Tuesday, May 5

Business

Lithuanian Economy Minister Ausrine Armonaite has issued a call for citizens to finance the country’s defense industry, telling them to “invest in tanks” rather than keep hold of their savings.

The number of bookings made by Russians for the popular Egyptian tourist destinations of Cairo and Sharm el-Sheikh in January has seen a year-on-year decline of 14%, Russian business daily Kommersant reported earlier this week, citing calculations by travel website Ostrovok.ru.

The discovery could help fulfill the Southeast Asian country’s goal of becoming a regional hub for electric-vehicle production

Russia’s electric power usage rose 1.4% in 2023 compared to the previous year, exceeding 1.121 trillion kilowatt hours, according to the latest data released by the Russian Power System Operator.

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