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“China’s military budget will rise by about 10% in 2015, an official says. Fu Ying, spokeswoman for China’s annual parliament session the National People’s Congress (NPC), gave the ‘rough’ figure and said it was in line with overall spending growth. “ Source...

“Russia and Ukraine have reached an agreement to ensure Russian gas supplies to Ukraine for the month of March, averting possible cuts that could have hit supplies to the European Union. “ Source: Russia, Ukraine Reach Gas Deal...

“Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at a record pace, gutting investment plans and laying off thousands of workers.” Source:Saudis’ Oil Price War Is Paying Off...

“India said Thursday it would spend $137 billion to modernise its crumbling railways, pledging to restore the ‘backbone’ of the country to its former glory — and introduce yoga lessons for stressed-out staff. Railways Minister Suresh Prabhu said the network was crucial to Ind...