Major Western measures to limit Russia’s oil profits over the war in Ukraine have taken effect.
The OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
Ukraine has won victories on the battlefield against Russia but faces a looming challenge on the economic front.
The European Union has reached a deal on a price cap on Russian oil, a key step toward starving Russia of money for its war...
Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs.
The head of the International Monetary Fund says it’s time for China to move away from mass lockdowns under its “zero-COVID” approach.
The U.S., Europe and the Group of 7 democracies have agreed to put a price cap on Russian oil exports to other countries.
Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year...
The president of the European Central Bank is warning the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that...
It's looking more like a recession is coming in Europe.