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The IMF stressed the need to end unfunded subsidies, which were costing the cash-strapped country billions per month, in talks with Islamabad that concluded last week
Sri Lanka, battling the worst economic crisis in its history, is turning to Russian oil because it is cheaper, Nikkei Asia reports.
The plants, with a combined capacity of 4,000 MW, were due to be built by Russia's Rosatom and Japan Atomic Power in Ninh Thuan, a central province, under an earlier plan
Data show Russian oil concealed in blended and refined gasoline, diesel and chemicals has made its way to the US from Indian refineries
The acquisitions would give BYD access to more than 25 million tonnes of lithium oxide, which is used in the cathodes of EV batteries
Razon's Prime Infra Holdings will buy the majority stake from a company controlled by Dennis Uy, a close associate of outgoing Philippines President Rodrigo Duterte
The increased competition has accordingly narrowed the spread with European gas prices, which eased on less concerns over further Russian supply cuts
The standard is higher than the previous 28.8% set in 2020, according to the National Development and Reform Commission (NDRC)
He Xiaopeng, the CEO of one of Tesla's biggest local rivals, says China is still at least ten years away from being a true global leader.
The government announced it would raise fuel prices after an agreement with the IMF that included an end to fuel subsidies, allowing the resumption of aid
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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