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Russian defense chief to make surprise visit to North Korea

The landmark trip will boost military ties between Moscow and Pyongyang, the Defense Ministry has said Russian Defense Minister Sergey Shoigu will travel to North Korea this week at Pyongyang’s invitation to attend celebrations marking the end of the Korean War, the Defense Ministry in Moscow has announced.

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Asian firms scaling back LNG purchases from Russia – Bloomberg    

Japan is asking companies to reduce imports from the sanctioned country, the outlet has said  Russian shipments of liquefied natural gas (LNG) to Asia declined by 15% to their lowest level in almost two years last month as importers sought to diversify supplies, Bloomberg reported last week, citing shipping data.

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‘Stalling’ UK economy reignites recession fears – S&P

The UK economy is “close to stalling” as business growth has slowed to its lowest level since January, hit by soaring interest rates, a survey by S&P Global Insight has indicated. Private sector activity in Britain has seen a “considerable slowdown” due to sluggish demand, spiraling inflation, and increasingly high borrowing costs, driving July’s PMI…

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