December 12, 2025

Russia's Oil Exports Plunge to Lowest Since Ukraine War Amid Sanctions and Strikes

Russia's oil exports dropped to 6.9 mb/d in November, the lowest since the Ukraine war started. Falling prices and attacks cut revenues by $3.6 billion, says IEA. US sanctions and Ukraine's strikes hit Russia’s oil trade hard.

December 12, 2025

Tesla’s US Sales Hit Nearly Four-Year Low Despite Cheaper Models

Tesla’s US sales plunged to the lowest level since 2022 in November. Cheaper Model 3 and Model Y ‘Standard’ versions failed to boost demand after the EV tax credit ended.

December 12, 2025

ED Raids 25 Locations in ₹1,000 Crore UP Illegal Cough Syrup Money Laundering Case

The ED conducted raids at 25 sites in Uttar Pradesh, Ranchi, and Ahmedabad in a ₹1,000 crore cough syrup money laundering probe. Main accused fled to Dubai; 32 arrested so far.

December 12, 2025

US States Offer Tax Relief Payments in 2025 to Help Families with Rising Costs

Alaska, New York, New Jersey, and Pennsylvania are sending state tax relief payments in late 2025. These include dividends, rebates, and property tax support to help residents cope with inflation and rents.

December 11, 2025

Cutting Tobacco Tax May Widen Budget Deficit Amid Rising Illegal Cigarette Sales in Australia

Australia's booming illegal cigarette market and high tobacco taxes have slashed excise revenue by half since 2019. Experts warn cutting excise may deepen budget deficits without boosting legal sales. Treasurer Jim Chalmers faces a $12.7bn cost surge while calls grow for stronger enforcement and a new tobacco strategy.