The fallout from the Russia-Ukraine conflict has just pushed two of the world's poorest countries into full-fledged crises, and the list of those at risk - and the line at the IMF's door - will only grow longer from here.   They may be far removed from the war in Ukraine, but the mass...

Saudi Arabia's state-owned oil and gas company raised May selling prices for oil to customers in Europe and the United States. The report notes that Saudi Aramco has set the official selling price of Arab Light oil for May for Europe at three dollars higher than in April, the premium to Brent grade...

Starbucks' founder, Howard Schultz, has stated that the company's share repurchase program, which began last year, will be suspended. Following Kevin Johnson's resignation, Mr. Schultz has been appointed as the company's interim CEO. Mr. Schultz announced the repurchase program's suspension right...

According to a new survey by U.S. cryptocurrency exchange Gemini, nearly half of all owners of cryptocurrency in the United States, Latin America, and Asia Pacific purchased the digital assets for the first time in 2021.   The survey, which polled nearly 30,000 people in 20 countries...

Climate change-related floods, fires, and droughts could eat into the US government budget by the end of the century, according to the White House, which released its first-ever study on Sunday.   President Joe Biden charged the Office of Management and Fiscal with assessing the budget...

On Thursday, European Union lawmakers are expected to support stronger safeguards for bitcoin and other cryptocurrency payments, the latest hint that regulators are tightening their grip on the free-wheeling industry.   Two European Parliament committees have hammered out cross-party...

EU antitrust investigators of the European Union are talking to  Microsoft's competitors and customers about the cloud business and licencing relationships of the American tech giant, a step that may lead to a formal probe and renewed scrutiny of the US software giant.   In...

Since the start of Russian invasion of Ukraine, experts have been raising concerns of shortage of essential food in many of the poorer countries.   In the wake of Western sanctions imposed on Russia over the Ukraine conflict, one of President Vladimir Putin's friends warned on Friday that...

According to a poll released on Friday by the American Chamber of Commerce in Shanghai, more than half of US multinational corporations in China have decreased their year sales estimates, owing mostly to the recent COVID-19 epidemic in Shanghai.   82 per cent of manufacturers reported slower...