TL;DRThe Russian central bank has lowered its key interest rate to 14 percent to support the economy. At the same time, an increased inflation risk is anticipated.
TL;DRThe EU has adopted a new package of sanctions against Russia, including cryptocurrency platforms for the first time. The measures aim to prevent the circumvention of existing sanctions.
TL;DRThe German battery manufacturer Varta has filed for preliminary debtor-in-possession insolvency. This legal step allows the company to restructure its operations under court supervision while maintaining business operations.
TL;DRTensions have intensified between China and other coastal states in the South China Sea, with China's territorial claims impacting ASEAN meetings and Sino-American relations. These claims are a significant point of contention influencing regional diplomacy and international relations.
Finance & Stock MarketForeign PolicyWars & Military
TL;DRThe Volkswagen Group recorded a decline in profit in the second quarter. This represents a drop of one third compared to the same period last year.
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