Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
United States
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
The United States hits a "significant milestone" in the fight to bring down inflation, and President Joe Biden acknowledged this positive development in a statement.
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
A newly declassified US intelligence report revealed that China escalated its interference efforts in the 2022 US midterm elections because Beijing believed that President Joe Biden's administration would not retaliate.
The chief economist of Goldman Sachs is anticipating the end of the pandemic-era inflation soon, as the world economy has now entered a period of "The Great Disinflation."
Japan's Nippon Steel has secured a deal to buy US Steel for $14.9 billion.
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine.
The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
The US workforce added 199,000 jobs in November, and the unemployment rate fell to 3.7% as the world's largest economy continues to struggle with higher interest rates.
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."
The United States (US) has issued long-awaited guidance that will limit China's role in electric vehicles (EVs).
Amid signs of an economic slowdown, ING Economics predicts that the US Federal Reserve will cut interest rates six times in 2024.
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