Foxtrot.News — Latest News in Economics, Business, Technology, Life, Culture, Politics and Sports

The Wall is Near, and the Brakes Are Failing

The two largest developing economies are no longer developing as rapidly. A slowdown in China and India could have far-reaching effects on the world, creating echoes that will be felt even where they are least expected. Interestingly, this crisis is not yet truly global. Recent protective...

Beijing, You Have a Problem

The issues surrounding China’s economy have been a topic of increasingly intense debate for the last four years. Now, we have some figures to add to this discussion. For example, in July 2024, for the first time in 19 years, lending to the industrial sector has...

Gazprom Exits the Stage

The Ukrainian offensive in Russia’s Kursk region is gradually expanding to the east and north. From the early stages of this advance, Ukrainian forces took control of the small Russian border town of Sudzha, home to a Russian gas hub responsible for exports to Western Europe...

Lethal Sanctions Still on the Horizon

The EU is preparing its 15th package of sanctions against Russia in response to its war against Ukraine. The United States is also working on additional sanctions against Russia, while Canada has imposed sanctions on Belarus’ military-industrial complex for arming Russian aggressors. Ukraine is increasingly questioning the...

Petrol Prices Stay Put for Now

Oil prices are falling on the global market due to declining demand from China and concerns about a potential decrease in consumption in the US. Even the escalating tension in the Middle East has not supported prices, which have dropped over the past 30 days from...

AI Brings and Takes Away Money

Anyone who remembers the dot-com boom 25 years ago will not be surprised by the rapid rise in the popularity of AI among users, developers, and investors. But the biggest earners are the manufacturers of chips and equipment on which AI systems run. Just look at...

Lukoil Attempts to Circumvent Sanctions

Hungarian and Slovakian refineries are currently unable to receive oil through the Ukrainian section of the international Druzhba pipeline from the Russian oil company Lukoil, which is subject to Ukrainian sanctions. This situation has sparked a strong reaction in Bratislava and Budapest. Kyiv is closely...

China’s Slowdown

The slowdown of China’s economy is causing significant ripples globally. Although the IMF has somewhat improved its forecasts for the world’s second-largest economy, its expectations seem overly optimistic. This is happening amidst lively interactions around the “axis of evil Moscow-Pyongyang-Tehran” and stern warnings from Brussels...

Ukraine’s Grain Corridor Doesn’t Need the Kremlin

Turkey is pushing for the renewal of the Black Sea Grain Agreement, which has been the framework for Ukraine’s maritime agricultural exports for the past year, operating without the participation or guarantees of the Russian Federation. Why now, and why include Russia? It’s likely because...

Reconstruction Under Air Defence Umbrella

The “Ukraine Recovery Conference 2024” took place in Berlin on 11 and 12 June. This event significantly differed from the previous two conferences held in Lugano, Switzerland, in 2022, and London, United Kingdom, in 2023. Two main issues dominated the discussions this year: the...

Oil Rockers Tend to Go Down

A week after the latest OPEC+ meeting, an unexpected trend has emerged: oil prices are falling. Such meetings are typically aimed at raising prices through coordinated market actions by OPEC countries and their allies within the oil-exporting cartel. This is an intriguing signal, not only because...

War in Ukraine Drives Up Prices in Europe

Inflation in the eurozone in May 2024 is not just about prices; it also ties into the upcoming European Parliament elections and the actions of the European Central Bank (ECB), whose interest rates impact the cost of credit and much more. What is currently driving...

Trade War Escalates into a Warmer Phase

Dumping of electric vehicles and solar panels, technological assistance to Russia’s aggression in Ukraine, muscle-flexing in the Taiwan Strait, and attempts to solve internal problems by expanding exports—these are the grievances against China expressed by both the US and the EU. It appears we are witnessing the start...

President’s Technocrat Takes Charge of French Government

It has finally happened—French President Emmanuel Macron has appointed a candidate for the role of Prime Minister who is acceptable to him: Michel Barnier. This 73-year-old liberal-conservative politician, with openly right-wing views, appears as something of a veteran compared to his predecessor, Gabriel Attal,...

Prospects For a UK-Ukraine Union

In the three years of Russia’s full-scale invasion of Ukraine, the world has changed more than in the previous 30 years. Approaches to diplomacy, state security, and ways of waging war are changing. At the same time, the US is concentrating more and more...

A Strong Start Shakes Up the Race

The main task for Kamala Harris now appears to be to maximise the momentum provided by Joe Biden’s unexpected decision. She has achieved the crucial first step – the Democratic National Committee unequivocally announced her as the Democratic Party candidate on Monday, 5 August. There was...

The Cost of Nuclear Agreements with Russia

On August 5, 1963, representatives from three countries—USSR, USA, and the United Kingdom—signed the Treaty Banning Nuclear Weapon Tests in the Atmosphere, in Outer Space, and Under Water, also known as the “Moscow Treaty.” The treaty came into force on October 10 of the...

Middle East on the Hot Brink

The Pentagon announced on 3 August that it is deploying additional aviation forces and ships equipped with missile defence systems in the Middle East to protect not only American interests in the region but also Israel. While such deployments are not unprecedented, why are...

G7 Against World War III

The G7 summit held in Apulia, southern Italy, focused on the war in Ukraine, the conflict in Gaza, issues in Africa, illegal migration, and China’s aggressive trade expansion. Sustainable development goals, including climate challenges, were also extensively discussed. Five of the eleven points in the...

Vengeance Through the Centuries

Austria was the first to support stripping Hungary of its voting rights in the EU. Vengeance through the centuries. How would it be in German: this is for our Karl Habsburg, you bastards! Seriously though, the treachery of the Hungarians equals that of the...

If You Want Peace, Prepare for War

Small Lithuania invites German Rheinmetall to produce ammunition, Italian troops train on firing ranges, and Estonia shows record defence spending relative to its GDP. Europe has begun to take the threat from Russia seriously. Global defence spending has reached record levels, surpassing that of...

Romania Building Largest NATO Base in Europe

Construction has begun on the largest NATO base in Europe in Romania, where up to 10,000 servicemen and their families will be accommodated. The Mihail Kogălniceanu military complex will cover an area of 2,800 hectares with a perimeter of 30 km. The preliminary cost...

Don’t Give Gifts to Putin

Late in the night from December 6 to 7, U.S. President Joe Biden directly termed the actions of Republican congressmen as political blackmail, accusing them of exposing the world to excessively high risks. Simultaneously, he proposed a compromise regarding the security program for the...

Jurassic Parks

The abnormal heatwave has finally left Europe, and it is time to think about a holiday. If the idea of spending your vacation on a beach, among tourists and souvenirs, bores you, why not look for something more original? After all, you can plan...

What We Do in the Shadows

The massive missile attacks on Ukraine’s energy system, resumed by the terrorist state of the Russian Federation in the spring of 2024, have predictably led to prolonged blackouts. To say that Ukrainians have gotten used to this would be an understatement. One should neither...

From Ukraine with Love: Seven Celebrities with Ukrainian Roots

“The Ukrainian trace” can be found in global cinematography, music, IT industry, sports, painting, and literature. Some celebrities were born in Ukraine and remember its language and traditions, while others only have faint memories of their ancestors’ homeland. However, Ukraine is more than just...

Top 10 Best Winter Resorts in Eastern Europe

Emotional and physical fatigue, chronic illnesses, and boredom – all accumulate in our bodies and minds throughout the year, so if we don’t take action, 2024 certainly won’t be better than 2023. While one could take a New Year vacation and embark on an...

Vanga’s 2024 Prophecies and Other Psychics Worth Attention

The legendary blind woman Vanga, nicknamed the “Balkan Nostradamus,” passed away in 1996. However, her students documented numerous pre-death prophecies, including some intriguing ones for the year 2024. Vanga’s extrasensory abilities emerged during the early days of World War II when, after catching a...

Real Ukrainians: Natalia Lipska

Natalia Lipska heads the prominent charitable foundation “Wings of Hope,” which has been actively aiding seriously ill children for more than 16 years, primarily. However, since February 24, 2022, when Russia launched a full-scale invasion of Ukraine, Natalia Lipska has been involved in assisting...

Most Destructive Computer Program Failures

When you regularly follow the latest in technology and modern innovations, there comes a moment when the thought arises that we have been living in a cyberpunk era for quite some time, albeit without mutants and flying cars. However, every modern device is a...

Victory’s Arsenal: Battle for the Skies

The importance of mobile systems countering aerial threats in modern warfare is difficult to overstate. Portable anti-aircraft complexes and short-range air defense systems have played and continue to play a significant role on the battlefields of the Ukrainian-Russian war. They are instrumental in downing...

Victory’s Arsenal: Javelin and Other «Darts»

Since the onset of the full-scale invasion by the Russian Federation, Ukraine has acquired a fairly substantial and diverse arsenal of armaments and technology from Western allies – ranging from portable anti-tank missile systems to modern, highly effective air defense systems. Soon, Ukraine’s airspace...

History of Military UAVs

The Russian-Ukrainian War marked the first true drone battle in history. However, the idea of using unmanned lethal machines to eliminate enemies dates back to the mid-19th century. It has been a persistent fascination for military inventors since then. Austrian Airborne Balloons    In...

The Weirdest Inventions of 2023

Inventions are one of the most wonderful products of humanity’s life on the planet. Seeking solutions to pressing problems, showing creativity and courage, dreamers all over the world bring their fantasies to life, sometimes provoking real revolutions in the lifestyle of millions of earthlings,...

Top 5 Legendary Hackers

On July 16th, Kevin Mitnick, a cult figure from the ’90s and the first person with “computer addiction” to be placed on the FBI’s most-wanted list, passed away. However, as the history shows, he and other well-known hackers contributed less harm to society and, instead,...

Venetian ‘Merchants’

The 81st Venice International Film Festival took place from 28 August to 7 September 2024 in Venice, on the island of Lido. It was chaired by French actress Isabelle Huppert, with the opening film being Beetlejuice Beetlejuice, the sequel to Tim Burton’s once-popular hit....

Ten Oldest Opulent Opera Houses in Europe to Impress

An opera house is an important and luxurious part of cultural history, reflecting the style of its city and the traditions of its country. Historic iconic buildings of opera houses are never repeated and you will not find two identical opera houses in the...

10 Best Series of November

The struggle of ordinary Ukrainians against the Russian invaders, epochal events in the life of the royal family, adventures of the first ever zoomer detective, Oliver Twist spin-off and desperate attempts of a group of drunken commandos to save Las Vegas from being blown...

Scary Five From The King of Horror, Stephen King

Stephen King is an undisputed titan of world literature. Despite the variety of forms and genres in which he works, his horror novels are considered to be cult. King has a unique sense of human fears and skillfully uses this ability to make the...

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