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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French diesel demand collapsing

Sales of road diesel in France saw a significant year-on-year drop of 13% in September, Bloomberg reported this week, citing industry data. Demand for diesel-type fuel at national level signals a slowdown in the country’s manufacturing activity, as it is vital for the transport and industrial sectors of the economy.

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Biden must explain Ukraine endgame – House speaker

The American people “are demanding some real accountability” for billions allocated to Kiev, Mike Johnson has said President Joe Biden’s government has not made clear exactly what it wants to achieve by providing billions of dollars in support to Ukraine, newly elected US House Speaker Mike Johnson has claimed. He indicated that opposition Republicans may choose to separate…

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