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Hungary investigates deal with China's BYD carmaker after ex-foreign minister takes job there

Hungary investigates deal with China's BYD carmaker after ex-foreign minister takes job there

Hungary's government is investigating a major foreign investment by Chinese automaker BYD

China's foreign minister discusses trade balance with EU lawmakers

China's foreign minister discusses trade balance with EU lawmakers

BEIJING, July 21 (Reuters) - Chinese Foreign Minister Wang Yi told a delegation of European lawmakers in Beijing on Tuesday that China and the EU should promote an "upward dynamic balance" in bilateral trade ties from a long-term perspective, according to a statement from China's foreign ministry.

A tech innovator and an old guard general are the focus of Ukraine's political crisis

A tech innovator and an old guard general are the focus of Ukraine's political crisis

One is a tech-savvy entrepreneur with no military experience who became Ukraine’s youngest defense minister six months ago, leading it to successes in defending against Russia’s 4-year-old invasion

What to know about the key challenges Andy Burnham faces as UK prime minister

What to know about the key challenges Andy Burnham faces as UK prime minister

Andy Burnham faces major challenges ahead as the latest British prime minister to take up residence in 10 Downing Street

Rosatom's Financial Struggles Impact Central Asia's Nuclear Energy Plans

Rosatom's Financial Struggles Impact Central Asia's Nuclear Energy Plans

Rosatom, Russia's nuclear entity, is facing financial difficulties, leading to cuts in its investment program and operating costs. This situation affects its agreements to build nuclear plants in Kazakhstan and Uzbekistan, raising doubts about project timelines and completion. Rosatom's challenges are linked to Russia's financial strain due to the ongoing campaign in Ukraine and international sanctions. Kazakhstan and Uzbekistan are exploring alternatives, including partnerships with Chinese companies and the United States for developing small modular nuclear plants.

Two very different men are at the heart of Ukraine's political crisis

Two very different men are at the heart of Ukraine's political crisis

One is a tech-savvy entrepreneur with no military experience who became Ukraine’s youngest defense minister six months ago, leading it to successes in defending against Russia’s 4-year-old invasion

Russian President Putin meets with North Korean foreign minister in latest high-level diplomacy

Russian President Putin meets with North Korean foreign minister in latest high-level diplomacy

Russian President Vladimir Putin met with North Korea’s foreign minister and thanked Pyongyang for supporting his war against Ukraine, in the latest high-level diplomacy meeting between the countries, Russian state media reports

Russia Continues Missile Production Using Domestic and Belarusian Components

Russia Continues Missile Production Using Domestic and Belarusian Components

Russia is reportedly continuing its missile production, utilizing both foreign electronics and components manufactured domestically and in Belarus. This includes the 'Iskander' and 'Oreshnik' missile systems, which have been used in recent military operations. Despite international sanctions, Russian and Belarusian companies are actively producing components for these systems, with some parts dating from as recently as 2023-2025. Ukrainian experts have identified components from various countries, including the U.S., Taiwan, and China, in these missile systems.

Germany Funds 50,000 Strike Drones for Ukraine Amid Ongoing Conflict

Germany Funds 50,000 Strike Drones for Ukraine Amid Ongoing Conflict

Germany is funding 50,000 attack drones for Ukraine, marking one of the largest known purchases of drones for Kyiv by a Western government. The order involves Shrike drones made by Ukrainian manufacturer SkyFall, equipped with software from U.S. defense firm Auterion. This initiative underscores Ukraine's reliance on unmanned vehicles in its ongoing conflict with Russia.

Fuel Shortages in Russia Intensify Amid Ukrainian Strikes, Affecting Daily Life

Fuel Shortages in Russia Intensify Amid Ukrainian Strikes, Affecting Daily Life

Fuel shortages are affecting most Russian regions, including Vologda, as Ukrainian strikes on Russian depots disrupt supply chains. This situation has led to long queues at petrol stations and rationing measures. The shortages are unprecedented in Russia, a major oil producer, where fuel has traditionally been abundant and affordable. The Kremlin has downplayed the crisis, attributing it to Ukraine's attempts to destabilize the Russian economy. However, the impact on daily life is significant, with many regions experiencing fuel rationing or shortages since June.

Ukraine fires 400 drones toward Moscow as Zelenskyy grapples with protests

Ukraine fires 400 drones toward Moscow as Zelenskyy grapples with protests

Ukraine has launched over 400 drones toward Moscow, according to the city's mayor

Black Sea Tensions Drive Grain Prices to Near Two-Year Highs

Black Sea Tensions Drive Grain Prices to Near Two-Year Highs

Grain prices have surged to near two-year highs due to ongoing disruptions in the Black Sea region, a critical area for global grain exports. The Chicago Board of Trade reported that wheat futures rose by 0.2% to $6.83-3/4 per bushel, while soybeans increased by 0.4% to $12.08-1/4 per bushel, and corn rose by 0.8% to $4.71 per bushel. These increases are attributed to the intensified hostilities between Ukraine and Russia, which have disrupted the Black Sea wheat export season. Recent attacks by Russia on Ukrainian Black Sea ports have further exacerbated the situation, leading to a shortage of Russian and Ukrainian wheat supplies. This shortage is compounded by already tight supplies in the U.S., Europe, and Australia due to dry weather conditions.