Saudi Arabia’s economy contracted 4.8% year-on-year in the second quarter of 2026, the steepest decline recorded since the COVID-19 pandemic, as a deep decline in oil activity outweighed modest growth in the non-oil and government sectors, official flash estimates showed Thursday.
Economics
Nikkei: Japan will not abandon Sakhalin-2 LNG stake, Kishida says
Another non-Western nation ignores West’s call for sanctions against Russia Read Here This photo comes from the website of the President of the Russian Federation and is licensed under the Creative Commons Attribution
National Politics
Tom Blackburn: Keir Starmer Is Keeping New Labour’s Authoritarianism Alive
The Blair-era Labour Party introduced a raft of policies hostile to civil liberties. The British government continues to push legislation to clamp down on protesters and protect police, and Keir Starmer is letting it happen. […]
Finance
Tax Justice Network: Bail, or bailout? Tax experts publish 5-step test for Covid19 business bailouts
This is important because when EU nations say they will not bailout companies registered in tax havens, they mean those on the EU list, and that is a paper tiger, fully ineffective. Read here
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