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Ukraine Strikes Russian Energy Hubs with Missiles and Drones

A n artilleryman of the 44th Separate Artillery Brigade, named after Hetman Danylo Apostol, of the Armed Forces of Ukraine, carries a cartridge as he prepares to fire a M777 Howitzer towards Russian troops. On December 25, 2025 , Ukraine launched a coordinated assault on Russian energy infrastructure, deploying Storm Shadow cruise missiles alongside long-range drones . According to the Ukrainian General Staff, the strikes hit the Novoshakhtinsk oil refinery in Russia’s Rostov region, one of southern Russia’s largest suppliers of diesel and jet fuel for the military. Multiple explosions were reported, and the facility was forced offline. In addition to the refinery, Ukraine’s Security Service (SBU) confirmed drone attacks on facilities in Temryuk and Orenburg . Fuel tanks in Temryuk caught fire, while a gas processing plant in Orenburg was shut down, further disrupting Russia’s energy output. Ukrainian officials stated that these operations are designed to undermine Russia’s milit...
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GST Holiday Fails to Deliver Economic Lift, Data Shows Minimal Impact

                                               

New figures reveal that Canada's GST/HST holiday yielded little boost in consumer spending, falling short of expectations. Payment processor Moneris reported a 4% decline in overall spending during the tax break period compared to the previous year, with both the number and size of transactions dropping slightly. Similarly, a survey conducted by the Canadian Federation of Independent Business (CFIB) found that only about 5% of small businesses experienced a noticeable sales increase, while the majority reported no significant change in business activity.

Despite the intended relief, many retailers found the initiative more burdensome than beneficial, citing last-minute adjustments to point-of-sale systems and increased administrative challenges. Although certain sectors, like children's apparel, saw minor gains, these were not enough to offset the overall downturn in consumer spending. The data suggests that the tax holiday may have merely shifted the timing of purchases rather than stimulating additional economic activity.


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