Biden Administration to Impose New Sanctions on Iran for Its Arms Sales That Bolster Russia's Defense Against Ukraine

The Biden administration is reportedly preparing to announce new sanctions on Iran in retaliation for its arms sales that have fortified Russia's defenses amid war with Ukraine.

EU Blacklists North Korea’s Defense Minister, Chinese Firms for First Time in New Sanctions Over Russia's War in Ukraine

The European Union (EU) has agreed to ban exports to three Chinese companies and blacklist North Korea's Defense Minister in new sanctions for the second anniversary of Russia's invasion of Ukraine...

Elon Musk's Tesla Plans to Expand Gigafactory in Germany Hit a Roadblock — Here's Why Locals Vote It Down

Residents of the Grünheide town in Brandenburg, Germany, have rejected plans by Elon Musk's electric carmaker, Tesla, to expand its factory in the municipality just outside Berlin in a non-binding vot..

North Korea's Kim Jong Un Receives Car From Russia's Vladimir Putin in Another Sign of Warming Ties Between the 2 Countries

North Korea's leader, Kim Jong Un, has reportedly received a car from Russia's President Vladimir Putin as a personal gift...

Latest News

Oil Giant BP Pauses All Tanker Transits Through Red Sea Due to Houthi Attack Fears
Oil giant British Petroleum (BP) has temporarily halted all its tanker transits via the Red Sea after attacks on ships by Iranian-backed Houthi militants based in Yemen escalated.
Shipping Giants Maersk and Hapag-Lloyd Suspend Red Sea Travel After Houthi Rebel Attacks
Shipping giants Maersk and Hapag-Lloyd have temporarily suspended their container ship travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East, citing security risks.
China's Mixed Economic Data: Industrial Expansion at Fastest Pace Since 2022; Retail Sales Growth Misses Expectations
China has reportedly recorded its fastest industrial expansion since February 2022 in November.
JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan
JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
Argentina Devalues Its Currency by 50% as Part of Shock Economic Measures
Argentina has announced a sharp devaluation of its currency, the Argentine peso, which will be devalued by 50%.
IMF Approves $900 Million for Ukraine as Volodymyr Zelenskyy Makes Plea for US Aid Ahead of Joe Biden Meeting
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine.
US, China Risk a 'New Cold War' as Economic and Trade Conflicts Escalate, IMF Official Warns
The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.
Biden Under Scrutiny for Supplying Tank Shells to Israel Without Congress' Approval
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
Vladimir Putin: Russia Becoming 'New Global Growth Center' Despite Western Isolation
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 e
Italy Formally Withdraws From Belt and Road Agreement With China
Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances.
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