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' ...
South Korean President Yoon Suk Yeol is under immense pressure to resign after a failed attempt to impose martial law, sparking widespread outrage.
Despite an imminent impeachment vote and calls for his resignation from both opposition leaders and some within his own party, Yoon has refused to step down.
Tensions are at a breaking point in Seoul, where thousands of protesters have gathered outside parliament demanding Yoon’s resignation. Meanwhile, his supporters have held counter-rallies, defending his controversial decisions.
If impeached, Yoon will face a trial in the Constitutional Court, which could lead to his removal from office—echoing the 2017 impeachment of former President Park Geun-hye. Additionally, investigations are underway into allegations of insurrection and abuse of power, charges that carry severe legal consequences.
The crisis began earlier this week when Yoon declared martial law, citing threats from North Korea and anti-state forces. However, the declaration was rescinded within six hours following nationwide backlash. In a televised address, Yoon apologized for the decision, pledging not to take similar measures again.
As political tensions continue to escalate, South Korea braces for what could be one of the most defining moments in its democratic history.
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.
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.
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.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
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 Ukrainian drone strike on a beach in the Russian city of Kursk has killed at least three people, including a member of Russia’s National Guard, and left seven others injured, regional authorities reported early Wednesday.
At least nine people have died after a bridge collapsed over a river in the western Indian state of Gujarat on Wednesday, according to local police quoted by the Press Trust of India.
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