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.

The Global Business Travel Association now projects business travel will regain its 2019 level of $1.43 trillion in mid-2026, 18 months later than predicted in the group's last forecast in November. "Recovery has hit some headwinds," GBTA said in a statement that outlined a gradual improvement from a 2020 low...

The charge has been set at 2.419 cents per kilowatt hour, said Trading Hub Europe, a non-profit company of energy network operators in Germany.

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.

A planned exit from the Netherlands towards the end of November follows Deliveroo's departure from Spain last year, although the group on Wednesday said it had gained market share in the UK and Italy.

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...

An Iranian satellite launched by Russia blasted off from Kazakhstan early Tuesday and went into orbit amid controversy that Moscow might use it to improve its surveillance of military targets in Ukraine. A live feed from Russian space agency Roscosmos showed the launch of the Soyuz-2.1b rocket carrying the Khayyam...

The Russian-held Zaporizhzhia power plant in Ukraine, which is at the center of international concern amid mutual accusations of shelling by Moscow and Kyiv, is Europe's biggest nuclear plant.

The Sierra Leone-flagged Razoni was cleared for passage through the Bosphorus Strait by a team that included Russian and Ukrainian inspectors on Wednesday, and a Ukraine embassy spokesperson had later said it was expected to dock in Lebanon's port of Tripoli at 10 am (0700 GMT) on Sunday.

The Laodicea, which was docked in the northern port of Tripoli, was cleared to leave after investigations failed to prove it carried stolen goods, officials said. It set sail at 8:00 am (0500 GMT), according to Lebanese state media, and was later reported by authorities in Damascus to have arrived...

The BoE is tipped to lift its main rate by 0.50 percentage points the biggest amount in more than a quarter of a century. British inflation jumped to a four-decade high of 9.4 percent in June, worsening a cost-of-living crisis as workers' wages fail to keep pace. With inflation spiking...

BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also disrupting supply and weighing on the industry.

British oil giant BP returned to profit in the second quarter on the back of soaring energy prices, following a big loss due to its exit from Russia over the war in Ukraine, company results showed Tuesday.

Algerian President Abdelmadjid Tebboune has suggested that his country, Africa's largest natural gas exporter, could join the BRICS economic group that includes Russia and China.

In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can't afford any.

Germany's second-quarter growth figures to be published on Friday are expected to be meek as the outlook for Europe's largest economy is clouded by the fallout from Russia's war in Ukraine. A recession in the months to come has a growing sense of inevitability about it, observers say. And it...

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.

Egyptian smallholders grow nearly half of the country's crops, a lifeline role increasingly important after grain imports were stalled by war in Ukraine but they are struggling to survive.

The North African country has seen its economy crippled by a crisis exacerbated by the coronavirus pandemic and the war in Ukraine, which has sent public debt soaring.

H&M, which has operated in Russia since 2009, said it would reopen stores in Russia "for a limited period of time to sell remaining inventory" as part of the exit process.

The European Central Bank will raise its interest rates on Thursday for the first time in over a decade, but the bank is already under pressure to do more amid record inflation.

The European Union will discuss tightening sanctions against Russia on Monday, as Moscow is accused of using the continent's largest nuclear power plant to store weapons and launch missiles on the surrounding regions of southern Ukraine.

The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades. The European single currency sank to $0.9952 on Thursday -- a level not seen since the end of...

Airlines are recovering from the huge Covid fallout but face fresh turbulence from rocketing inflation.

Russian oil firm Zarubezhneft will take over its remaining 20 percent stake in the Kharyaga project in the Arctic pending approval by Russian authorities.

Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked down as part of officials' zero-Covid policy.

Tunisian farmer Mondher Mathali surveys a sea of swaying golden wheat and revs his combine harvester, a rumbling beast from 1976 that he fears could break down at any moment.  Since the Ukraine war sent global cereal prices soaring, import-dependent Tunisia has announced a push to grow all its own...

Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.

Ukraine on Friday asked Turkey to detain a Russian-flagged cargo ship that Kyiv alleged had set off from a Kremlin-occupied port. Marine traffic websites showed the Zhibek Zholy anchored about a kilometer (half a mile) off Turkey's Black Sea port of Karasu. They also showed the ship only switching on...

Asian and European stock markets nursed losses Wednesday on resurgent fears that sharp interest rate hikes aimed at tackling runaway inflation could spark recession.

Saudi oil giant Aramco has built new refineries in Jazan to boost its production capacity to 400,000 barrels a day to compensate for the fuel shortage triggered by curbs against Russia.

Leader of the free world sounds like a superhero character, but the Joe Biden heading this week to twin European summits is in reality a politically fragile president tasked, somehow, with resolving an unenviable string of diplomatic problems. Biden arrives Saturday in Germany for the G7 summit of major Western...

UN Secretary-General Antonio Guterres on Monday called for the Security Council to extend its authorization of cross-border aid into northwest Syria by a year a policy that veto-holding Russia has criticized.

The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month.

EU foreign policy chief Josep Borrell said Monday that Russia should be held "accountable" if it keeps blocking the export of vitally needed grain from Ukraine.

Federal Reserve Governor Christopher Waller on Saturday threw his support behind another large interest rate increase next month. The Fed on Wednesday announced the biggest hike in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points to rein in scorching inflation.

Turkey is ready to host a four-way meeting with the United Nations, Russia, and Ukraine to organize the export of grain through the Black Sea, Foreign Minister Mevlut Cavusoglu said on Wednesday.

The United Nations on Monday begged world trade ministers meeting at the WTO not to impose export restrictions on food for humanitarian purposes, amid a food security crisis. The UN's human rights chief Michelle Bachelet and its trade and development head Rebeca Grynspan said Russia's war in Ukraine was increasing the...

Sanctions imposed on Moscow over the invasion of Ukraine are rolling back more than a decade of economic progress and three decades of integration with the West, according to an analysis Wednesday. But economists at the Institute for International Finance caution that the impact is a "moving target" since more...

The World Bank on Tuesday approves an additional $1.5 billion in aid for Ukraine, bringing the total planned support package to more than $4 billion.

At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports.

President Joe Biden has said the United States will send more advanced rocket systems to Ukraine, as Russian troops press their ferocious bid to complete the capture of a key eastern city.

European Union leaders have agreed to ban more than two-thirds of Russian oil imports, tightening economic screws on the country even as Moscow's forces press their offensive in Ukraine's eastern Donbas region. The compromise deal reached late Monday, meant to punish Russia for its invasion three months ago, cuts "a...

NATO is no longer bound by past commitments to hold back from deploying its forces in eastern Europe, the US-led alliance's deputy secretary-general said Sunday. Moscow itself has "voided of any content" of the NATO-Russia Founding Act, by attacking Ukraine and halting dialogue with the alliance, Mircea Geoana told AFP....

Iran said Saturday the crews of two Greek oil tankers it has seized in the Gulf are in "good health" and not under arrest.

Iran's Revolutionary Guards seized two Greek oil tankers in the Gulf Friday, days after Athens confirmed it would deliver to Washington the Iranian oil it had seized from a Russian tanker. "The IRGC naval forces today (Friday) seized two Greek oil tankers in the Persian Gulf due to violations that...