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The Kremlin has earned a record profit from oil although its invasion of Ukraine has continued for more than three months, triggering a set of punitive measures. Russia reports a drop in its exports to the European Union, but sells more to some alternative markets, notably India. Record-breaking oil prices mean more money to the Russian federal budget, also to sponsor the invasion of Ukraine. Oil-related revenues will edge up as the Russian finance ministry is planning to raise an export levy. Of all oil-producing countries and their allies, Russia had the biggest oil output in May. Oil and condensate...

What's happeningA massive shortage in baby formula is causing outrage and concern as some parents struggle to find infant formula for their children. Why it mattersIn the US, 75% of babies consume formula by the time they're six months old, making the baby formula shortage a critical widespread issue. What's nextThe baby formula shortage has become a national concern, with the White House stepping in to help end the current shortage and prevent future scarcity.As the US continues to grapple with a nationwide infant formula shortage, a military plane carrying over 500,000 baby bottles' worth of specialty formula touched down...