Gross domestic product grew "despite difficult general conditions in the global economy such as the continuing Covid-19 pandemic, delivery bottlenecks, continuing price rises and the war in Ukraine," it said. A separate survey on Friday showed that German consumer confidence has edged up again following a long period of decline,...

There were more than a dozen blasts overnight Saturday to Sunday, some of which a team of experts from the agency on site had themselves seen, the IAEA said in a statement.

Ukraine is one of the world's top grain producers, and Russia's invasion of the country blocked 20 million tons of grain in its ports before the United Nations and Turkey brokered the deal in July. On Wednesday, Turkish President Recep Tayyip Erdogan said at a press conference at the G20...

European countries have been scrambling for alternative sources of gas after the continent's former top supplier, Russia, slashed exports in apparent retaliation for Western sanctions over Moscow's invasion of Ukraine in February.

Despite the change in stance in Stockholm, some analysts believe Turkey's presidential and parliamentary elections in June 2023 could delay the Nordic NATO bids.

Ankara has accused the two Nordic nations of providing a safe haven for outlawed Kurdish militants it deems "terrorists" and held back on ratifying their NATO membership despite an agreement in June.

Sweden and Finland dropped decades of military non-alignment and scrambled to become NATO members in May after Russia invaded Ukraine. But Turkish President Recep Tayyip Erdogan threatened to block their bids, seeking concessions.

Hawkish former Israeli premier Netanyahu, who on Wednesday appeared on the cusp of returning to power, has staunchly opposed the deal, dismissing it as an "illegal ploy" and warning he would not be bound by its terms. "We obtained sufficient American guarantees that this deal cannot easily be cancelled," said...

His comments came days after oil giants ExxonMobil and Chevron reported bumper earnings, reflecting how a surge in crude prices after Russia's invasion of Ukraine has boosted the industry. Natural gas costs have also risen, due to Europe's mobilization to offset lost imports from Russia.

It, however, reported a 3.79% increase in sales.

Calling for tough action against Iran, president of Israel has shared intelligence with the United State to prove that Tehran supplied drones to Russia that have reaped destruction in Ukraine. In this connection, President Isaac Herzog held talks with Secretary of State Antony Blinken on a visit to Washington.

The EU's 27 member states have been squabbling for months over measures to lower energy bills as winter nears.

The summit agreement set out a "solid roadmap to keep on working on the topic of energy prices", European Commission chief Ursula von der Leyen told a media conference. The published text calls on the European Commission and EU countries in the coming weeks to find ways to shield consumers from...

State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially those in the region and across the world, frankly should be seeing as a profound threat. Ukrainian officials said that the strikes killed four people in Kyiv and knocked out...

US National Security Advisor Jake Sullivan told CNN on Sunday that Biden would "act methodically, strategically" in re-evaluating US-Saudi relations, adding that the US leader had "no plans" to meet the crown prince at a November G20 summit in Indonesia. Russell Lucas, a Middle East expert at Michigan State University,...

Erdogan still hopes to bring Putin and Ukrainian President Volodymyr Zelensky together for truce talks that neither side particularly wants but which Turkish officials insist are both essential and realistic.

The International Atomic Energy Agency (IAEA) said on Saturday that the plant -- Europe's largest nuclear power station -- had lost its last source of external power after renewed shelling and was relying on emergency generators.

US suppliers have exported 1,574 billion cubic feet (44.6 billion cubic meters) of LNG to Europe so far in 2022, a sharp rise from the 917 billion cubic feet (26 billion cubic meters) in 2020, according to the Center for Liquefied Natural Gas, a Washington-based trade group that represents the...

Soaring energy prices fuelled by Russia's war in Ukraine have forced a new reality upon European nations, where people are asked to limit the electricity they use for heating, lighting, and cooking. Some cities keep street lights on for shorter lengths of time, and in Paris, the lights illuminating the...

The jump comes after both main contracts suffered hefty losses in recent months on demand fears caused by an expected recession in major economies.

The British government on Monday sanctioned 92 Russian individuals and entities after President Vladimir Putin's regime held referendums in Moscow-controlled areas of Ukraine -- denounced by Kyiv and its allies as a "sham" -- and stepped up threats against the West. "Sham referendums held at the barrel of a gun...

The world's number two clothing group is among a slew of Western companies that have exited Russia following Moscow's invasion of Ukraine. H&M paused all sales in the country in March and announced in July that it would wind down operations, although it would reopen stores for "a limited period...

European Union also plans to expand its travel blacklist and asset freezes to include high-ranking Russian defense officials and organizers of widely derided annexation votes in occupied Ukrainian territories. "Last week, Russia has escalated the invasion of Ukraine to a new level," European Commission President Ursula von der Leyen said....

Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response, the bloc's foreign policy chief Josep Borrell warned in a statement. Borrell called for an investigation into the leaks from the Nord Stream 1 and 2 pipelines, saying: "All available...

The decision follows weeks of intensifying pressure from Washington for NATO member Turkey to limit its booming economic relations with Russia. The US Treasury warned last week that Turkish banks working with the Russian cards "risk supporting Russia's efforts to evade US sanctions" and could be sanctioned themselves.

Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of how the kingdom is seeking to bolster its international standing, diplomats and analysts say.  It also enables Riyadh to argue that preserving ties with Moscow -– a source of tension...

Germany's center-left government has announced relief measures worth almost 100 billion euros to tackle inflation, but small businesses have so far been largely excluded from the help.

Hundreds of billions of euros and counting have been shelled out so far since Russia invaded its pro-Western neighbor in late February. Governments have gone all out: from capping gas and electricity prices to rescuing struggling energy companies and providing direct aid to household to fill up their cars.

Truss became the latest Western leader at the UN General Assembly in New York to rail against Russian President Vladimir Putin, who hours earlier mobilized reservists in a clear sign he is in no rush to end the conflict. Putin's move only highlights the "catastrophic failure" of Russia's invasion of...

Days after it was cut off from external power, raising the risk of an accident, Ukraine's nuclear plant is receiving power from the national grid once again. The Russian-occupied plant had been cut from the grid since September due to shelling. The IAEA said the plant now has the electricity...

The US Treasury said it had placed Tehran-based Safiran Airport Services on its sanctions blacklist, two months after the White House divulged intelligence that Russia was seeking Iranian unmanned aerial vehicles (UAVs) for its war on Ukraine.

Struggling to tame surging inflation in the eurozone that has seen steep increases in the price of energy in the wake of the Russian invasion of Ukraine, European Central Bank policymakers are expected to make a historically large interest rate hike at their meeting on Thursday.

Pointing to rising energy prices in Europe ahead of winter, Putin insisted Russia would supply nothing outside of existing contracts, quoting a Russian fairy tale: "Freeze, freeze, the wolf tail". Capping prices, as some Western countries are considering, "would be an absolutely stupid decision," Putin said.

European officials have been looking to Algeria, Africa's biggest gas exporter, to fill a shortfall in supplies after Russia's invasion of Ukraine in February sent prices soaring. The situation has taken on added urgency in recent days after Russia halted gas deliveries to Germany via the key Nord Stream pipeline...

The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European currency has continued to weaken against the dollar since the start of the year, hammered by economic turbulence and uncertainties sparked by Russia's invasion of Ukraine.

Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday. The 13 members of the OPEC cartel, led by Saudi Arabia, and their 10 partners, led by Russia, are meeting to adjust their quotas for...

Federal agents and local police officers were spotted carrying boxes after they left an apartment in Manhattan's lavish Park Avenue and a house in the Hamptons, an upscale vacation destination near New York City, according to the report. Both properties are linked to Vekselberg, NBC said, citing US Treasury documents.

"The day has come, IAEA's Support and Assistance Mission to Zaporizhzhya is now on its way," Grossi tweeted, saying the team from the UN atomic watchdog would arrive at Europe's largest nuclear power plant "later this week". In a photograph accompanying his tweet, the IAEA chief posed with a team...

It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious environmental and health risks, experts say. Standing before rusty metal machinery and fuel containers, Mahmoud al-Kafarneh described how he and his brothers came up with their plastic recycling project.

After a summer marked by drought, massive wildfires and continuing loss of life in Ukraine, the 44-year-old leader delivered a stark speech at the start of the first cabinet meeting after the country's traditional August holiday break. Macron said that he believed that they are in the process of living...

Prince Abdulaziz bin Salman said in an interview with Bloomberg that OPEC+ has the commitment, the flexibility, and the means within the existing mechanisms to deal with such challenges, including cutting production at any time. He said that the volatility and thin liquidity send erroneous signals to markets at times...

Russian President Vladimir Putin announces on February 24, 2022 a "special military operation" to protect the Russian-speaking self-declared separatist republics of Lugansk and Donetsk in the east, whose independence he has just recognized. He says he wants to "de-Nazify" Ukraine, a former Soviet state, and demands a guarantee it will...

Many believe Russian President Vladimir Putin is using energy supplies as a strategic weapon to put pressure on nations that have applied sanctions against Moscow for its invasion of Ukraine.

Russia's war in Ukraine has caused turmoil in European energy markets, especially in Germany, which is heavily dependent on Russian gas.

The MV Brave Commander left the Black Sea port of Pivdennyi and will sail to Djibouti "for delivery to Ethiopia", the infrastructure ministry said on Telegram. The ship is carrying 23,000 tons of wheat. It is the first ship chartered by the UN World Food Program (WFP) to leave Ukraine...

UN spokesman Stephane Dujarric said that Antonio Guterres will discuss ‘the need for a political solution to this conflict’ in his meeting with President Volodymyr Zelensky and Turkish President Recep Tayyip Erdogan on Thursday in the western Ukrainian city of Lviv.

Net income leapt 90% for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5bn for Q1.

Ukrainian President Volodymyr Zelensky accused Moscow of "nuclear blackmail" as he urged the international community to react immediately to chase out the occupiers from Zaporizhzhia. "Only the Russians' full withdrawal... would guarantee nuclear safety for all of Europe," Zelensky said in a video address to the nation.

The Sierra Leone-flagged vessel Razoni left the Ukrainian port of Odessa on August 1 carrying 26,000 tons of maize.

If the official consumer price data Wednesday come in above analysts' forecasts, the markets could see a sharp sell-off, analysts warned. With inflation already at the highest level in 40 years, concern is growing that further interest rate increases by the world's major central banks could go too far and tip...