India's central bank on Wednesday hiked rates for a second time in as many months, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war.

Russian Foreign Minister Sergei Lavrov began a two-day visit to Turkey on Tuesday for talks on unblocking grain exports from Ukraine, which have been stalled by Moscow's offensive. The plane carrying Lavrov landed at the airport in the Turkish capital Ankara, an AFP photographer saw.

Iraq's State Organization for Marketing of Oil (SOMO) has said it approached France about the possibility of Iraq's supplying the European market with oil. The Organization's General Manager Alaa Al-Yasiri said that French parties concerned with the possibility of being supplied with oil have been addressed but gave no further...

The planned delivery of new US weapons to Ukraine, including advanced missile systems, increases the risk of drawing the United States into direct conflict with Russia, Moscow said Wednesday. On Tuesday, Washington said it will be supplying Ukraine with advanced missile systems, including the Himars multiple-launch rocket system.

A withering drought and poor harvests plus price hikes fueled by the war in Ukraine are threatening Morocco's fragile economic recovery.

Russian Foreign Minister Sergei Lavrov said Tuesday it was up to the West and Kyiv to resolve a growing global food crisis provoked by the conflict in Ukraine. Russia's offensive in Ukraine and Western sanctions have disrupted deliveries of wheat and other commodities from the two countries, fuelling concerns about...

Looping in the air at lightning speed, Turkish drones like those used against Russian forces in Ukraine draw cheers from the crowd at an air show in Azerbaijan. Turkey is showcasing its defence technology at the aerospace and technology festival "Teknofest" that started in Azerbaijan's capital Baku this week.

Tokyo stocks opened higher on Thursday following gains on Wall Street, despite ongoing worries over inflationary pressure due to the war in Ukraine. Global markets perked up after the US Federal Reserve released its minutes in which policymakers, as investors expected, agreed that they need to raise rates by 50...

Entrepreneurs, lawyers and art dealers are among those flocking to the financial hub in the oil-rich United Arab Emirates, which had refused to join a UN Security Council vote condemning Russia's war.

India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on wheat shipments sent global prices soaring in the wake of the Ukraine war.

Russia's invasion of Ukraine has put financial markets under renewed stress by driving up prices and impeding growth, the European Central Bank said in a report. The war has "increased financial stability risks through its impact on virtually all aspects of economic activity", ECB vice-president Luis de Guindos said in...

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.