Austria to keep buying Russian gas, energy giant says

The country will adhere to its long-term contract with Gazprom, despite securing alternate supply sources Austrian oil and gas conglomerate OMV will continue to buy most of its gas from Russia this winter, CEO Alfred Stern said in an interview with the Financial Times published on Sunday.

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China responds to Biden’s Taiwan defense pledge

Beijing says it “deplores” the US president’s latest interview, in which he indicated Washington’s readiness to defend Taiwan Beijing has issued a protest in response to US President Joe Biden’s latest remark that Washington could use its military to defend Taiwan. China considers the self-governing island to be a part of its inalienable territory that…

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Russian machine tool industry looks to recover Soviet-era glory

Demand has grown as a result of sanctions and the ongoing military operation in Ukraine A wave of sanctions and current military engagements have sharply increased demand for domestic machine tools in Russia, Semyon Yakubov, the CEO of RT-Capital, a subsidiary of state-run corporation Rostec, told business daily Kommersant on Thursday.

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