24 Jul
2026
33° c YEREVAN
27° c STEPANAKERT
ABCMEDIA

Economy

NATO member states are facing a shortage of cotton, a key component needed for gunpowder production, The Wall Street Journal (WSJ) reports. The publication notes that cotton linters — short fibers fou...

China has an increasingly important ​buffer against oil price shocks: electric taxis, Reuters writes. Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion tr...

Oil prices surged over 4% on Monday as energy shipments via ​the Strait of Hormuz remained under threat, with the US and ‌Iran announcing renewed military strikes, Reuters writes. Brent crude futures ...

The situation in Russia’s fuel market remains tense, Russian Deputy Prime Minister Alexander Novak said. “Authorities are discussing additional measures to increase gasoline supplies to the market. Sp...

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