The Polish president warned of a crisis if Ukraine is unable to export grains to North Africa and other countries. He said Ukraine accounts for 80 percent of Egypt's grain needs.

Appearing by video link, Zelensky delivered the headline speech to the first World Economic Forum to be held in the Swiss Alps in more than two years after the Covid pandemic derailed the event. The war is dominating the four-day meeting of the world's business and political elite.

A bid by Ukraine to join the European Union would not be finalized for "15 or 20 years," France's Europe minister said Sunday, pouring cold water on Kyiv's hopes for quick entry in the wake of Russia's invasion. "We have to be honest. If you say Ukraine is going to...

Saudi Arabia may see a rise in inflation as global food and energy prices surge amidst the ongoing Russia-Ukraine war, Alexander Perjessy of Moody’s Investors Service tells TRENDS.

Official data showed Tuesday that Britain's unemployment rate has fallen further to a near five-decade low, but the value of wages continues to erode as inflation soars.

Qatar on Wednesday said it plans to invest an additional $5 billion in Spain on the second day of a state visit by its emir, Sheikh Tamim bin Hamad Al-Thani. "The volume of investments agreed upon with the Spanish side amounts to $5 billion in various sectors," said Qatari Foreign...

Wheat prices surged to a new record high on Monday after India decided to ban exports of the commodity as a heatwave hit production. The price jumped to 435 euros ($453) per tonne as the European market opened. Global wheat prices have soared on supply fears since Russia's February invasion...

The Group of Seven industrialized nations said Saturday they would never recognize the borders Russia is trying to shift by force in its war against Ukraine and pledged enduring support for Kyiv. The ministers were joined in the resort of Wangels by their counterparts from Ukraine and Moldova.

Washington is "working to clarify Turkey's position" after President Recep Tayyip Erdogan expressed opposition to Finland and Sweden joining NATO, White House spokeswoman Jen Psaki said Friday. The idea of the two nations becoming members of the transatlantic alliance had received "broad support from NATO member countries," Psaki said.

Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment. World markets have been volatile for much of 2022, with investors fretting about supply chain snarls due to...

Finland took a step Thursday towards fast-track NATO membership, triggering a blunt warning from the Kremlin, as the war in Ukraine throttled supplies of Russian gas to Europe and the number of people who fled the country passed six million. In Geneva, the UN Human Rights Council decided to probe...

The IEA said "steadily rising" output from the United States and Middle Eastern members of the OPEC+ oil cartel will help offset losses from Russia.

Ukraine is a major supply route for Russian gas to Europe and the two sides have kept flows going even after the Kremlin sent troops into Ukraine on February 24

The growth was helped by strong sales and a cheaper yen.

Russian Foreign Minister Sergei Lavrov visited gas-producing ally Algeria for talks Tuesday as a European drive to secure alternative supplies gathers pace. Lavrov, who arrived in Algiers late Monday, was due to hold talks with both Foreign Minister Ramtane Lamamra and President Abdelmadjid Tebboune, Algerian reports said. His visit is...

The embargo on Russian oil, which is part of a sixth package of EU sanctions under discussion, is being resisted by some member states that rely on Russian oil to keep their economies running and are seeking guarantees of alternative sources.

Russia invaded Ukraine in February, in part to thwart Kyiv's tilt towards integration with the EU and NATO.

President Joe Biden was clear from the moment he entered office -- China is the main international competitor and should be the top concern for US foreign policy. Then Russia invaded Ukraine. After months devoted to supporting Ukraine and punishing Russian President Vladimir Putin, Biden is shifting focus back to...

Our sacred duty is to hold back the ideological successors of those who were defeated" in World War II, which Moscow dubs "the great patriotic war," said Putin, as he urged Russians to "take revenge"

Ukrainian President Volodymyr Zelensky said that hundreds of people had been removed from the Azovstal steel plant in Azov, and that preparations for a second stage of evacuation comprising the wounded and medics were under way.

World food prices fell slightly last month after hitting a record in March but remain high due to the Ukraine war, the UN's Food and Agriculture Organization said Friday. International sanctions against Russia as well as export flow disruptions resulting from the February 24 invasion have sparked fears of a...

The Russian military had announced a three-day ceasefire at the site starting on Thursday, but a Ukrainian commander said there was still heavy fighting at the sprawling Azovstal complex, where hundreds of soldiers and civilians have been holed up for weeks under heavy bombardment.

Saudi Arabia, Russia and other key producers agreed to adjust upward the monthly overall production by 0.432 mb/d for the month of June. Prices had soared on Wednesday, with Brent North Sea crude closing above $110 a barrel.

The EU should confiscate and sell Russian assets it has seized and use the proceeds to rebuild war-scarred Ukraine, EU chief Charles Michel said in an interview published Thursday. He was the first high-ranking EU official to propose the confiscation of oligarchs' assets.

Revenue rallied 51 percent to $84.2 billion.

The announcement came on the 70th day of Moscow's military action in the pro-Western country.

European officials were preparing a new package of sanctions Tuesday to punish Russia for its invasion of Ukraine, but some members are jockeying to opt out of an oil embargo. Several EU officials and European diplomats in Brussels told AFP that they expected the European Commission to hand over the...

The unemployment rate in the eurozone reached its lowest level ever recorded in March, the EU's official statistics agency said on Tuesday. Eurostat said 6.8 percent of the workforce were without a job, down 0.1 percentage point from February. The February figure was revised upwards fractionally from the 6.8 percent...

A Russian carmaker has asked Iran to supply it with key components it cannot access due to Western sanctions imposed after the invasion of Ukraine, Tehran's state media reported. Hossein Bahrainian, from the Iranian Auto Parts Makers Association, said a Russian automaker had enquired about purchasing parts, without specifying the company by...

The European Union warned member states Monday to prepare for a possible complete breakdown in gas supplies from Russia, insisting it would not cede to Moscow's demand that imports be paid for in rubles. The European Commission will on Tuesday propose to member states a new package of sanctions to...

Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North Africa and onto European markets, the country's petroleum minister said on Monday. Africa's gas supplies are increasingly in the spotlight as the European Union looks to wean itself off Russia's...

The United States has been warning that Russia is preparing to formally annex regions in Ukraine’s east, while the European Union has told member states to brace for a complete breakdown in Russian gas supplies as it prepared a new package sanctions.

European Union ministers met Monday to respond to Russia cutting gas supplies to Poland and Bulgaria -- and discuss plans for a possible oil embargo to punish Moscow for invading Ukraine. The energy ministers from the 27 member states were coordinating efforts to counter what Brussels has branded the Kremlin's...

Finnish-led consortium Fennovoima said on Monday it has terminated a contract with Russian group Rosatom to build Finland's third nuclear power plant, citing risks linked to the Ukraine war.

Turkey hosted a meeting between Moscow and Kyiv negotiators in Istanbul and another between Russian Foreign Minister Sergei Lavrov and Ukrainian counterpart Dmytro Kuleba in Antalya in March. Turkish President Recep Tayyip Erdogan is now trying to pave the way for an Istanbul summit between Russian President Vladimir Putin and...

Russia's foreign minister urged the US and NATO to stop supplying Kyiv with arms if they are "really interested in resolving the Ukraine crisis", Chinese state media reported Saturday. Months into an invasion that failed in its short-term aim of capturing Kyiv, Moscow is now intensifying operations in Ukraine's eastern...

Libya's reduced output also comes as global oil prices remain under pressure since Russia, an OPEC+ producer, invaded Ukraine in February.

The International Monetary Fund's 2022 growth forecast for the region, which includes Arab countries and Iran, was forecast at 5.0 percent, up from the 4.1 percent prediction for this year made in October.

NATO member Turkey said it was still talking to Russia about procuring the second batch of one of its most advanced missile defense systems despite the war in Ukraine.

Chanel stores in the UAE reportedly refused to sell products to Russian customers unless they signed a document committing not to use the products in Russia.

For months, Ukrainian President Volodymyr Zelensky has been asking Western allies for heavy weapons, vowing that his forces could turn the tide of the war with more firepower. The calls appear to be resonating now, with a host of NATO countries pledging to provide a range of heavy weapons and...

Russian President Vladimir Putin congratulated French President Emmanuel Macron on his re-election and defeat of far-right candidate Marine Le Pen, the Kremlin said Monday, as tensions remain over the Ukraine conflict. Macron was one of the few Western leaders to contact Putin since Moscow moved troops into Ukraine.

The United States' top diplomat and defence chief were in Ukraine's capital Sunday, Kyiv said, making the first high-level visit by US officials since Russia invaded two months ago as hundreds remain trapped in the besieged city of Mariupol. The trip by Secretary of State Antony Blinken and Defence Secretary...

Soaring fuel prices in Morocco have placed billionaire petrol magnate Aziz Akhannouch -- who is also prime minister -- at the heart of a reignited debate about the conflict between business and politics. For the first time since the war in Ukraine led to a global jump in crude prices,...

Turkey has been trying to negotiate an end to the conflict between the two countries, hosting meetings between Russian and Ukrainian negotiators in its capital Istanbul, as well as a summit between the two countries' foreign ministers in Antalya.

Russian forces, which withdrew from around Kyiv and the north of Ukraine earlier this month after being frustrated in their attempts to take over the capital, already occupy much of the eastern Donbas region and the south.

UN Secretary General Antonio Guterres will meet with President Volodymyr Zelensky in Ukraine next week after a stop in Moscow to confer with President Vladimir Putin about the war, the UN said Friday. Guterres will see Zelensky and Ukraine's foreign minister on Thursday, two days after visiting Moscow, the United...

Economic growth in the eurozone accelerated and hit a seven-month high in April, a key survey showed on Friday, despite concerns about inflation and Russia's war in Ukraine. Meanwhile goods and services prices rose at an unprecedented rate in April amid another near-record rise in firms' costs.

Italy is ethically obliged to stop buying Russian gas "soon" as the payments are funding the Ukraine war, the country's Ecological Transition Minister Roberto Cingolani said in an interview Thursday. The minister is currently on a two-day trip to Angola and Congo Republic seeking energy deals as Italy scrambles to...

President Vladimir Putin said the ‘liberation’ of Mariupol was a ‘success’ for Russian forces, but also ordered Defense Minister Sergei Shoigu to call off the planned storming of the Azovstal industrial area, dismissing it as "impractical". Around 2,000 Ukrainian forces are still in the plant.