Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains. The exchange between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen came as President Joe Biden considers lifting some tariffs on imports from...

Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark recession. London stocks won 1.1 percent at midday, while Frankfurt and Paris gained 0.5 percent and 1.0 percent respectively in afternoon...

Iran and Turkey share a land border, while Russia shares a maritime border with Iran and Turkey across the Black Sea and Caspian Sea respectively.

Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our energy mix" add to inflationary pressures.

Some articles of the draft constitution published last Thursday in the official journal could "pave the way for a dictatorial regime", warned Sadeq Belaid, who headed the committee.

The metaverse version -- where players largely do the same thing but can earn cryptocurrency rewards and buy extra kit for their avatars -- has only opened to the public for special events.

Moscow said Thursday that G7 plans to cap the price of Russian oil would lead to a shortfall on world markets and soaring prices for European consumers. "This is another attempt to interfere in market mechanisms, which can only lead to market imbalance," Deputy Prime Minister Alexander Novak said, warning...

The talks aim to bring the United States back into a 2015 deal jettisoned by the Donald Trump administration in 2018.

The world's largest economy has been battered for months by a cresting inflation wave, made more painful by the surge in energy prices sparked after Russia's invasion of Ukraine.

Wall Street stocks were mixed early Wednesday, treading water after the prior session's pullback that came amid worries over soaring inflation and an economic slowdown. After last week's rally, stocks were back on the defensive Tuesday, falling hard after downcast consumer confidence reading. But early in the session Wednesday "there...

Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following a surge in demand for global travel. Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners, with more than 1,100 weekly network-wide departures. Mohammad...

Rise in prices has sharply accelerated since Russia's invasion of Ukraine in February, leading central banks to tighten their key rates sharply.

Global stock markets and oil prices jumped higher on Friday following recent heavy losses as the weakening economic outlook moderates expectations about central bank monetary tightening.

Many governments refuse to acknowledge that they ordered any interference in communications, and sometimes put pressure on telecommunications companies to prevent them from revealing why communications are blocked.

Oil prices fell Wednesday on worries over weakening demand in the slowing global economy as Federal Reserve Chief Jerome Powell acknowledged interest rate hikes could lead to a recession. US stocks had a choppy session, pushing into positive territory for a time after Powell reiterated the need to counter soaring...

Wikipedia, one of the world's most visited websites, is free to use, updated by volunteers and relies on donations to keep afloat.

Surging energy costs are fueling global inflation, with official data Wednesday showing the British annual rate hitting a fresh 40-year high above nine percent.

ExxonMobil has taken a 6.25 percent stake in the expansion of Qatar's North Field, which contains the world's biggest natural gas reserves.

Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday. Industry losses are expected to drop to $9.7 billion this year, a "huge improvement"...

Berlin has managed to reduce the share of its natural gas supplied by Russia from 55 percent before the invasion to 35 percent -- thanks to increased deliveries from countries like Norway and the Netherlands.

The purchase will help the firm to expand in the MENA region.

British economic output declined for the second month in a row in April, weighed down by rocketing prices that are causing a cost-of-living crisis for millions of Britons.

Russia's war against Ukraine has exposed our European dependency on Russian fossil fuels, and we want to get rid of this dependency," European Commission President von der Leyen said.

Russia's Gazprom told Eni it would cut its gas supply by around 15 percent for Wednesday, the Italian energy giant said, amid tensions between Moscow and the West following its invasion of Ukraine. "Eni confirms that Gazprom has announced a limited reduction in gas supplies for today, amounting to around...

Demand is set to grow to 101.6 million barrels per day in 2023, according to the IEA, which advises developed countries on energy policy.

The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until the end of 2022.

The first edition in Dubai catered to big-box retailers and wholesale traders, while the second edition is set to have a broader B2B and B2C focus.

The European Union's expenditure in 2021 on environmental protection, investments and consumption amounted to €292 billion ($305.4 bn), said Eurostat, the statistical office of the EU. The expenditure has risen by over 3 percent on average each year, with a total increase of 54 percent since 2006. Also, the expenditure...

Wall Street stocks sank early Monday, tumbling into a "bear market" in anticipation of more Federal Reserve monetary tightening this week amid runaway inflation. The market's latest losses, which come on the heels of three straight down sessions, put the S&P 500 into a bear market, defined as a 20...

The WTO is hoping to keep criticism of Russia's war in Ukraine to the first day of talks, when many of the more than 100 ministers due to attend are expected to issue blistering statements.

The world needs "early, aggressive and sustained" government intervention to cut aviation emissions if Paris Agreement temperature goals are to be met, a think tank said Thursday. The 2015 Paris climate treaty enjoins nations to cap global warming at "well below" two degrees Celsius, and 1.5C if possible.

IAEA head Rafael Grossi told reporters on Monday that it would be "a matter of just a few weeks" before Iran could get sufficient material needed for a nuclear weapon if they continued to develop their program.

The OECD on Wednesday warned that the world economy would pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 world growth forecast and said inflation to keep rising.

The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation. The Paris-based organization, which represents 38 mostly developed countries, is the latest institution to predict lower GDP growth due to the...

The Global Connectivity Report 2022 argues that while easy, affordable access to fast broadband is near-ubiquitous in most rich-world nations, vast swaths of humanity remain excluded from the immense possibilities offered by the online experience, stunting economic development and deepening global inequalities.

Wall Street stocks fell early Tuesday as the World Bank slashed its global growth outlook and Target warned of lower profits in the current quarter. The World Bank cut its growth estimate for the global economy to 2.9 percent, 1.2 percentage points below the January forecast, in the wake of...

The EU said the current situation remained wasteful and that European consumers spent approximately 2.4 billion euros ($2.8 billion) annually on standalone chargers they bought separately.

The current rebound is due mainly to strong growth in oil exporters boosted by rising oil revenues and a general waning of the pandemic’s adverse impacts in highly vaccinated countries. The growth, however, will slow abruptly in 2023 and 2024 across the region, the report adds.

Adding to the upbeat mood were comments from US commerce chief Gina Raimondo that she was considering lifting tariffs on some goods from China to help in the battle against inflation.

Lebanese officials said Sunday that any Israeli activity in disputed waters would constitute a "hostile act" and an "attack" on Lebanon's natural resources.

Iran's supreme leader on Saturday said that the country's seizure of two Greek oil tankers late last month was in retaliation against Greece because it "stole" Iranian oil. The Revolutionary Guards boarded and took control of the two vessels in the Gulf on May 27, citing "violations", which Greece condemned.

Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data showed.

Egypt is expecting to rake in $3.5 billion in revenues from the Suez Canal during the first half of 2022, according to Osama Rabie, the chairman of the Suez Canal authority. 

Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports. Analysts had expected OPEC+ producers to stick to their policy of modest output increases, as they...

Jordan and the United Arab Emirates (UAE) have discussed exchanging expertise between them, especially in the field of accreditation and quality assurance in higher education institutions. The meeting was held between Accreditation and Quality Assurance Commission for Higher Education Institutions (AQACHEI) president Thafer Assaraira, and Education and Technology Sciences attaché...

Germany hit the highest level of inflation in 50 years due to a rise in the cost of living, energy, and foodstuff prices. The data provided by the Federal Statistical Office of Germany indicate that levels of inflation reached 7.9 percent in May 2022. The inflation rate is calculated by...

An Egyptian emergency court on Sunday sentenced former presidential candidate Abdelmoneim Aboul Fotouh to 15 years in prison for "spreading false news" and "incitement against state institutions", judiciary sources said.

Dubai ranked first in the Middle East and North Africa (MENA) region and second in the world in attracting foreign direct investment (FDI) in cultural and creative industries (CCI) in 2021. Dubai attracted 233 new projects in the creative economy in 2021. Surpassing other major cities such as New York, Singapore...

A Saudi delegation said Wednesday that the transformation march launched by it a few years ago contributed to enhancing the economic, social and development dimensions of the Kingdom and has created qualitative investment opportunities. The delegation participated in a panel discussion, "Kingdom of Saudi Arabia: A Future Vision", on  Wednesday...