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The extreme sanctions imposed on Russia have hit industrial sectors the hardest, which have been almost entirely dependent on imports of high quality foreign made machinery for almost all of the last three decades since the fall of the Soviet Union....

Isolation, They Said: Xi Embraces Putin & Modi In Major China Summit - Trump Responds The Shanghai Cooperation Organization (SCO) summit in Tianjin, held from August 31 to September 1, was clearly an economic 'show of force' aimed at the West, which included the typical formal greetings and speeches, and group photos - but also with some not so subtle messaging. Amid the chummy atmosphere which saw Presidents Xi, Modi, and Putin share hugs, handshakes, and warm moments filled with laughter, it is intent on signaling to the world a major shift away from US-led global dominance and toward a multipolar world increasingly shaped by Asia, Eurasia, and the Global South, also coming at a moment Washington is threatening severe secondary sanctions on any nation doing business with Russia. Sputnik via AP The populations of China, India, and Russia represent over a third of the global population alone, and heads of state from over 20 more countries were also represented, among them Belarus and Slovak...

Reliance Industries Ltd.'s annual investor gatherings have long been a red-letter day in the Indian financial calendar, with shareholders anticipating ambitious targets, bold statements and a rare sighting of a billionaire lauded for his business acumen....

Global Stock Rally Fades As Ukraine Talks Continue, Focus Turns To Jackson Hole Futures are flat ahead of consumer-sector earnings kicking off today, starting with a miss by Home Depot this morning. As of 8:00am ET, S&P futures were unchanged while Nasdaq futures drop 0.1% as Mag7 names are mostly lower ex-NVDA. Semis are mostly weaker ex-INTC which gained more than 6% on news SoftBank would invest $2 billion in the chipmaker and the US would take a 10% stake. Defensives are slightly outperforming Cyclicals. Europe's Stoxx 600 rose 0.5% as signs of progress toward a peace settlement in Ukraine lifted sentiment. The dollar nudged lower. Treasuries eked out gains after S&P Global Ratings affirmed its AA+ long-term rating for the US, with the 10-year rate falling one basis point to 4.32%. Commodities are weaker dragged lower by energy despite strength in precious and Ags. BBG flags a trade escalation from Friday where Trump expanded the metals tariffs to more than 400 consumer goods, incl...

US and European officials will immediately work on providing Ukraine with robust security guarantees to open a path for a landmark meeting between presidents Vladimir Putin and Volodymyr Zelenskiy, according to people familiar with the matter. SoftBank agreed to buy $2 billion in Intel Corp. stock, a move that extends its US investment effort and offers a vote of confidence in the struggling chipmaker. - The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)...

Following US tariffs on Indian exports due to trade ties with Russia, state-owned refiners like IOCL, BPCL, HPCL, and MRPL have reportedly ceased spot market purchases of Russian crude oil. Reliance Industries and Nayara Energy, with term agreements, may continue imports. This shift could raise costs and impact refining margins, though India can transition to alternative sources....

The oil-procurement patterns of India's Reliance Industries Ltd. are coming under scrutiny after the European Union announced new restrictions on diesel made from Russian crude....

New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to European markets. Nayara faces operational difficulties and banking hurdles, while Reliance risks losing its lucrative diesel market....

Peace In Ukraine Won't End The West's Hybrid War On Russia Authored by Andrew Korybko via Substack, Their refined Hybrid War model will involve efforts to win the “tech race”, a new Western division of labor for containing Russia in Europe, and AI-generated anti-Russian infowars. Russia's natural resource wealth and new role in accelerating multipolar processes incentivize the West to continue its Hybrid War on Russia even in the event of peace in Ukraine. The US' neoconservative policymaking faction and the EU's liberal-globalists (essentially one and the same at this point) continue to perceive Russia as an enduring rival to contain and ideally dismember. That's why they're expected to refine their ongoing Hybrid War on Russia in the coming future through the following three means. The first involves their efforts to win the “tech race”, specifically in terms of AI and the Internet of Things, which they envisage will enable them to lead the “Fourth Industrial Revoluti...

This year's SPIEF was held from June 18 to 21, under the theme "Shared Values: The Foundation of Growth in a Multipolar World"...

"The primary goal is to ensure that global development remains balanced - serving the interests of as many nations as possible," the Russian president said...

Xi, Putin Embrace In Moscow, Vow To 'Defend Multipolar World Order' & Counter 'Neo-Nazism & Militarism' Chinese leader Xi Jinping and Russian President Vladimir Putin put on a big show Thursday as the Chinese president was welcomed in Moscow, where he's attending Russia's 80th anniversary Victory Day parade and events in Red Square.  The two signed a show of solidarity statement "further deepening" their partnership following talks which lasted about four hours. Chinese state media called it a "joint statement on further deepening China-Russia comprehensive strategic partnership of coordination for a new era." They are beefing up the already 'no limits' friendship and strategic partnership. China's President Xi welcomed in the Kremlin, Pool/EPA-EFE/Shutterstock The two leaders once again hailed the powerful cooperation as underpinning a multipolar world order in the face of Western hegemony.  "In today's challenging geopolitical situation and global uncer...

Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2025 Berkshire Hathaway annual meeting....

Did Russian President Vladimir Putin just endorse US President Donald Trump's plan to annex Greenland? And what exactly is Russian President Vladimir Putin and Chinese President Xi Jinping's vision for a multipolar world?...

As the US and Russia collude to revive their cold war dominance, Europe must forge a new path. A revitalised EU could challenge imperial powers and contribute to building a true multipolar order....

Aktien Frankfurt Schluss - Hoffnung auf eine Friedenslösung für die Ukraine und starke Geschäftszahlen von Siemens haben den Dax am Donnerstag erstmals über die Marke von 22'600 Punkte getrieben. Das Rekordhoch steht nun bei knapp 22'625 Zählern....

European stocks hit a record amid expectations that talks between the US and Russia will lead to an end of the war in Ukraine, and after upbeat earnings from companies including Nestle SA and Siemens AG....

FRANKFURT (dpa-AFX) - Hoffnung auf eine Friedenslösung für die Ukraine und starke Geschäftszahlen von Siemens haben den DAX am Donnerstag erstmals über die Marke von 22.600 Punkte getrieben. ......

FRANKFURT (dpa-AFX) - Hoffnung auf eine Friedenslösung für die Ukraine und starke Geschäftszahlen von Siemens haben den DAX am Donnerstag erstmals über die Marke von 22.600 Punkte getrieben. ......

Germany's refusal to budge on issue forced Moscow to turn to China for required equipment....