Complying with President Jose Biden's administration sanctions on Russia, United States refiners imported some 1.3 million barrels per day (bpd) of Latin American crude and fuel oil, the highest level in seven months, according to US customs data.
The intense heat wave in India which has turned out to be the hottest spring in the last one hundred years is having its impact on people, fauna and agriculture. Thermometers recording 50 degrees centigrade, and the lack of water, has forced the government in New Delhi to halt all wheat exports, in anticipation of any shortages that could lead to extreme situations.
Turkish President Recep Tayyip Erdogan Friday voiced his opposition to admitting Finland and Sweden into the North Atlantic Treaty Organization (NATO).
The Government of Finland Thursday confirmed its country's intention to join the North Atlantic Treaty Organization (NATO), President Sauli Niinistö and Prime Minister Sanna Marin announced Thursday.
The European Union aims to finalize and sign at least three stalled trade agreements this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine.
Argentine President Alberto Fernández Tuesday met in Madrid with Spanish Prime Minister Pedro Sánchez on the first day of his European tour which will also include encounters with German Chancellor Olaf Scholz and French President Emmanuel Macron.
Speaking before the European Parliament in Strasbourg and later in Berlin, French president Emmanuel Macron proposed a new “European political community,” which would include both members and non-members of the EU, and thus incorporating Ukraine and even possibly the United Kingdom.
The European Union is set to give some member states heavily dependent on Russian oil – such as Hungary and Slovakia – time until the end of 2024 to comply with the proposed embargo on oil imports from Russia, as the bloc is looking to keep a united front against Putin and his invasion of Ukraine, reported Bloomberg on Friday.
Russian soldiers have reportedly looted some five million dollars worth of agricultural state-of-the-art equipment from Ukraine, but it is not clear whether they have been able to man it, given their sophisticated software system.
The Bank of England on Thursday increased for the fourth consecutive time the base rate interest to 1% in an attempt to contain inflation and despite admitting the prospect of recession. The energy crunch, the Russian war in Ukraine, and lesser household incomes are expected to contribute to weaker growth.