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Economy



Ukraine and US take first step toward strategic minerals deal

KYIV/WASHINGTON,  Ukraine announced that it had signed a memorandum of intent with the United States as an initial move toward establishing a broader agreement on the development of mineral resources within Ukrainian territory. The initiative has been strongly advocated by former U.S. President......

UK Economy Faces Unexpected Contraction in January

The United Kingdom’s economy experienced an unexpected contraction in January, with Gross Domestic Product (GDP) shrinking by 0.1% following a 0.4% increase in December, according to the Office for National Statistics (ONS). This economic downturn presents a fresh challenge for the government as......

Record Military Budget Approval by Putin A Heavy Toll on Russia's Economy Amid the War in Ukraine

Russian President Vladimir Putin has approved an unprecedented defense budget for 2025, allocating approximately $126 billion, or 13.5 trillion rubles, to the national defense sector. This amount constitutes 32.5% of the total government spending, marking a significant rise from the previous year’s......

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