Until the global balance of power is properly reset, dreams of world peace will have to wait By Andrey Sushentsov, program director of the Valdai Club. The military crisis raging in Eastern Europe has dispelled the illusion that the era of large armies is a thing of the past. Military thinking among leading powers is…

Washington has been pressuring Riyadh to scrap its voluntary crude output cuts to lower prices for months Major oil producer Saudi Arabia is willing to increase production early next year in exchange for a defense pact with the US, the Wall Street Journal reported on Friday, citing Saudi and US sources.

The American film industry has shed 7,000 positions in September alone, official data showed The strike by script writers and actors in Hollywood has cost the US entertainment industry 45,000 jobs since May, according to an employment report published on Friday by the US Bureau of Labor Statistics.