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Putin: Russia’s Alrosa holds 50% of the world’s diamond reserves

Russian President Vladimir Putin said that Alrosa holds about half of the world’s diamond reserves. He added that the company’s output represents roughly 30% of global diamond production. Putin’s figures highlight Alrosa’s substantial position in the international diamond industry. The statement focused on both the company’s reserves and its share of worldwide output.

Companies & industryRussiaAlrosadiamondsglobal production

TTASSOriginal★★★☆☆2026-08-04 12:17

Putin: Russia’s Alrosa holds 50% of the world’s diamond reserves

Minister: Russia’s domestic tourism to remain unchanged year-on-year in 2026

Domestic tourism in Russia is expected to remain at the same level in 2026 as it was the previous year, Minister Maxim Reshetnikov said. He added that domestic travel is projected to reach 140 million trips annually by 2030. The forecast points to stable activity in the sector next year. Longer-term travel volumes are expected to grow toward the end of the decade.

Companies & industryRussiadomestic tourismtravel forecast

TTASSOriginal★★★☆☆2026-08-04 09:12

Minister: Russia’s domestic tourism to remain unchanged year-on-year in 2026

Foreign tourist arrivals in Russia rise 20% in first half of 2026, minister says

The number of foreign tourists visiting Russia increased by 20% in the first half of 2026, according to Economic Development Minister Maxim Reshetnikov. Reshetnikov attributed the growth to decisions taken by the president and the government. His statement presented those decisions as the reason behind the rise in visitor numbers. The reported increase concerns foreign tourism to Russia during the first six months of the year.

Companies & industryRussiaforeign touriststourism

TTASSOriginal★★★☆☆2026-08-04 08:39

Foreign tourist arrivals in Russia rise 20% in first half of 2026, minister says

Xinjiang Production and Construction Corps expands value-added fruit processing

A cooperative affiliated with the Xinjiang Production and Construction Corps is sun-drying Hami melons during the peak harvest period. The processing method is intended to lengthen the fruit’s shelf life and limit waste. It represents an effort to add value within the regional fruit industry while handling a seasonal harvest surge.

Companies & industryXinjiang Production and Construction CorpsHami melonsfruit processing

CChina News ServiceOriginal★★☆☆☆2026-08-04 08:27

Xinjiang Production and Construction Corps expands value-added fruit processing

China’s electronic information manufacturing revenue rises 18.5% in H1

China’s electronic information manufacturing industry maintained strong momentum during the first half of 2026. Revenue increased by 18.5 percent over the period, according to data released by the Ministry of Industry and Information Technology. The figures point to continued growth in this part of China’s industrial sector.

Macro & central banksCompanies & industryChina economyelectronic information manufacturingindustrial growth

CChina News ServiceOriginal★★★☆☆2026-08-04 08:11

China’s electronic information manufacturing revenue rises 18.5% in H1

Innovative Chinese retail models reshape global market

Retail approaches developed and scaled in China are changing consumer behavior worldwide, a report released Monday says. Live commerce, social commerce and instant retail are influencing how people discover and purchase products. These models are also altering the ways consumers interact with brands and engage with them. Their growing international reach is reshaping the global retail landscape.

Companies & industryChinese retailglobal marketlive commercesocial commerce

CChina News ServiceOriginal★★☆☆☆2026-08-04 05:28

Innovative Chinese retail models reshape global market

Petrol prices strain US households as Chevron, Exxon profits soar

Rising petrol prices are putting greater pressure on households across the United States. Low-income families are bearing the heaviest burden, spending more than 10 percent of their monthly income on petrol. At the same time, oil giants Chevron and Exxon are reporting sharply higher profits, highlighting the contrast between household costs and major energy companies’ earnings.

Macro & central banksEnergy & commoditiesCompanies & industrypetrol pricesUS economyChevronExxon

AAl JazeeraOriginal★★★☆☆2026-08-03 23:02

Petrol prices strain US households as Chevron, Exxon profits soar
Petrol prices strain US households as Chevron, Exxon profits soar

No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead

Chinese consumers are cutting back on shopping and living more frugally. The government has introduced measures to stimulate spending, including consumer subsidies and a five-year plan to expand consumption. Yet these policies appear not to have produced the results Beijing expected. The slowdown may be temporary, or it may point to deeper structural problems in China’s consumer economy.

Macro & central banksCompanies & industryChina economyconsumer spendingsubsidies

BBBC ChineseOriginal★★★☆☆2026-08-03 14:08

No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead
No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead

Russia’s manufacturing PMI rises to 50.7 in July

Russia’s manufacturing Purchasing Managers’ Index climbed to 50.7 in July. The survey recorded a second straight month of growth in total new sales. It also found that the pace of expansion accelerated during the month. Growth reached its fastest rate since May 2025. The figures point to stronger momentum in the manufacturing sector.

Macro & central banksCompanies & industryRussiamanufacturingPMI

TTASSOriginal★★★☆☆2026-08-03 13:41

Russia’s manufacturing PMI rises to 50.7 in July

Russia’s new-car sales rise 10% year on year to 815,100 in January-July — ministry

Russia’s new-car sales increased by 10% year on year during January through July, according to the ministry. Sales reached 815,100 vehicles over the reporting period. The domestically produced car market accounted for more than 516,000 units. The figures indicate growth in Russia’s new-vehicle market during the first seven months of the year.

Companies & industryRussiaauto marketnew-car sales

TTASSOriginal★★★☆☆2026-08-03 13:01

Russia’s new-car sales rise 10% year on year to 815,100 in January-July — ministry

CGTN poll: Over 80% say China’s summer economy is driving growth

A CGTN poll finds that more than 80% of respondents view China’s summer economy as a source of growth. Overseas tourists are flocking to Chinese cities, while the “China Travel” trend has gone viral on social media. Demand abroad for cooling products made in China is also surging. Together, these developments have again put China’s summer consumption in the global spotlight.

Macro & central banksCompanies & industryChina economysummer consumptionoverseas tourismChinese manufacturing

CCGTNOriginal★★★☆☆2026-08-03 11:21

CGTN poll: Over 80% say China’s summer economy is driving growth
CGTN poll: Over 80% say China’s summer economy is driving growth

After the fires, France’s touristy southwest reckons with economic fallout

A major wildfire in France’s southwestern Gironde region is gradually being brought under control, allowing daily life to return little by little. Hotels and campsites are reopening as holidaymakers try to revive their summer plans. Yet businesses dependent on vacation traffic face a lengthy recovery. The record-breaking fire season is not over, leaving the region’s tourism economy exposed to further disruption.

Companies & industryFranceGirondewildfirestourism

FFrance 24Original★★★☆☆2026-08-03 10:24

After the fires, France’s touristy southwest reckons with economic fallout
After the fires, France’s touristy southwest reckons with economic fallout

Spain’s wildfires: Counting the economic cost

Devastating wildfires are inflicting serious damage on Spain’s tourism sector, economy and natural environment. The destruction has prompted questions about whether more could have been done to prevent the flames. The focus is on the economic burden created by the fires and their wider impact on the country. Spain is now confronting the consequences for both livelihoods and nature.

Companies & industrySpainwildfirestourismeconomic impact

DDWOriginal★★★☆☆2026-08-03 05:05

Spain’s wildfires: Counting the economic cost
Spain’s wildfires: Counting the economic cost

AI’s impact on jobs: The pain and opportunities facing Chinese graduates

China is expected to have 12.7 million university graduates in the 2026 cohort, an increase of 480,000 from the previous year. The total has risen for 11 consecutive years, reaching another historic high. Including people from earlier cohorts who remain unemployed and returning overseas graduates, the number seeking work throughout the year exceeds 15 million.

Companies & industryTech & AIartificial intelligenceemploymentChinese graduates

BBBC ChineseOriginal★★★☆☆2026-08-03 00:33

AI’s impact on jobs: The pain and opportunities facing Chinese graduates
AI’s impact on jobs: The pain and opportunities facing Chinese graduates

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September

Seven OPEC+ countries are set to increase their combined daily oil production in September by 188,000 barrels. The adjustment is reflected in an OPEC production table. Russia’s quota will rise by 62,000 barrels per day. The figures describe changes to the participating countries’ production allocations.

Energy & commoditiesCompanies & industryOPEC+oil productionRussiaenergy markets

TTASSOriginal★★★★☆2026-08-02 13:15

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September
  • OPEC+ to raise September oil output by 188,000 barrels per day
    OPEC+ to raise September oil output by 188,000 barrels per day

    Seven OPEC+ countries agreed on Sunday to increase their September oil production cap by 188,000 barrels per day. The increase will be measured against August’s level. The decision was announced in a statement released after the group held a virtual meeting. It continues OPEC+’s recent pattern of raising production limits.

    OPEC+oil productionenergy markets

    CCGTN★★★☆☆2026-08-02 11:26Original

US companies win billions in African data center deals in direct competition with China

American companies are securing artificial-intelligence data center and power contracts worth billions of dollars across Africa. The deals span countries from Lesotho to Gabon as competition between Washington and Beijing intensifies. The developments place African digital infrastructure and energy projects increasingly at the center of the US-China trade contest. The deals reflect a widening commercial rivalry between the two countries on the continent.

Trade & sanctionsCompanies & industryTech & AIUS companiesChinaAfricadata centerstrade war

FFox NewsOriginal★★★★☆2026-08-02 10:00

US companies win billions in African data center deals in direct competition with China
US companies win billions in African data center deals in direct competition with China

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

Australians bought electric and hybrid vehicles at almost the same rate as petrol cars from April to June, according to Australian Automobile Association data. Electric vehicle sales doubled in the months after the fuel price spike reached its peak. Petrol prices are again expected to pass A$2 a litre after federal fuel excise cuts ended on Sunday. The reductions had been introduced to offset the effects of the continuing crisis in the Middle East.

Energy & commoditiesCompanies & industryAustraliaelectric vehicleshybrid carsfuel prices

TThe GuardianOriginal★★★☆☆2026-08-02 05:00

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis
EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

USCBC president: US companies recognize China’s economic strengths

Sean Stein, president of the US-China Business Council, said US companies recognize the strengths of China’s economy and innovation system. He said these companies are seeking partnerships with Chinese firms. The aim, according to Stein, is to strengthen their competitiveness. He made the remarks on Friday.

Macro & central banksTrade & sanctionsCompanies & industryUS-China tradeChina economyinnovationbusiness partnerships

CCGTNOriginal★★☆☆☆2026-08-02 01:26

USCBC president: US companies recognize China’s economic strengths
USCBC president: US companies recognize China’s economic strengths

Türkiye and Iraq sign one-year oil pipeline deal amid global shift

Türkiye and Iraq have signed a renewed one-year agreement covering oil flows through their pipeline. Officials confirmed that the arrangement will keep crude moving through the Iraq–Türkiye pipeline at a rate of 750,000 barrels per day. The deal comes as the global energy landscape undergoes a shift. It secures the continuation of a major cross-border crude route between the two countries.

Energy & commoditiesCompanies & industryTürkiyeIraqoil pipelineenergy

AAl JazeeraOriginal★★★☆☆2026-08-01 16:43

Türkiye and Iraq sign one-year oil pipeline deal amid global shift
Türkiye and Iraq sign one-year oil pipeline deal amid global shift

Wildberries CEO speaks after a week of Ukrainian warehouse strikes

Wildberries founder and CEO Tatiana Kim has spoken publicly after a week of strikes on the company’s warehouses in Ukraine. She claimed that Wildberries entrepreneurs in Russia and partner countries, including China and Kazakhstan, had suffered losses totaling “billions.” The specific monetary figure and further details of the strikes were not provided.

Companies & industryWildberriesUkraine strikeswarehousesbusiness losses

TThe Kyiv IndependentOriginal★★☆☆☆2026-08-01 00:11

Wildberries CEO speaks after a week of Ukrainian warehouse strikes
Wildberries CEO speaks after a week of Ukrainian warehouse strikes

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue

Indian conglomerate Adani generated almost $1bn from its Queensland coal operations over the past year but will pay no company tax. Accounts show the Carmichael thermal coal business offset $963.5m in revenue with substantial production and related-party logistics costs. The company consequently reported a $340.6m loss for the year, wiping out its tax liability. Adani had previously promised to contribute billions through taxes and royalties.

Macro & central banksEnergy & commoditiesCompanies & industryAdaniCarmichael coal minecompany taxQueensland

TThe GuardianOriginal★★★☆☆2026-08-01 00:00

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue
Adani to pay no company tax despite nearly $1bn in Queensland coal revenue
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