LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production further when they meet on Sunday in the face of falling prices, a potential Russian oil price cap and an embargo on Russian crude shipments. At their last ministerial session...

The reading -- the lowest since Eurostat started compiling jobless figures in April 1998 -- was an indicator that the economies of the 19 EU nations using the euro had bounced back after the Covid pandemic. The seasonally adjusted unemployment rate was markedly less than the 7.3 percent recorded a...

In November the hackers demanded health insurer Medibank pay US$9.7 million to keep the records off the internet -- or one dollar for each of the company's impacted customers, which included Prime Minister Anthony Albanese.

Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit a new historic record every month since November 21. The November figure will decrease pressure on the European Central Bank to further increase interest rates, although its president has expressed...

Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the government said in a statement. "Trading digitally is particularly important in the current conflict, where damage to Ukrainian infrastructure and warfare makes it much harder to trade physically," the statement...

Swedish fashion retailer H&M said Wednesday it would cut some 1,500 jobs worldwide as a result of a cost-cutting programme launched following its decision to leave the Russian market. "The programme relates to administrative and overhead costs, and also entails reducing the workforce by around 1,500 positions," the company said...

The US space agency wants to develop the lunar economy in the coming years by building a space station in orbit around the Moon and a base on the surface. It has awarded contracts to several companies to develop landers to transport scientific experiments to the surface.

BERLIN, GERMANY - Russian missile strikes on energy infrastructure in Ukraine constituted a "war crime", German Justice Minister Marco Buschmann said Tuesday after hosting talks with his G7 counterparts. A Russian campaign of missile strikes has severely damaged Ukraine's energy infrastructure and plunged millions into darkness as the country endures...

The European Union gave itself legal authority to take action against anyone who helps Russia avoid its sanctions, the EU presidency said. It said member states agreed that violating sanctions against Russia be considered an "EU crime". This would make it easier to add individuals and entities from outside the...

It is logical for the FRB to halt the wave of escalation of interest rates on the dollar, which was projected to witness a final round next December at a rate of 0.25 percent, due to the approaching winter season and the intensification of the cold wave in western Europea,...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and Russia with the Moscow Chamber of Commerce and Industry. The meeting that took place at Expo Center Sharjah (ECS) brought together Abdallah Sultan Al-Owais, SCCI's Chairman, and Vladimir Platonov, Chairman...

Several European leaders were in Kyiv on Saturday to commemorate the victims of the 1932-33 Holodomor -- Ukrainian for "death by starvation" -- which is regarded by Kyiv as a deliberate act of genocide by Stalin's regime.

COPENHAGEN, DENMARK - Denmark's autonomous Faroe Islands have renewed a fishing quota deal with Russia for one year despite Moscow's invasion of Ukraine, a local minister said on Saturday. "The Faroe Islands are totally right to extend their existing fishing agreement with Russia," the North Atlantic archipelago's minister of fisheries...

London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on the state of the UAE’s energy industry, showcasing the country’s energy mix and its leading position in renewable energy sector. “The UAE offers a great mix of energy projects for...

Russia has for months ... done everything possible to prevent any large-scale ground operation, Alexander Lavrentyev, Russian President Vladimir Putin's special envoy on Syria, said in the Kazakh capital, which is hosting a tripartite meeting between Russia, Turkey and Iran on Syria. The three countries are major players in the...

Kyiv and Moscow traded accusations of shelling on the territory of the Zaporizhzhia nuclear power plant that Russia controls in southern Ukraine. The UN atomic watchdog that has a team of experts at the plant - the biggest nuclear facility in Europe - said "powerful explosions" had occurred on Saturday...

"All in all this World Cup will generate for FIFA around $600-$700 million more than the last World Cup," he said ahead of the Sunday's opening match between Qatar and Ecuador.

Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying "most" of them condemned the war. The 21 members of the Asia-Pacific Economic Cooperation forum issued a joint declaration in Bangkok criticizing the conflict and the global economic turmoil it...

Vowing to work with allies in order to counter Tehran, Britain's foreign minister has blamed Iran for "spreading bloodshed. Ukraine and its allies have accused Tehran of supplying drones to Russia, which Kremlin has used in recent weeks to carry out attacks in Ukraine.

Washington, US— US Secretary of State Antony Blinken will travel to Qatar on November 21 to launch the fifth annual US-Qatar Strategic Dialogue, the Department of State announced Friday. State Department Spokesperson Ned Price said in a statement that Blinken will meet with senior Qatari officials, including Deputy Prime Minister...

Two days before the start of the World Cup, Qatar's emir Tamim bin Hamad Al-Thani in a call with Russia's President Vladimir Putin has praised its "cooperation" in preparing the World Cup. Russia was barred from international football this year over its invasion of Ukraine.

After a first shipment of Russian fertilizer blocked in European ports heads for Malawi next week, a second batch should go to West Africa, the United Nations said. The news comes following talks between Moscow and the UN this week, aimed at ensuring that vital Russian fertilizer exports are not...

Swedish officials confirmed the September blasts which destroyed sections of the Nord Stream pipelines carrying natural gas from Russia to Germany under the Baltic Sea were acts of sabotage. "The analyses found traces of explosives on several foreign objects" found at the sites, prosecutor Mats Ljungqvist said.

Few countries could have afforded the $200 billion-plus bill that the tiny but super-wealthy emirate has paid for its spectacular transformation over the past 12 years.

Domestic fuel bills rocketed further despite the UK government's energy price freeze as the market faced fresh fallout from key producer Russia's invasion of Ukraine. Runaway inflation comes despite Britain's energy support, which sought to limit annual energy bills at an average of £2,500 per year.

While Europe scrambles to replace Russian energy supplies in the wake of the war in Ukraine, Slovenia has signed a three-year deal with Algerian state energy firm Sonatrach to buy gas via a pipeline through Italy from January. Slovenian foreign minister attended the signing ceremony along with her Algerian counterpart.

In the wake of a missile hitting Polish territory close to the border with Ukraine, US President Joe Biden and leaders of key allies held "emergency" talks on Wednesday, according to the White House. The session called an "emergency roundtable" by the White House website took place behind closed doors.

Eyeing a joint G20 declaration that would condemn Russia's eight-month-old invasion and threats to use nuclear weapons, US and European officials painted the summit in Bali as evidence of Russia's deepening isolation. "I think you're going to see most members of the G20 make clear that they condemn Russia's war...

The UAE is a key player in the 13-nation OPEC oil cartel which, with its 10 allies headed by Russia, angered Washington by cutting production by two million barrels a day from November, adding renewed upward pressure on crude prices.

United Nations Secretary-General Antonio Guterres hoped Russia would extend the deal that gives safe passage to Ukrainian grain shipments. The UN chief, addressing reporters in Bali ahead of a Group of 20 summit, said talks over the last week had delivered "progress" on the deal that is to end on...

Against the backdrop of the war in Ukraine that has fueled food and fuel prices, US Treasury Secretary Janet Yellen has said that the best way to end world economic tumult was to stop the Ukraine war. Speaking ahead of the G20 summit in Indonesia, she said, "ending Russia' war...

The kingdom is among the world’s leading phosphate exporters, along with China, the US, Russia and Morocco.

United Nations chiefs held talks with Russian officials on the Black Sea agreements on exporting grain and fertilizers, eight days before one of the deals is set to expire. UN humanitarian chief Martin Griffiths and Rebeca Grynspan, head of UN trade and development agency UNCTAD met Russian officials led by...

The new forecast would mark "an all-time high", and is due to the depreciating values of currencies against the US dollar -- the main currency of exchange on international markets -- as well as Russia's ongoing war in Ukraine.

GENEVA, SWITZERLAND - UN chiefs are to hold talks with Russian officials in Geneva on Friday on the Black Sea agreements on exporting grain and fertilizers, eight days before the deals expire. The UN's humanitarian chief Martin Griffiths and Rebeca Grynspan, head of the UN's trade and development agency UNCTAD,...

Firm is suffering from slowdown in China's economic growth.

Firm to transfer it equity interest to JV partner Sollers.

Russia's commander in Ukraine, Sergei Surovikin proposed the "difficult decision" of pulling back from the city and setting up defences on the eastern bank of the Dnipro River.

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways to boost collaboration, exchange medical expertise and expand partnerships in the pharmaceutical sector between the two countries. The two countries also discussed ways and means to encourage more Russian companies...

Humanity is in "the fight of our lives" as climate change intensifies droughts, floods and heatwaves, UN chief Antonio Guterres warns world leaders in Egypt.

Abu Dhabi, UAE - UAE and European Union discussed ways to enhance cooperation relations in multiple issues of mutual concern including energy. Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, and Josep Borrell, Vice-President of the European Commission,  reviewed the latest developments on the regional and international...

Three months after launching a satellite with the help of Russia, Iran has announced the successful test flight of a rocket capable of propelling satellites into space. While countries like the US have voiced concern that it could boost Iran's ballistic missile technology, Iran insists that such launches are for...

Iran admitted for the first time that it has sent drones to Russia, but insisted they were supplied to its ally before the Russian invasion of Ukraine. "We supplied Russia with a limited number of drones months before the war in Ukraine," Foreign Minister Hossein Amir-Abdollahian said, quoted by the...

Increasing production should help "decrease volatility in energy markets" caused by the war in Ukraine, G7 foreign ministers said in a statement after talks in Germany. The 13-nation OPEC and its 10 allies headed by Moscow said in Oct. it would cut production by 2mbd a day from November, raising...

World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for Ukrainian grains on the Black Sea, a UN agency said. Global food prices have been falling since hitting an all-time high in March in the wake of Russia's invasion of...

AMMAN, JORDAN - Jordan's King Abdullah received Russian Foreign Minister Sergey Lavrov in Amman on Thursday and stressed the importance of stabilizing Syria, especially the southern part. King Abdullah noted the need to activate efforts to reach a political solution to the crisis in Syria, safeguarding its unity and territorial...

The pope said that "a few potentates are caught up in a resolute struggle for partisan interests, reviving obsolete rhetoric, redesigning spheres of influence and opposing blocs." The pope's visit comes with the Ukraine war in its ninth month, and as tensions grow on the Korean peninsula and in the...

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned. The IEA said the shortfall would occur if Russia stops pipelines deliveries completely and China steps up its imports of liquefied...

Moscow had said on Saturday that it was temporarily pulling out of the grain deal, accusing Ukraine of using a safe shipping corridor established under the agreement to launch a drone assault on its Black Sea fleet.

The Czech prime minister, whose country holds the rotating EU presidency, said the bloc may look at sanctions on Belarus over its role in the war in Ukraine. Minsk allows Russian troops to be stationed in Belarus and stage attacks on Ukraine from there, though it insists it does not...