Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed, signaling the worst of red-hot price increases may be over. Inflation has eased for a sixth consecutive month alongside the Federal Reserve's aggressive campaign, fueling hope for reprieve from steeply...

A key indicator of US inflation edged down from a year ago in November, according to government data, in welcome news to households grappling with soaring costs while spending slowed. This extends a downward inflation trend in recent months, though it is unlikely to bring quick relief from an aggressive...

Americans called him heroic and compared the visit to that of Britain's premier Winston Churchill, who came to Washington in 1941 and addressed the Congress on wartime cooperation between the two allies -- as Zelensky did later Wednesday evening. Before he addressed the special joint session of Congress, Zelensky was...

WASHINGTON, UNITED STATES - US lawmakers early Tuesday released the text of a US$1.7 trillion funding bill which Congress hopes to pass within days to avert a government shutdown. The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine. It also includes...

Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said, as output for bigger-ticket consumer products and manufacturing fell. While tangled supply chains and surging costs which weighed on businesses are easing, in a boost to production, firms are now contending with weakening demand...

Several EU leaders including Macron have said the US subsidies are enticing European companies to relocate to the United States.

The initial publication -- which listed US companies including Airbnb, Expedia and TripAdvisor -- was denounced by the then administration of Donald Trump, which had reversed longstanding US opposition to settlements in the West Bank. Secretary of State Antony Blinken in a speech Sunday warned the incoming right-wing government of...

About $30 billion in agreements will be signed on Thursday, Saudi state media said, as China seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies.

The external debt of developing economies has more than doubled from a decade ago to US$9 trillion in 2021, the World Bank said. The pandemic has forced many countries to take on more borrowing and World Bank President David Malpass earlier warned that the world is facing a fifth wave...

EU chief Ursula von der Leyen said the bloc must act to address "distortions" created by Washington's $430-billion plan to spur climate-friendly technologies in the United States. The European Union must "take action to rebalance the playing field where the IRA (Inflation Reduction Act) or other measures create distortions", von...

Lawmakers in crisis-hit Lebanon failed to elect a new president for an eighth time, despite the deepening impact of the political deadlock on the country's economic woes. Lebanon has been without a head of state for a month after president Michel Aoun left office at the end of October with...

French President Emmanuel Macron repeated his frustration with US subsidies, saying they were hurting European companies by providing an unfair advantage to their American competitors. International trade has bubbled into a point of contention this week as Macron becomes the first foreign leader hosted by President Joe Biden during an...

The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations report said. The "State of Finance for Nature" report published by the UN Environment Program comes as delegates from nearly 200 countries prepare to meet in Montreal to hammer out...

US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security" - including gear from Chinese giants Huawei Technologies and ZTE. Both firms have been on a roster of companies listed as a threat by the Federal Communications Commission (FCC).

A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected, government data showed. Durable goods orders rose one percent to $277.4 billion last month, up from a revised 0.3 percent bump in September, the Commerce Department reported. Transportation equipment led...

The "categorical denial" has come after the Wall Street Journal reported on Monday that Saudi Arabia, which co-leads the OPEC+ group along with Russia, and other members were considering an "increase of up to 500,000 barrels a day". The next OPEC+ meeting is scheduled for December 4.

US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked. The data added traction to growing expectations the Federal Reserve will be able to dial back its...

Of the 120 lawmakers elected on November 1, 64 have endorsed Netanyahu to lead the next government, clearing the way for his promised comeback after just 14 months in opposition. The majority secured by Netanyahu's Likud and its allies was expected to usher in a stable government.

Mohammed bin Salman left Monday for the Group of 20 summit in Bali, Indonesia. The official Saudi Press Agency said the trip would include "a number of Asian countries", though officials have not yet confirmed details of the itinerary.

The UAE is a key player in the 13-nation OPEC oil cartel which, with its 10 allies headed by Russia, angered Washington by cutting production by two million barrels a day from November, adding renewed upward pressure on crude prices.

Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia.

US Secretary of State Anthony Blinken reaffirmed Washington's commitment to a two-state solution to the Israeli-Palestinian conflict in a phone call with Palestinian President Mahmoud Abbas, the State Department said. The move came as Israel's former prime minister Benjamin Netanyahu, who has not endorsed the two-state idea, is set to...

The Saudi ambassador to the United States, and a number of embassy staff were present on the occasion.

The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed. Economic issues have become a flashpoint in the United States, with decades-high inflation weighing on growth and squeezing households.

TEHRAN, IRAN - Iran on Saturday accused the United States of seeking to gain concessions in nuclear talks aimed at restoring the 2015 agreement, by supporting protests over Mahsa Amini's death. The Islamic republic has been rocked by demonstrations that flared over the death of the 22-year-old Amini on September...

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman on the sidelines of the G20 meetings in Washington.

The fund trimmed its world growth forecast to 2.7 percent in 2023, and its chief economist Pierre-Olivier Gourinchas cautioned that the next year would feel like a recession for many people. Throughout its meetings of financial chiefs this week, the crisis lender stressed that the priority was for central banks...

In a statement Sunday, Energean said that "following approval received from the Israeli Ministry of Energy to start certain testing procedures, the flow of gas from onshore to the FPSO has commenced", referring to the Karish floating production storage offloading facility.

As US annual inflation has soared to the fastest in 40 years, the Fed has moved aggressively this year to tamp down demand, raising the interest rates five times, for a total of three percentage points. "Inflation remains stubbornly and unacceptably high, and data over the past few months show...

Moscow---The Kremlin said Thursday that an OPEC+ decision to sharply cut production was designed to stabilize global oil markets, after Washington said the move was a concession to Moscow. "The decisions that were taken were aimed at stabilising oil markets," Kremlin spokesman Dmitry Peskov said. He said it was proof...

Iran's latest reply on a nuclear deal is a step "backwards," US Secretary of State Antony Blinken said Friday, insisting Washington would not rush to rejoin at any cost. European mediators last month appeared to make progress in restoring the 2015 accord as Iran largely agreed to a proposed final...

The sale comes a month after House Speaker Nancy Pelosi defiantly visited the self-governing democracy, prompting mainland China to launch a show of force that could be a trial run for a future invasion. The package -- the largest for Taiwan approved under President Joe Biden's administration -- includes $665...

The US Seventh Fleet said the pair of Ticonderoga-class guided-missile cruisers the USS Antietam and the USS Chancellorsville conducted the "routine" transit on Sunday "through waters where high seas freedoms of navigation and overflight apply in accordance with international law."

The American side has verbally accepted the two demands from Iran, said Hossein Amir-Abdollahian. "If our opinion is accepted, we are ready to conclude and announce the accord at a meeting of foreign ministers," he said.

Foreign Direct Investment into Oman increased by 19 percent in the first quarter of 2022, according to a report by the Washington Middle East Institute that praised the policies of Sultan Haitham bin Tarik in dealing with economic challenges facing the sultanate. There has been an increase in non-oil exports...

There is no more space for negotiations. We have a final text. So it's the moment for a decision: yes or no. And we expect all participants to take this decision very quickly, a foreign policy spokesman for the bloc, Peter Stano said. Iran has said it is studying the...

The USA has alleged Ebrahim Raisi was involved in mass execution of detained leftists in 1988 while he was chief prosecutor of the Tehran revolutionary court. However, Raisi has denied the allegations on two occasions -- in 2018 and 2020.

The Kingdom has for several years imported Russian oil, which helps to reduce its need to refine crude for products and cut the amount of oil it needs to burn for power, leaving it with more unrefined crude to sell in globally at higher prices. In 2021, it imported 1.05MT...

An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources of energy supply, says an expert at IRIS

High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating.

The meeting, attended by Crown Prince Al Hussein bin Abdullah II, discussed enhancing the strategic partnership between Jordan and the United States.

Iran's foreign minister said Sunday that Washington is "imposing new conditions" in the negotiations to restore the 2015 nuclear agreement.

The United States insisted Friday on keeping the elite Quds Force of Iran's Revolutionary Guards Corps on its designated list of terror groups, as Washington pushes on with negotiations to restore the 2015 Iran nuclear agreement.

Iran said Monday it will only return to Vienna in order to finalize an agreement to revive its landmark 2015 nuclear deal with world powers, with the last steps dependent on Washington. Tehran has been engaged in long-running negotiations in the Austrian capital to revive the deal, known formally as...

The US government, "by imposing new sanctions and preventing the entry of an Iranian singer, once again showed that... it is hostile to the people of Iran," said spokesperson of the Iranian government.

The package includes laser-guided rocket systems, drones, ammunition, night-vision devices, tactical secure communications systems, medical supplies and spare parts

Sources close to the negotiations in Vienna have said that one of Tehran's conditions was the removal of the largely symbolic designation, which equates the Revolutionary Guards with the Islamic State and Al-Qaeda.

US president will travel to Brussels to attend an EU summit to discuss Russia's invasion of Ukraine.

France warned Tuesday that further delays could stymie a revived nuclear agreement between world powers and Iran, with the West at loggerheads with Russia over its invasion of Ukraine, while Washington said it would cede nothing to Moscow. Russian Foreign Minister Sergei Lavrov has demanded written assurances from Washington that...