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.

Moscow, Russia--Russian President Vladimir Putin said Saturday he would deploy tactical nuclear weapons in neighbour and ally Belarus, bringing the arms to a country at the gates of the European Union. Putin has previously issued thinly veiled warnings that he could use nuclear weapons in Ukraine if Russia were threatened, reviving...

COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object that was spotted near the pipeline, six months after sections were sabotaged. Russian President Vladimir Putin, who revealed the discovery of the object earlier this month, said experts believe that...

Mohammed bin Salman has also worked to mend rifts with regional rivals like Qatar and Turkey, and even offered up the Gulf kingdom as a possible mediator for the war in Ukraine.

The ECB president insisted, however, that if the most recent forecasts were confirmed, "we will still have ground to cover to make sure that inflation pressures are stamped out".

But US officials and experts say that China's diplomacy is not so much about ending the war as an attempt to change the narrative. Xi "would like to be seen and be taken seriously as a peacemaker," said Robert Daly, director of the Wilson Center's Kissinger Institute on China.

European Union foreign policy chief Josep Borrell had warned Monday that if crisis-torn Tunisia "collapses economically or socially then we will be in a situation where new flows of migrants will come to Europe". An EU delegation arrived in Tunisia on Tuesday to examine "the political and socio-economic situation" and...

The head of the Western military alliance said he welcomed any proposals that could lead to a "just and sustainable peace". He said China's paper included some positive elements, including emphasising nuclear safety, protecting civilians and territorial integrity.

LONDON, UK- Europe's natural gas price slid Monday below US$43 for the first time in more than a year and a half, dampened by mild weather and high storage levels. In morning London deals, the price of benchmark Dutch TTF gas hit $42.5 per megawatt hour - last seen in July...

Just hours after Putin visited Crimea to mark the ninth anniversary of the peninsula's annexation, video distributed by the Kremlin showed him landing by helicopter in Mariupol, the port city that Moscow captured after a long siege last spring. The Russian leader took a tour of the city and was...

Turkey announced the extension of a deal that has allowed exports of Ukrainian grain to resume following Russia's invasion, but it was unclear if it had been prolonged for 60 or 120 days. Russia said it had agreed to a 60-day extension, while Ukraine's infrastructure minister said the deal had...

BRUSSELS, BELGIUM- The European Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU and make sure the Union is well-equipped for the clean-energy transition, local media reports said. This initiative was announced by President Ursula von der Leyen as a part of the...

The degree of anger and sympathy for the protesters, particularly among the American and European public, makes it near impossible to reach a nuclear deal, believes Vali Reza Nasr.

Zara owner is the world's biggest fashion retailer.

Consultations to prolong Ukrainian grain exports deal are continuing, the UN said, after a Russian proposal for just a 60-day extension cast doubt over its fate. "The United Nations will do everything possible to preserve the integrity of the agreement and ensure its continuity," Jens Laerke, spokesman for the United...

New York, United States - Oil prices fell over 2 percent in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support, Reuters reported. Brent crude futures settled down $2.01,...

The world is facing a new environment where powerful global leaders and corporate leaders are creating uncertainty and risk, Eurasia Group chief Ian Bremmer tells TRENDS.

Russia has agreed to extend the Ukraine grain export deal following talks with the United Nations - but only for a further 60 days. Moscow said it wanted to see "tangible progress" on a parallel agreement on Russian exports before the deal comes up for renewal again.

Shares in ADNOC Gas were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 percent of issued share capital in response to strong interest.

MANAMA, BAHRAIN -  Speaker of  the UAE Federal National Council Saqr Ghobash discussed ways to enhance cooperation with First Deputy Chairman of Ukraine Verkhovna Rada (Parliament) Oleksandr Kornienko on the sidelines of the 146th Assembly of the Inter-Parliamentary Union held here. During the meeting, they discussed parliamentary cooperation between the...

Austin's talks with his hosts were centred on the changing geopolitics of the region, which is currently roiled by rising threat from Iran and the ongoing war in Ukraine.

MOSCOW, RUSSIA - Russian Foreign Minister Sergei Lavrov said Thursday that extending a deal that allowed grain exports from Ukraine to resume was becoming "complicated" as he claimed it was not being properly implemented. Russia's military intervention last February saw Ukraine's Black Sea ports blocked by warships until a deal last...

Analysts view the opposition's failure to put aside their differences just two months before the vote as one of the main factors working in Erdogan's favour. Erdogan's public approval plunged after he unleashed an unusual economic experiment in late 2021 that tried to fight inflation by drastically cutting interest rates.

Norway earned 1.5 trillion kroner ($140 billion) in revenues from oil and gas, according to estimates by Statistics Norway (SSB). It was "by far the highest ever recorded in the statistics" and almost three times the 498 billion kroner earned in 2021, according to SSB.

FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high. "At this point in time, it's possible that we continue on that path," Lagarde told Spain's Antena 3...

The Fifth United Nations Conference on the Least Developed Countries (LDC5) was twice postponed because of coronavirus. A plan of action was agreed at the UN general assembly last year, and no major cash pledges are expected at the Qatar meeting. The presidents will be there - with thousands of...

The situation has been made worse by a crisis facing the agricultural sector, which makes up 14 percent of gross domestic product. The worst drought in four decades has been compounded in recent weeks by a snap of unusually cold weather. The government has boosted subsidies on some basic products...

There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has seen a stunning growth in the sector.

Inflationary pressures, meanwhile, have eased by less than expected. Continued strength in the numbers has forced the Fed to turn up the hawkish rhetoric, and the market has responded by raising the expected terminal Fed funds rate while at the same time sending bond yields and the dollar higher, he...

The Russian foreign ministry on Friday thanked Chinese efforts but said that any settlement of the conflict needed to recognise Russia's control over four Ukrainian regions. Russia claims to have annexed the regions of Donetsk, Lugansk, Zaporizhzhia and Kherson but never fully controlled them. Ukrainian President Volodymyr Zelensky said his...

Putin was speaking on the sidelines of a patriotic concert in Moscow on Thursday on the eve of the first anniversary of the start of Russia's full-scale offensive in Ukraine.

A more than eight-year-long war between Saudi-backed government forces and pro-Iran Houthi rebels has devastated Yemen, the poorest country on the Arabian Peninsula. The war has caused hundreds of thousands of deaths both directly and indirectly, and pushed the nation to the brink of famine.

New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four and five economies and push for progress on an EU trade deal despite differences over Ukraine. "We want to further strengthen our bilateral relationship with India and our cooperation on...

Sales jumped 73 percent to 132.2 billion euros.

A senior US official said last week that the United States and its G7 allies planned to unveil "a big new package of sanctions" around the February 24 anniversary, including measures to crack down on the evasion of existing sanctions.

The UAE has maintained a neutral stance towards Russia's war in Ukraine, which is nearing its one-year anniversary. The Gulf nation has emerged as a top destination for rich Russian emigres fleeing the impact of Western sanctions.

US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which has had tumultuous ties with Washington. His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people but his trip had been planned before...

Washington, United States--The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged loan, which would also support the country's bid to join the European Union. Ukraine was seen to have "strong" performance under a four-month program with the International Monetary Fund, meeting...

Firm's profit rose due to gas and crude oil prices spike.

The company delivered 661 aircraft last year.