Economy

Tangshan steel plants to halt operations from Aug 25–Sep 3, 2025, to improve air quality before Beijing celebrations. Output to drop by 90,000 tonnes per day.

Russia’s GDP grew by 1.5% in Q2 2025, avoiding recession, but the growth was driven mainly by government and military spending.

Germany’s exports to Ukraine increased by 30% in 2025, while Ukrainian exports to Germany decreased by 4.5%. Read more about the trade statistics for the first half of 2025.

Trump signed an executive order imposing a 25% tariff on imports from India, related to Russian oil, as part of a strategy to pressure countries trading with Russia.

Tim Cook stated that Apple is ready to invest more to catch up with competitors in AI by building new data centers or acquiring larger players in the field.

Turkey has launched a gas pipeline to supply Azerbaijani gas to Syria, aiming to restore electricity after the fall of Bashar al-Assad’s regime.

Kazakhstan and Turkey discussed the possibility of increasing oil exports through the Baku-Tbilisi-Ceyhan pipeline.

Open banking has been introduced in Ukraine, allowing the sharing of banking information with third parties. Find out how it will impact the financial market in our latest article.

In June 2023, Saudi Arabia became the largest importer of Russian fuel oil and gas oil following the EU’s embargo, according to Baltimore Chronicle.

Oil prices increased following positive trade negotiations news between the U.S. and Japan, but geopolitical factors such as the Ukraine war and sanctions maintain market tension.