OPEC+ to boost oil output by 548,000 bpd in August to regain market share
OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure f...
Russia and the United States have announced significant progress toward resolving the ongoing Ukrainian conflict, with both sides noting the emergence of conditions conducive to initiating negotiations for a lasting peace.
The announcement followed a phone call on Sunday night between Russian Foreign Minister Sergey Lavrov and U.S. Secretary of State Marco Rubio. According to Russia’s Foreign Ministry, the call was a "productive exchange of views," focusing primarily on the Ukrainian crisis and the broader diplomatic engagement between the two nations.
Lavrov and Rubio emphasized the importance of consolidating the emerging prerequisites for opening negotiations, aiming to establish a reliable path to long-term peace. The conversation also built upon the previous discussions between Russian President Vladimir Putin and U.S. Special Envoy Steve Witkoff on April 25, which focused on peace efforts in Ukraine.
In addition to the Ukrainian issue, other global matters were discussed, and both diplomats agreed to maintain continued communication at all levels moving forward. The talks signify a potential breakthrough in diplomatic efforts to address the ongoing conflict and lay the groundwork for future negotiations between Russia and the U.S.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
While the White House touts strong job gains as the “Trump effect,” economists caution that aggressive immigration enforcement may undermine labour supply and long-term economic growth.
OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure from U.S. President Donald Trump to help ease fuel prices.
The 17th Summit of the Economic Cooperation Organization (ECO) took place in Khankendi on 3–4 July 2025, focusing on “A New Vision of ECO for a Sustainable and Climate-Resilient Future.” The summit, initiated by President Ilham Aliyev, highlighted reconstruction in liberated territories and set econ
Japan plans to export six used naval destroyers to the Philippines to bolster its maritime defence capabilities against China's growing presence, Japanese media reported Sunday.
President Donald Trump has signed into law a $170 billion immigration enforcement package, setting the stage for an unprecedented expansion of U.S. border and deportation infrastructure.
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