Russia’s Fuel Oil Shipments to Saudi Arabia Rise by 9% in June
In June 2023, Saudi Arabia became the largest importer of Russian fuel oil and gas oil following the EU’s embargo,…
U.S. Trade Deficit Narrows to Two-Year Low
In April 2025, the U.S. trade deficit shrank to a two-year low due to a record drop in goods imports.
U.S. Economy Shrinks 0.3% Amid Trump Tariff Surge
The U.S. economy shrank by 0.3% in Q1 2025 due to new Trump tariffs, raising fears of recession and global…
Britain strengthens defence industry by cutting arms import dependence
Britain is ramping up weapons production to reduce reliance on imports from the U.S. and France, boosting its defence industry…