The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing US partner. The sale marks a milestone in Indian purchases of American weapons after New Delhi's reliance on weapons from Russia, which have been increasingly controversial due to sanctions over...

Its revenue dived almost a fifth percent to US$316.6 billion.

With inflation up at 35 percent, and amid a severe foreign currency crunch, the Egyptian pound is plunging and the US dollar has become hard to come by. The country's highly import-reliant economy, dominated by military-linked enterprises and with a fondness for infrastructure mega-projects, has been hit hard by a...

Kyiv had accused Moscow of being a "terrorist state" whose support for pro-Russian separatists in eastern Ukraine was a harbinger of the full-fledged 2022 invasion. It wanted Russia to compensate all civilians caught up in the conflict, as well as victims from Malaysia Airlines flight MH17, which was shot down...

Geneva, Switzerland - The World Health Organization said on Monday that nearly half the world's population was now covered by solid rules limiting trans fat in foods and urged lagging countries to catch up.The WHO appealed in 2018 for industrially produced fatty acids in foods to be eliminated worldwide by 2023,...

Cairo, Egypt-- Egypt has enough reserves of wheat to last it for many months, according to Dr. Ali Al-Moselhi, the Egyptian Minister of Supply and Internal Trade.The minister said the country's reserves of wheat are sufficient for 4.2 months, oil for 5.3 months, and sugar for 5.4 months.He noted that...

The Western military alliance has said some 90,000 troops will take part in the months-long Steadfast Defender 24 exercise designed to test its defenses in the face of Russia's war on Ukraine. "The alliance will demonstrate its ability to reinforce the Euro-Atlantic area via trans-Atlantic movement of forces from North...

The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into the hands of geopolitical rivals like China. Brussels has bolstered its armoury of trade restrictions to tackle what it deems to be risks to European economic security, following Russia’s invasion...

The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover around 220,000 shells and deliveries to NATO members will start at the end of 2025.

Prime Minister Li Qiang, who will make a special address on Tuesday, will be the most senior Chinese official to attend Davos since President Xi Jinping in 2017. The Prime Minister will be joined by Chinese Commerce Minister Wang Wentao, the governor of the People's Bank of China and high-ranking...

"Remember Ukraine?" UN aid chief Martin Griffiths asked as he launched the plan in Geneva. "Please do not forget Ukraine while there are many other places in the world which grab our attention." "As we go into 2024, the competition for funding is going to be more," he acknowledged, citing...

Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine set to dominate the annual gabfest in the Swiss Alps.Russia's nearly two-year-old assault on Ukraine has taken center stage at previous editions of the World Economic Forum (WEF), with Kyiv...

GAZA, PALESTINIAN TERRITORIES - Bombed-out neighborhoods, mass graves dug in the sand, spreading hunger and disease -- as the bloodiest ever Gaza war nears 100 days, besieged Palestinians have endured ever new horrors.More than three months of relentless Israeli bombardment since the October 7 Hamas attack have taken a grueling...

Indian refiners bought 1.45 million barrels per day of Russian oil last month, their lowest amount since last January and down nearly 16 percent from November, according to global energy trade intelligence platform Kpler.

Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World Economic Forum in Davos next week dominated by the war in Gaza, the WEF said Tuesday.Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li Qiang...

The data supports comments by European Central Bank (ECB) chief Christine Lagarde, who has warned that Europe should remain on guard despite falling inflation.

World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food and Agriculture Organization said. The FAO's cereals price index fell 15.4 percent last year, "reflecting well supplied global markets" compared to 2022, when prices soared after Russia's invasion of Ukraine,...

The corridor was created in August to link Ukraine's ports to the Bosphorus Straits, several weeks after Moscow refused to agree on a new accord to allow cereal exports through the contested Black Sea. The now-defunct accord had allowed Ukraine to export nearly 33 million tons of cereals and other...

The Belgorod attack came a day after Ukraine said a barrage of Russian missile strikes on several cities killed at least 40 people, wounding dozens more. Fresh strikes Saturday caused more casualties in the northeastern city of Kharkiv, Ukrainian officials said. Belgorod lies about 30 kilometers (19 miles) from the...

Sweden and Finland bids earned approval from all NATO members except Turkey and Hungary. They remain the only NATO members left to ratify Sweden's bid 19 months after it applied for membership. Sweden and Finland dropped decades of military non-alignment and sought to join the organisation after Russia invaded Ukraine...

MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the UK, Norway and Ukraine to the country. “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Cabinet noted on...

Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted a message found on a downed Russian drone which read "Die, bitches". "Great idea! Here is our response!" he said on Telegram.

The Chinese president called for deeper bilateral cooperation during a meeting with Russia's Prime Minister Mikhail Mishustin in Beijing. The strong relationship between the two nations, which has endured despite Russia's military invasion of its neighbour Ukraine in early 2022, has faced pointed criticism from Western leaders in recent years.

Sales of Hyundai cars have tumbled in Russia.

The agency said the funding would allow it to reach 17.3m children in need of measles vaccinations, 7.6m children with acute malnutrition, and 19.3m children lacking access to education. At the same time, the United Nations Population Fund called for $1.2bn in funding "to address the mounting crises affecting women...

Washington, United States -- The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab Emirates and others, aiming to disrupt Moscow's military procurement networks amid its war in Ukraine.The latest actions take aim at people and entities accused of supplying Russia’s industry and furthering...

Paris, France - Ukraine's allies have dramatically scaled back their pledges of new aid to the country, which have fallen to their lowest level since the start of the war, the Kiel Institute's Ukraine aid tracker showed Thursday."The dynamics of support to Ukraine have slowed," the German-based institute said, adding that...

Volkswagen has some 675,800 employees worldwide.

Dubai, UAE--The IMF announced Friday that it will revise its economic outlook for the Middle East and North Africa region due to the ongoing Israel-Hamas conflict.The conflict will have wide-ranging consequences for "both people and economies" in the region, although the extent of the impact remains "highly uncertain," the International...

Moscow's all-out invasion of Ukraine in 2022 provided Europe with a wake-up call that it needed to pump more into defense to be able to confront the threat of its bellicose eastern neighbor.

Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said."During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO.Before production was interrupted at...

NATO's other 29 allies, outside of Turkey and Hungary, had hoped to formally welcome Sweden into the alliance at the meeting of foreign ministers in Brussels.Sweden and Nordic neighbor Finland had dropped their long-standing policies of non-alignment and applied to join the US-led military alliance in the wake of Russia's...

Antwerp, Belgium - As European capitals prepare to implement long-awaited sanctions on Russia's diamond exports, Belgian traders are bracing for new scrutiny of their industry.In Antwerp's renowned diamond district -- which handles an estimated 86 percent of the world's rough diamonds -- polishing "labs" are turning to blockchain technology to prove...

Paris, UAE -- Permanent migration to OECD countries reached 6.1 million in 2022, a 26 percent increase compared with 2021, and its highest level since at least 2005, according to International Migration Outlook 2023.Fifteen 15 out of the 38 OECD countries registered in 2022 their highest levels of permanent migration...

San Francisco, US - US President Joe Biden and Chinese President Xi Jinping will try to prevent the superpowers' rivalry spilling into conflict when they meet for the first time in a year at a high-stakes summit in San Francisco on Wednesday.With tensions soaring over issues including Taiwan, sanctions and trade,...

Mystery has surrounded who was behind the blasts that damaged the pipelines, cutting off a major route for Russian gas exports to Europe and fuelling already high tensions over Moscow's invasion of Ukraine. Different theories have emerged pointing the finger at Ukraine, Russia or the United States. All have denied...

Founded in 1957, the European Economic Community (later renamed the EU) started out with six members Belgium, France, Italy, Luxembourg,  the Netherlands and West Germany.

As when the European Union published its annual reports on candidate countries' progress towards EU norms on Wednesday, all eyes will be on Ukraine and Moldova. Turkey, a formal candidate for membership since 1999, will barely be discussed -- but it wasn't always the case.

Sotheby's and Christie's will be moving a host of big-ticket lots, though they may still have a hard time topping last year, when total sales hit a record $16 billion.

The oil giant posted a 23% drop in profits for Q3 to US$32.58bn.

During parliamentary hearings, State Duma speaker Vyacheslav Volodin said the move to revoke the treaty was a response to the United States' "cynicism" and "boorish attitudes" on nuclear weapons.

The oil giant had posted a net loss of $2.2bn the previous year.

Moscow, Russia - Russia on Monday blamed "external interference" for an anti-Israel riot that closed an airport in the Muslim-majority region of Dagestan the previous day."Yesterday's events at Makhachkala airport are, to a large extent, the result of external interference," Kremlin spokesman Dmitry Peskov told reporters.Russian police on Monday said they...

London, United Kingdom - Britain on Monday awarded 27 new licenses for oil and gas exploration in the North Sea as it seeks to quickly boost energy security, but the announcement angered environmentalists.The Conservative government has argued that drilling for new oil and gas is necessary to bolster Britain's energy security...

Paris, France - Billionaire Elon Musk said on Saturday that his Starlink satellite service would support internet access for "internationally recognized aid organizations in Gaza," which have faced a telecommunications blackout since Friday.Starlink is a network of satellites in low Earth orbit that can provide internet to remote locations, or areas...

This drop is smaller than the 31 percent fall in Q2.

The French energy firm earned a net profit of $6.7 billion.

The package also includes $7 billion for countering China and strengthening allies in the Asia-Pacific region, and over $9 billion for humanitarian assistance for Gaza, Ukraine and Israel. But most importantly, however, the huge funding ask is an attempt to bolster waning support for Ukraine by linking it with funding...

The US president trod a tightrope on his wartime visit to Israel, with key Arab allies Jordan and Egypt calling off a meeting in Amman with him over a deadly strike on a Gaza hospital. Hamas says Israel was to blame for the strike, which sparked fury across the Muslim...

Since its invasion of Ukraine in February last year, Russia has been accused of taking thousands of Ukranian chlidren to its territory. A diplomat briefed on the process said that the children, aged between two and 17, have been staying at the Qatari embassy in Moscow while Doha mediated between...