ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its support for Russia's war on Ukraine.

The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts in Gaza and Ukraine, and the rapid rise of AI.

After President Vladimir Putin sent troops to Ukraine in February 2022, Western countries hit Russia with a slew of sanctions including a European Union embargo on its seaborne oil deliveries. As it was losing much of its market share in Europe, Moscow pivoted to other buyers including China.

With Europe off limits, Gazprom has turned toward Asia.

The EBRD forecasts Turkish GDP will expand 2.5 percent this year, cutting prior guidance of 3.0 percent and citing the impact of "unorthodox" loose monetary policy alongside one of the world's highest inflation rates. The death toll of Turkey's worst disaster of modern times stands at more than 50,000 and...

Efforts were made to bring together a divided world and find solutions to the ongoing global crises during the World Economic Forum's Annual Meeting held in Davos earlier this year.

Iraq, a close ally of Iran, also has strategic relations with the United States, which still has soldiers in the country as part of the international coalition facing the Islamic State group. On Thursday, Iraqi foreign minister Fuad Hussein hosted Saudi Foreign Minister Prince Faisal bin Farhan. No mention was...

Growth in the fourth quarter came in at 2.2 percent, sharply down from 4.2 percent in July-September, according to advance estimates by the trade ministry.

With billions of dollars in financial reserves and money still coming in from oil and gas exports, Russia has yet to feel the full impact of the barrage of Western sanctions imposed over its offensive in Ukraine.

As the world talks about the Ukraine crisis, Qatar and Saudi Arabia have called out the world about its reaction to the suffering of a lot of countries in the Middle East.

The carmaker sold 600,000 fewer vehicles in 2021 than in 2020.

US State Department spokesman Ned Price has said the US has announced a pause on nuclear negotiation with Iran, and that 'there is very little time remaining' to save the nuclear accord.

The cards would continue to work on Russian territory because all payments in Russia are made through a national system and do not depend on foreign systems.

Thanks to the explosive growth of the private satellite industry, the volume of imagery is greater and turnaround time faster compared to prior conflicts.

Traders were given a much-needed shaft of light on Wednesday when the Fed boss eased concerns over its plans for tightening policy.

It has stopped its Moscow operations and support for Russian airlines.

The announcement of the expulsion came on the last day of Russia's presidency of the UN Security Council and it ceded the presidential seat to UAE on Tuesday.

Metals tycoon Oleg Deripaska from Russia has called for peace talks over Ukraine crisis "as soon as possible" between Russia and Ukraine.