3 d. ago Japan’s political turmoil will weigh heavily on its economy, and beyond

Are politicians dispensable, and can elite bureaucrats run a country more efficiently? The question has become one of more than academic importance in Japan, where the political situation has degenerated into chaos as potential leaders and their parties vie for power. This is a question that has considerable economic and financial as well as political significance. Japan is a key trade, investment and security partner to other leading nations in and beyond Asia and its financial markets are...

Politics

5 d. ago After India, US tells Japan to stop importing Russian energy

US Treasury Secretary Scott Bessent said on Wednesday that he told Japanese Finance Minister Katsunobu Kato that the Trump administration expects Japan to stop importing Russian energy. “Minister Kato and I also discussed important issues pertaining to the US-Japan economic relationship and the Administration’s expectation that Japan stop importing Russian energy,” Bessent said on social media after the two met on Wednesday. Bessent and Kato met on the sidelines of the annual International...

Politics

7 d. ago How India’s purchases of Russian oil are reshaping global energy trade

Western sanctions on Russia following its invasion of Ukraine have shifted global energy flows, with India and China emerging as prominent buyers of Russian oil. The question is no longer from whom New Delhi and Beijing will purchase energy, but in which currency they will pay. Amid warming ties between India and China following US President Donald Trump’s imposition of sweeping tariffs on Indian exports after New Delhi refused to stop purchasing Russian oil, Indian traders are reportedly asking...

Politics

7 d. ago Trump’s tariffs are pushing India closer to Russia and China

Western sanctions on Russia following its invasion of Ukraine have shifted global energy flows, with India and China emerging as prominent buyers of Russian oil. The question is no longer from whom New Delhi and Beijing will purchase energy, but in which currency they will pay. Amid warming ties between India and China following US President Donald Trump’s imposition of sweeping tariffs on Indian exports after New Delhi refused to stop purchasing Russian oil, Indian traders are reportedly asking...

Politics

9 d. ago Russian attacks on Ukraine’s power grid intensify as winter approaches

Russia attacked Ukraine’s power grid overnight into Sunday, part of an ongoing campaign to cripple Ukrainian energy infrastructure before winter. This came as Moscow expressed “extreme concern” over the United States potentially providing Tomahawk cruise missiles to Ukraine. Kyiv regional Governor Mykola Kalashnyk said two employees of Ukraine’s largest private energy company, DTEK, were wounded in Russian strikes on a substation in the region. Ukraine’s Energy Ministry said energy...

Events

1 week ago Kyiv plunged into darkness after Russian strikes on energy grid

Large parts of Kyiv were plunged into darkness in the early hours of Friday after Russian drones and missiles struck Ukrainian energy facilities, cutting power and water to homes and halting a key metro link across the Dnipro River. In the latest mass attack targeting the energy system as winter approaches, electricity was interrupted in nine regions and over a million households and businesses were temporarily without power across the country. Ukraine’s prime minister called it one of the...

Events

4 w. ago Trump Presses Europe to Cut Russian Energy and Target China with Tariffs

Trump Presses Europe to Cut Russian Energy and Target China with Tariffs  Crude Oil Prices Today | OilPrice.com

Politics