ImaWikimedia.ge Credit: Santeri Viinamäki, CC BY-SA 4.0, Russia’s oil story has taken a sharp and unexpected turn. What initially looked like a financial lifeline driven by global tensions is now colliding with a new and costly threat from Ukraine, creating ripple effects that extend far beyond energy markets and into the global automotive ecosystem. When…
Wang Yi urged both sides to ‘create a suitable environment, manage existing differences, and eliminate unnecessary interference’. (EPA Images pic) BEIJING: China’s top diplomat condemned on Sunday the war in the Middle East and urged the United States to iron out its differences with Beijing. Foreign minister Wang Yi told a press conference in the…
Thousands of workers are falling victim to job cuts at Amazon (AMZN), UPS (UPS), Nestlé (NSRGY), and other large companies, in an economy defined by uncertainty, AI, and global tensions. Amazon said in a message to employees Tuesday that it would reduce its “corporate workforce” by approximately 14,000 roles, with impacted employees being offered time…
By SAM McNEIL and KEN MORITSUGU BEIJING (AP) — China and the European Union have issued a joint call to action on climate change during an otherwise tense bilateral summit in Beijing on Thursday riven with major disagreements over trade and the war in Ukraine. The two economic juggernauts issued a joint statement on climate…