The U.S. trade deficit surged to a record high in March, confirming that trade weighed on the economy in the first quarter and could remain a drag for a while as businesses replenish inventories with imported goods.
Pope Francis said Tuesday he wants to meet Russian President Vladimir Putin to help end Europe’s worst conflict since World War Two. “I am not going to [Ukraine’s capital] Kyiv for now. I feel that I must not go,” the leader of the Catholic Church told Italy’s daily newspaper Corriere della Sera.
Russia has warned the West against arming Ukraine, saying it could threaten European security. The comments came as the United Nations chief visited the Ukrainian capital Kyiv where he expressed shock about the impact of the ongoing Russian invasion of Ukraine.
Sri Lanka has urged its citizens overseas to send home money after announcing a default on its $51 billion foreign debt amid anti-government protests.
The U.S. Navy said Wednesday it will begin a new task force with allied countries to patrol the Red Sea after a series of attacks attributed to Yemen‘s Houthi rebels in a waterway that’s essential to global trade.
The United States and Iran blamed each other Monday for a weeks-long impasse that has held up a return to the 2015 deal that sought to prevent Tehran from developing nuclear weapons.
Economy and Industry Minister Maj.-Gen. (Ret.) Orna Barbivay and the United Arab Emirates (UAE) Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi announced the conclusion of negotiations on a comprehensive bilateral free trade agreement.
The government of India is expected to announce an agreement with its counterparts in Russia that will allow the countries to continue trading with one another while circumventing Western sanctions on Russia.
Singapore announced Monday it plans to open an official embassy in Israel for the first since the two nations established diplomatic relations in 1965, i24 News reports. While Israel opened an embassy in Singapore in 1968, the Singaporeans set up an honorary consulate in Tel Aviv instead.
The International Monetary Fund (IMF) has warned that the war in Ukraine will undermine the global economy as it leads to record prices of food and energy and surging inflation.
With much of his nation facing an expanding Russian invasion, war-time Ukrainian President Volodymyr Zelensky appealed to the U.S. Congress for help in a history-making speech.
Russia’s Foreign Minister Sergey Lavrov said Tuesday that Moscow had received guarantees from the US on its ability to trade with Tehran as part of ongoing talks to salvage the Iran nuclear deal.
Fearing a world war, U.S. President Joe Biden said Friday his country would not intervene militarily against Russia in Ukraine, as Russian forces stepped up their bombardment across Ukraine.
The U.S. trade deficit continued to grow in January as the import-export gap widened to a record high, The Wall Street Journal reported.
The White House on Monday pushed back on concerns about the Biden administration’s willingness to cut deals with countries like Saudi Arabia, Iran and Venezuela as it looks for ways to blunt skyrocketing fuel prices in the United States.
After Visa and Mastercard announced that their operations in Russia would be suspended, many Russian banks announced on Sunday that they would soon begin issuing cards using the Chinese UnionPay card operator’s system combined with Russia’s own Mir network. Sberbank, Russia’s largest bank, as well as Alfa Bank and Tinkoff, all announced the transfer to UnionPay on Sunday.
U.S. crude oil surged more than 8% in early trading on Sunday evening as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas.
High-ranking whistleblowers warn that the United States is to finalize an earth-shattering deal with Iran that will fuel the Islamic state’s race to build a nuclear weapon and finance terrorism.
Wheat prices have soared past $10 per barrel, the highest price since 2008 for the staple grain, as a result of Russia’s invasion of Ukraine.
U.S. President Joe Biden announced new economic sanctions against Russia Tuesday after Russian President Vladimir Putin moved troops into two pro-Moscow separatist areas of eastern Ukraine.