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British lawmakers approved a 25% windfall tax on the oil and gas industry, hoping to raise an extra £5 billion ($6 billion) in one year to ease the cost of living crisis for the nation’s households, Reuters reported earlier this week.

The Global Firepower Index for 2023 is based on a secret formula and open-source intelligence Russia is right behind the US in military strength, with China rapidly catching up, the Global Firepower (GFP) website said in its 2023 rankings report, released this week.