Russia seizes assets worth $50 BN in three-year ‘fortress’ push
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' ...
Pyongyang has strongly condemned Washington's push for "strategic flexibility" of US forces in South Korea, warning it could spark regional conflict and accusing the U.S. of pursuing hegemony in the Asia-Pacific.
North Korea on Tuesday denounced the United States for seeking "strategic flexibility" in the deployment of its troops stationed in South Korea, calling it an “attempt of aggression” and warning it could trigger instability across Northeast Asia.
In a strongly worded commentary published by the Korean Central News Agency (KCNA), Pyongyang accused the U.S. of preparing to broaden the role of U.S. Forces Korea (USFK) to counter China’s “growing assertiveness” in the region.
“The strategic intention of the U.S. is clear—to maintain its hegemonic grip on the Asia-Pacific under the pretext of regional threats,” KCNA said. The commentary slammed the move as “extremely provocative” and warned that such flexibility would “ignite various elements of conflict” and “bring about a huge chain explosion.”
Speculation has grown in recent weeks that Washington may seek to expand the USFK’s operational scope beyond the Korean Peninsula to include broader regional engagements, particularly as part of efforts to counterbalance China.
KCNA also issued a pointed warning to Seoul, stating that South Korea would serve as the primary forward base and its military could be drawn into war under what it called a “subordinated structure” of the U.S.-South Korea alliance.
“The evermore reckless provocative acts of the enemies with the appearance of the present U.S. administration are giving us the justness and urgency for updating and building the most overwhelming and offensive deterrent,” the North added, signaling that it may ramp up its own military posture in response.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
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.
Shipments of antimony to the United States have jumped to more than 3,800 tonnes in five months via Thailand and Mexico, customs data show, as buyers find back-door routes around Beijing’s export ban on critical minerals bound for the U.S.
From launching 25% duties on Mexican goods in February to unveiling a 50% levy on imported copper on Monday, U.S. President Donald Trump has fired off a rapid-fire series of tariff moves that has jolted financial markets and unsettled global supply chains.
Russian Foreign Minister Sergey Lavrov will visit North Korea from 11th to 13th July, - Foreign Ministry Spokeswoman Maria Zakharova announced during a press briefing today.
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' economic model, the Kommersant business daily reported on Wednesday.
A major rescue operation was underway on Wednesday to locate missing crew members from the Eternity C, a cargo vessel that sank in the Red Sea following a series of attacks that left at least four crew members dead.
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