Skip to content
Search

Latest Stories

News

Hard Numbers: Saudi oil windfall, Castillo's friends, Chinese map raid, Truss ahead

Hard Numbers: Saudi oil windfall, Castillo's friends, Chinese map raid, Truss ahead
Paige Fusco

48.4 billion: Saudi Aramco, the (almost entirely) state-owned Saudi oil company, made a record $48.4 billion in profits in the second quarter of 2022, up 90% year-on-year thanks to high global prices. Fist bump notwithstanding, US President Joe Biden’s call for Crown Prince MBS to pump more oil has so far fallen on deaf ears.


4: In a joint statement, four Latin American governments — Argentina, Bolivia, Ecuador, and Mexico — backed the embattled Pedro Castillo to continue as Peru's president. Castillo has already survived two impeachment attempts and is under six separate criminal investigations, including for obstruction of justice, after little over a year in power.

23,500: Chinese customs officials seized 23,500 "problematic" maps intended for export over their drawing of China's official national borders. The maps didn't accurately represent Beijing's vast maritime sovereignty claims in the South China Sea and the East China Sea.

22: UK Foreign Secretary Liz Truss is leading former Chancellor of the Exchequer Rishi Sunak by 22 percentage points in the race for Conservative Party leader and next British PM, according to a new poll. Truss is widely favored to win the contest as she's more popular with the Tory base than Sunak, who's coming under increasing pressure to drop out.

More For You

Prime Minister Narendra Modi waves to the crowd during the opening ceremony at AI Impact Summit 2026 at Bharat Mandapam, in New Delhi on Thursday. Switzerland President Guy Parmelin also present.

Prime Minister Narendra Modi waves to the crowd during the opening ceremony at AI Impact Summit 2026 at Bharat Mandapam, in New Delhi on Thursday. Switzerland President Guy Parmelin also present.

DPR PMO/ANI Photo
“For India, AI stands for all inclusive,” reads the billboard outside this week’s AI Impact Summit in New Delhi organized by the Indian government, the first major gathering on the subject in the Global South. Alongside the slogan is an image of Prime Minister Narendra Modi, whose ambitions for the country of 1.5 billion people are clear: to [...]
A general view of U.S. Supreme Court in Washington, D.C., U.S., January 20, 2026.

A general view of U.S. Supreme Court in Washington, D.C., U.S., January 20, 2026.

REUTERS/Nathan Howard/File Photo
US Supreme Court strikes down bulk of Trump’s tariffsIn a massive blow to US President Donald Trump’s trade and foreign policy agenda, the US’s top court ruled that the president overstepped his authority when he used the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The decision was 6-3. Trump was the first US leader to [...]
​A French navy boat intercepts and redirects a suspected Russian oil tanker in the Gulf of Fos-sur-Mer, near Martigues, France, on January 25, 2026.

A French navy boat surrounds the GRINCH oil tanker, intercepted by France in the Alboran Sea on suspicion of operating under a false flag and belonging to Russia's shadow fleet that enables Russia to export oil despite sanctions, and diverted to the port of Marseille-Fos, in the Gulf of Fos-sur-Mer, near Martigues, France, on January 25, 2026.

REUTERS/Manon Cruz
$90 billion: The amount of revenue that Russia has reportedly made from smuggled crude oil exports, after 48 companies worked together to help disguise the origin of the oil and circumvent sanctions that have been imposed since the full-scale war on Ukraine began. The total is likely much more. Details of the scheme were revealed due to an IT [...]
​U.S President Donald Trump, U.S. Vice President JD Vance, and U.S. Secretary of State Marco Rubio pose for a family photo with other representatives participating in the inaugural Board of Peace meeting, at the U.S. Institute of Peace in Washington, D.C., U.S., February 19, 2026.

U.S President Donald Trump, U.S. Vice President JD Vance, and U.S. Secretary of State Marco Rubio pose for a family photo with other representatives participating in the inaugural Board of Peace meeting, at the U.S. Institute of Peace in Washington, D.C., U.S., February 19, 2026.

REUTERS/Kevin Lamarque
Argentina, Armenia, Belarus, Egypt, Indonesia, Jordan, Pakistan, Paraguay, Vietnam – to name only a few.The eclectic group could pass for the roster of a niche Olympic sport. In fact, it is part of the membership roll of US President Donald Trump’s newly-minted Board of Peace, which meets today for the first time in Washington, D.C. Despite a logo [...]