The UAE energy minister Suhail Mohamed Al Mazrouei said he expected the outcome of meeting to "balance the market and ensure we are ready for any challenges in the future". Analysts expected OPEC+ producers to maintain their current policy, but signs emerged that staying the course might fall short of...

Following the shipment suspension and "as a result of the economic outlook, Nintendo of Europe has decided to wind down operations of its Russian subsidiary", the company said. Nintendo's eShop was already "under maintenance" in Russia because its payment provider had stopped ruble transactions.

Russia has for years been issuing passports to people living in the eastern Donbas areas held by pro-Moscow separatists since 2014 as well as in annexed Crimea.

As drones struck in and around Moscow, Russian drones targeted Kyiv for a third straight day while Ukraine gears up for a major offensive against Russian forces. Officials said no one was seriously injured in Moscow, but some ordinary people said they never thought the Russian capital could be hit...

In a world where Turkey and Russia are both sceptical of Western military, political and economic dominance, Putin and Erdogan see each other as reliable partners. "Russia must have breathed a sigh of relief," said a Western diplomat, referring to the outcome of the first round on May 14.

Doha, Qatar - Qatar's energy minister warned on Tuesday the "worst is yet to come" for Europe's oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months. "The only thing that saved humanity and Europe this year was a warm winter, and the slowdown in the...

Paris, France – Sovereign borrowing needs are expected to increase in 2023 against the backdrop of the financial and economic spillovers of the crisis in Ukraine, as many countries forming a part of the Organization for Economic Cooperation and Development (OECD) seek to cushion households and businesses from rising prices,...

Bakhmut, which once had a population of 70,000 people, has been the scene of the bloodiest battle in Moscow's more than year-long Ukraine offensive. The fall of Bakhmut, where both Moscow and Kyiv are believed to have suffered huge losses, would allow Moscow to bring home a key victory after...

President Joe Biden may be on the other side of the world but his political fight back home over the debt ceiling has followed him. Bruce Reed is the White House deputy chief of staff and he has trailed president, "updating POTUS on the status of the talks", as a...

Japanese PM Fumio Kishida is hosting leaders from six other wealthy democracies in his hometown -- a city synonymous with nuclear destruction and now peppered with peace monuments. Leaders including US President Joe Biden will try over three days to forge a united front on Russia and China, where the...

Erdogan made the announcement one day before it had been due to expire, scoring a diplomatic coup ahead of a May 28 runoff election in which he will try to extend his two-decade rule until 2028. He thanked "my precious friend", Russian President Vladimir Putin, Ukrainian counterpart Volodymyr Zelensky and...

PARIS, FRANCE -  Russia's oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by US$1.7 billion despite Western sanctions, the International Energy Agency said on Tuesday. The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd last month, estimating...

In a visit to various European capitals to hold consultations with his allies, Zelensky dined with French President Emmanuel Macron at the Elysee Palace on Sunday night and held discussions that included building up Ukraine's arsenal. The leaders reviewed the military situation and the need for an ad hoc tribunal...

Muscat, Oman--Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al-Thani has called for a unified policy for purchase of food and medicine at a meeting in Muscat. This came during his participation in the consultative meeting between GCC ministers of commerce and heads of unions and chambers of commerce and...

Riyadh,  Saudi Arabia - Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah discussed in a phone call on Friday, with his Russian counterpart Sergey Lavrov, bilateral relations and the ongoing war in Ukraine. During the call, the two ministers also exchanged views on a number of regional...

CUACOS, SPAIN -  UN Secretary-General Antonio Guterres said peace negotiations to end the conflict in Ukraine were "not possible at this moment," in an interview published by Spanish daily El Pais on Tuesday. His statement came as the leaders of Russia and Ukraine called for victory during events commemorating the end...

Russian troops have battled since last summer to capture Bakhmut, the political importance of which has come to surpass any strategic value. As the counteroffensive looms, Moscow has ordered families with children and elderly members to temporarily evacuate a slew of Russian-held areas in southern Ukraine.

The 69-year-old has become one of Turkey's most important and divisive leaders since his Islamic-rooted party ended half a century of secular rule and launched an era of social transformation. Turkey became a strategic player with a vibrant economy and a modern army of drones that shifted battlefields in wars...

Vlad Marinescu, the IJF director general said that the IJF executive committee voted unanimously to reinstate Russians and Belarusians. The decision to end the ban followed a recommendation of the International Olympic Committee.

Terming it as a "planned terrorist act and an attempt on the life of the President of the Russian Federation," Moscow said that two unmanned vehicles were aimed at the Kremlin and the devices were "put out of action." The statement said that Russia reserves the right to take retaliatory...

Consumer prices edged up from 6.9 percent in March, which could further encourage the European Central Bank (ECB) to raise interest rates on Thursday. Analysts for FactSet and Bloomberg had predicted the rate would remain stable. The ECB has hiked rates repeatedly since July last year to rein in inflation.

National Security Council spokesman John Kirby said he was not giving estimates of Ukrainian casualties because "they are the victims here. Russia is the aggressor." The White House will not put "information in the public domain that makes it any harder" for the close Western ally, whose army is being...

Tunis, Tunisia -- President Kais Saied has called for the revival of Tunisia's phosphate industry, suggesting he will seek alternative sources of revenue that would allow the country to do without a foreign bailout. "Our gold is underground while the country is facing a difficult financial situation," Saied told a meeting...

The firm had sold its oil sands activities in Canada to SunCor Energy.

The veteran Democrat would be 86 by the end of a second term. Even if a medical exam in February found him "fit" to execute the duties of the presidency, many including in his own voter base believe he is too old. An NBC News poll released over the weekend...

Financial results were published in ADB’s Annual Report 2022.

Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose" into a fighting force that could deter China or any would-be foe. Defense Minister Richard Marles unveiled a strategic review that called for using missiles, submarines and cyber tools to...

China insisted it respects the sovereignty of all ex-Soviet countries, after comments by its ambassador to France drew ire in Europe. Lithuania, Estonia and Latvia, the European Union's three Baltic countries, summoned China's envoys to account for Ambassador Lu Shaye questioning the sovereignty of former Soviet states.

"German business's worries are abating, but the economy is still lacking dynamism," said Ifo president Clemens Fuest.

Brussels, Belgium - Comments made by the Chinese ambassador to France questioning the sovereignty of post-Soviet countries were "unacceptable," EU foreign policy chief Josep Borrell said Sunday. Borrell added that he hoped the comments did not reflect Beijing's official stance. "Unacceptable remarks of the Chinese ambassador to France," Borrell tweeted. "The...

Geneva, Switzerland -- Researchers from around the world have embarked on an effort to try to build a system allowing humanity to anticipate violent conflicts before they erupt -- and thus potentially prevent them. They will examine dramatic advances in artificial intelligence and how the decisions taken by the world's...

According to a ranking by the Sovereign Wealth Fund Institute (SWFI), the Norwegian fund is the biggest in the world, just ahead of the China Investment Corporation and followed by those in Abu Dhabi, Kuwait and Singapore.

After two days of talks in the bucolic Japanese mountain resort town Karuizawa, the top diplomats from leading economies unveiled no new sanctions on Moscow over its invasion but pledged to crack down on those helping Russia evade the measures and acquire weapons.

Iran's judiciary had said in November 2021 that a trial had opened in Tehran for 10 military members in connection with the jet's downing.

In February this year, the Iraqi foreign minister reiterated Baghdad's support for a ceasefire and negotiations to end the war in Ukraine, during a visit to Baghdad by his Russian counterpart Sergei Lavrov.

They also announced a series of deals, including one for the UAE-controlled Mataripe refinery in northeastern Brazil to invest up to $2.5 billion in a biodiesel project in the region, and another on cooperating against climate change. The UAE is due to host the COP28 UN climate talks later this...

ABU DHABI, UAE - Brazilian President Luiz Inacio Lula da Silva arrived here Saturday, following a two-day visit to China to strengthen economic and diplomatic ties. The UAE's energy and infrastructure minister, Suhail bin Mohammed al-Mazrouei, welcomed the Brazilian leader at Abu Dhabi airport, local media reported. Lula, who in January...

BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine. While many Western countries are upping their investments in atomic energy to reduce...

Russia delivered a new warning to the West over a grain deal with Ukraine, saying a number of conditions must be met for Moscow to extend it beyond May 18. Negotiated in July by Turkey and the United Nations, the agreement has given Ukrainian grain shipments a safe corridor in...

Evan Gershkovich was formally charged with espionage by Russia, according to Russian news agencies, accusation rejected both by the reporter and his employer, the Wall Street Journal. The charges are the first of their kind in Russia since the collapse of the Soviet Union, sparking off an outcry from media...

World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed. Prices have fallen 20.5 percent since March 2022 after a 12th straight monthly drop, the Food...

Beijing, China--French and EU leaders will on Thursday seek to make Europe's case for bringing an end to the conflict in Ukraine in a Beijing meeting with Xi Jinping, a close ally of Vladimir Putin. French President Emmanuel Macron and European Commission chief Ursula von der Leyen will be greeted late...

The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in the Asia-Pacific region, where Paris sees itself as a player due to its overseas territories and military deployments. On the eve of his visit, Macron discussed his trip to China...

Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling out of the banking crisis and the return of optimism to the markets, the price of the barrel was already showing signs of recovering," he noted.

Kyiv, Ukraine--Ukraine on Saturday branded Russia's presidency of the UN Security Council for the month of April "a slap in the face", joining a chorus of outrage from Western countries. Moscow assumes the presidency as part of its monthly rotation between the Security Council's 15 member states, with ties with the...

Two weeks after President Recep Tayyip Erdogan publicly backed its bid, Turkish lawmakers unanimously supported Finland's membership of the US-led defense alliance after the Russia's invasion of Ukraine. Turkey was the final NATO nation to ratify the Nordic country's accession, which NATO chief Jens Stoltenberg said will make the "NATO...

Warsaw, Poland - Poland's prime minister on Wednesday appealed to Brussels to limit the amount of Ukrainian grain entering the European Union, saying it was destabilizing local markets. Ukraine, one of the world's largest grain exporters, saw its traditional Black Sea export routes blocked or limited by Russia's invasion. The EU...

Moscow, Russia--Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia's deputy prime minister said Tuesday. Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on...

Ankara,Turkey - Turkish Foreign Minister Mevlut Cavusoglu discussed during a phone call with UN Secretary-General Antonio Guterres the deal to ship grain across the Black Sea.. Last week Turkey announced the extension of the deal that has allowed exports of Ukrainian grain to resume following Russia's invasion, but it was...

Even with a better outlook for 2024, global growth will remain well below its historic average of 3.8 percent, she said at the China Development Forum. Uncertainties are exceptionally high, including because of risks of geo-economic fragmentation which could mean a world split into rival economic blocs.