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Market news: Russia is about to receive its first shipment of seaborne gasoline from Turkey, with approximately 200,000 barrels of oil currently en route. Since late July, Russia's seaborne gasoline imports have exceeded 1 million barrels.

2026-08-24

Market news: Russia is about to receive its first shipment of seaborne gasoline from Turkey, with approximately 200,000 barrels of oil currently en route. Since late July, Russia's seaborne gasoline imports have exceeded 1 million barrels.

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2026-08-23

A draft letter seen by AFP shows Germany, Italy, Austria, Poland and Portugal's finance ministers, joined by Spain's economy minister, asked Ireland's finance minister to place an EU-wide windfall tax on oil companies on the agenda for next month's E

A draft letter seen by AFP shows Germany, Italy, Austria, Poland and Portugal's finance ministers, joined by Spain's economy minister, asked Ireland's finance minister to place an EU-wide windfall tax on oil companies on the agenda for next month's EU finance ministers meeting in Dublin. The letter says oil firms' overall profitability and refined-product margins have risen beyond crude-price gains amid one of the most severe supply shocks in decades, and urges discussion of an EU-wide windfall tax framework drawing on the temporary tax measures used after the 2022 Russia-Ukraine conflict.
2026-08-23

Financial Secretary Paul Chan said the AI boom is adding momentum to Hong Kong’s economy and consumption. Strong global demand for AI-related products has driven Hong Kong exports to high double-digit growth for several consecutive quarters. From Dec

Financial Secretary Paul Chan said the AI boom is adding momentum to Hong Kong’s economy and consumption. Strong global demand for AI-related products has driven Hong Kong exports to high double-digit growth for several consecutive quarters. From Dec last year to May this year, IPO proceeds from Hong Kong AI-related issuers were near HKD 100 bln, about 55% of the period’s total. Hang Seng Indexes Company has recently added multiple AI-related firms to its indices. A study estimates that if Hong Kong SMEs reach large firms’ AI adoption levels by 2035, it could free up as much as HKD 65 bln in economic benefits. The government has also moved to embed AI internally: an AI effectiveness group has initiated a first tranche of 30 efficiency projects across 13 departments.
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