China
China will focus on technological self-sufficiency and innovation in a new five-year plan, which will begin in 2026. The country's government has outlined key priorities, including the development of its own semiconductor supply chain and stimulating domestic demand.
The upcoming Trump-Xi meeting in South Korea next week could resolve many issues. Trump stated that he would discuss Russia's war against Ukraine with Xi.
Ukrainian President Volodymyr Zelenskyy thanked the EU for adopting the 19th package of sanctions against Russia, which covered the oil and gas sector, the shadow fleet, and the defense-industrial complex.
The Official Journal of the EU has published the content of the 19th sanctions package, adopted on October 23. The restrictions apply to 116 vessels of the "shadow fleet" and 44 legal entities from various countries, including Russia, Hong Kong, China, India, and Thailand.
China opposes unilateral US sanctions against Rosneft and Lukoil. Beijing believes that such measures have no basis in international law and are not authorized by the UN Security Council.
The European Council is preparing a decision on financing Ukraine's needs in 2026-2027, including the procurement of military equipment. European Council President António Costa stated that support would continue "as long as it takes," and President Volodymyr Zelenskyy emphasized the need to increase pressure on Putin.
Automaker BMW is betting on the use of recycled parts to achieve its sustainability goals. The BMW iX3 is made from one-third recycled materials and is the company's most advanced electric vehicle.
The European Union has adopted its 19th package of sanctions, targeting Russian banks, cryptocurrency exchanges, and organizations in India and China. The EU is also restricting the movement of Russian diplomats to counter destabilization.
Russian oil supplies to major Indian refineries will drop to near zero due to US sanctions against Rosneft and Lukoil. India, which purchased over 36% of its oil imports from Russia this year, will now seek suppliers in other countries.
Brent and WTI crude futures jumped 3% after the US imposed sanctions on Rosneft and Lukoil, forcing Indian buyers to reconsider purchases. This caused oil prices to rise, but experts doubt a long-term structural shift in the market.
Chinese company Wuling has released a new mini electric car Aishang A100C with a price starting from 39,800 yuan ($5600). This subcompact city hatchback was developed jointly with General Motors and seats four passengers.
The European Union approved the 19th package of sanctions against Russia on October 22, Rikard Jozwiak reported. The package includes a ban on imports of Russian liquefied natural gas from 2027 and targets Russian banks, lenders in Central Asia, cryptocurrency exchanges, as well as two Chinese refineries and a trading company.
The European Union is preparing its 19th package of sanctions against Russia, for the first time including two independent Chinese oil refineries and one trading company. These entities are involved in circumventing Western restrictions, increasing pressure on Beijing.
Austrian Chancellor Christian Stocker will undergo scheduled back surgery next week due to persistent pain. After the operation, the 65-year-old politician will perform his duties remotely.
The European Union is preparing to approve the 19th package of sanctions against Russia, which includes a ban on imports of Russian liquefied natural gas from 2027. The package also targets Russian banks, lenders in Central Asia, and cryptocurrency exchanges, expanding trade restrictions and blacklisting oil tankers.
Andriy Kovalenko, head of the Center for Countering Disinformation at the National Security and Defense Council of Ukraine, stated that the demonstrative launch of the Yars intercontinental ballistic missile towards the United States is an information operation aimed at damaging Donald Trump's image. He noted that Russia, as a raw material appendage of China, acts with the consent of geopolitical opponents of the United States.
In the second quarter of 2025, housing prices in the EU increased by 5. 4%, and rents by 3.2% compared to the same quarter of 2024. London and Paris remain leaders in the highest rental prices.
Oil prices rose by more than 1% for the second consecutive day due to risks of supply disruptions and hopes for a trade deal between the US and China. The US also plans to replenish its strategic oil reserves.
The US stock market is showing growth, approaching historical highs, as companies begin to report summer earnings. Shares of General Motors, RTX, Danaher, and Coca-Cola exceeded analysts' expectations, while some tech giants, such as Alphabet, are showing declines.
European Investment Bank President Nadia Calviño announced the mobilization of €250 billion by 2027 for the development of high technologies. The goal is to maintain Europe's competitiveness with China and the US and to create 1,000 European technology giants.
Gold prices fell on Tuesday after hitting a record high, as investors took profits amid expectations of a Fed interest rate cut. The spot price of gold fell by 0.3% to $4,340.29 per ounce.
Brent and WTI crude futures fell amid oversupply concerns and demand risks. Analysts predict an oil surplus until 2026, which could lead to further price declines.
Chinese company Unitree Robotics presented the bionic humanoid robot H2, which is 180 cm tall and weighs 70 kg. A video demonstration showed its high agility, smooth movements, and excellent balance.
The United States and Australia have entered into an agreement to expand the supply of rare earth and critical minerals, which includes an investment of $8. 5 billion in Australian projects. This partnership aims to reduce dependence on China, which controls a significant share of the extraction and processing of these materials.
Trump said he would soon meet with Chinese leader Xi Jinping and expected a very fair deal to be concluded.
Russian Railways is preparing to cut management staff and freeze hiring due to declining transportation volumes. The company's net profit for the first half of 2025 fell by 95%, and the investment program was cut by 40%.
Sales of Apple's latest iPhone 17 model increased by 14% in the first 10 days in the US and China compared to the iPhone 16. Demand for the base iPhone 17 significantly exceeds last year's model due to an improved display, larger storage, and an updated A19 chip.
UK Defence Secretary John Healey announced that the army would be authorized to shoot down drones threatening the country's military bases. This decision was made in response to the growing threat from Russia and after a series of drone incursions into European airspace.
Bitcoin recovered to $110,000 amid expectations of a Fed interest rate cut and stabilization of the trade war between the US and China. Other cryptocurrencies such as Ether, XRP, BNB, Solana, Cardano, and Dogecoin also showed growth.
Brent crude futures fell to $61. 05 a barrel, and US West Texas Intermediate crude to $57.3. This decline marks the third consecutive weekly drop, driven by concerns about a global supply surplus and slowing economic growth due to US-China trade tensions.