trade with Russia, but the exact date of the restrictions' introduction is unknown.
Chinese Foreign Minister Wang Yi considers the start of negotiations between Russia and Ukraine an important step forward, indicating a critical moment in the settlement. He also mentioned the "six-point consensus" between China and Pakistan, which, in his opinion, contributed to de-escalation.
Donald Trump said the US is close to a trade deal with China. He will meet with Xi Jinping by the end of the year if a deal is reached.
The European Union is preparing to impose sanctions against China due to its support for Russia in the war against Ukraine. This decision is related to the supply of Chinese drone engines to Russia through shell companies.
The global rise in gold prices is driven by the protectionist policies of the US, which have undermined confidence in the dollar. Investors and countries are seeking alternatives, reorienting towards gold and the euro.
Pakistan's Foreign Ministry called reports of Pakistanis' participation in the war in Ukraine baseless. The government will discuss this issue with the Ukrainian authorities and request clarification.
The Hyundai Elexio electric crossover, developed for China, may enter global markets, including Australia. Hyundai Australia CEO Don Romano confirmed that the car is undergoing evaluation for the Australian market.
Sean Duffy, NASA's acting administrator, will announce accelerated plans to build a nuclear reactor on the Moon. This comes amid the agency's budget cuts and the US's desire to outpace China and Russia in space exploration.
US Ambassador to NATO Matthew Whitaker stated that Trump's policy is pushing Russia towards negotiations with Ukraine. The next step will be secondary sanctions and tariffs against countries buying Russian oil.
From January to July 2025, Gazprom exported 9. 93 billion cubic meters of gas to Europe, which is the lowest figure since the early 1970s. This happened after the loss of transit through Ukraine, which led to an almost twofold decrease in supply volumes.
President Zelenskyy recorded the participation of mercenaries from China, Pakistan, Tajikistan, Uzbekistan, and African countries in the battles in the Vovchansk direction. The information was provided by commanders during the President's visit.
President Zelenskyy met with soldiers of the 57th brigade in the Vovchansk direction, discussed the situation, and presented awards. The soldiers report the participation of mercenaries from Asia and Africa.
Andriy Yermak, head of the President's Office, believes that this week the world may get a chance to stop the war waged by Russia. He emphasized that Trump's ultimatum to Russia is important, and Ukraine appreciates its clarity.
The price of gold at the beginning of August 2025 reached 134,480 hryvnias per troy ounce, which is more than 20% higher than in December 2024. Global demand for gold increased by 3%, with investment demand rising by 78%, and demand for jewelry decreasing.
As of July 31, watermelon is the sales leader, followed by plum and nectarine. Melon prices are rising, while apples and grapes are getting cheaper.
China refused to stop purchasing oil from Iran and Russia, citing national energy interests. Beijing stated that coercion and pressure would not succeed.
