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US approves emergency sale of arms to Israel

The Biden administration has bypassed Congress to provide tank ammunition for Israel’s war against Hamas US President Joe Biden’s administration has circumvented congressional authority over military aid to Israel by granting emergency approval for selling $106.5 million of tank ammunition needed for the war effort against Hamas in Gaza.

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Russian trade with West forecast to plunge

Sanctions have pushed Moscow towards expanding cooperation with Asia and the Middle East Russia’s trade with ‘unfriendly’ countries has dropped threefold since 2021 and is on course for a further decline, according to a report from the Russian Center for Strategic Research (CSR) published on Saturday. The term ‘unfriendly’ refers to Western countries and their…

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China posts fastest deflation in three years

Consumer prices fell 0.5% year-on-year in November, the steepest decline since 2020 The pace of consumer price drops in China accelerated last month, indicating that the country’s post-pandemic economic recovery may take longer than previously expected, according to data from China’s National Bureau of Statistics published on Saturday.

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