Annual inflation in the U.S. in February reached 7.9%. This is the highest in the last 40 years - since January 1982. Annual inflation in the U.S. reached 7.9 percent in February 2022, according to data released Thursday by the nation's Labor Department. This is the highest since January 1982,...

The U.S. House of Representatives has approved a $1.5 trillion bill to fund the federal government through fiscal year 2022, including $13.6 billion in military and humanitarian aid to Ukraine. Following the vote, the document goes to the Senate for approval, after which it will go to U.S....

Hopes for lower energy costs have faded due to events in Ukraine, jeopardizing viability of many industrial operations, according to a joint statement from European industrial energy consumers, including cement, steel and metals associations. "European industrial energy consumers are calling for...

While prices of crude oil rose further on Wednesday, Asian equities sank as investors tried to work out the implications of the intensifying war in Ukraine and a new ban on Russian oil by the United States.   Since Russia's invasion of Ukraine on February 24, the price of a barrel of...

Those developing economies that are large net importers of oil such as China, Indonesia, South Africa, and Turkey will face a potential loss of 1 per cent in their gross domestic product for the current year because of continued high prices of oil driven by the Russian invasion of Ukraine, warned...

U.S. President Joe Biden warned that gasoline prices in the country will continue to rise due to anti-Russian sanctions. Biden told reporters that the price of gasoline had risen by 75 cents a gallon since the start of the Russian special operation in Ukraine. "With the current actions, it's...

The benchmark index Nikkei plunged more than 250 points after opening trade on the Tokyo Stock Exchange, falling below 25,000 points for the first time in 16 months on news of Ukraine, NHK television reported. The Nikkei index, which tracks the share price performance of Japan's 225 leading...

On Monday, gold reached its highest level in more than a year and a half, and palladium reached an all-time high because of them being perceived to be safe-haven assets, while nickel surged more than 20 per cent on concerns about supply interruptions caused by sanctions against Russia and...

The potential of a U.S. and European boycott on Russian exports, including oil and gas, as well as the delay of Iranian talks, pushed global crude oil prices to new highs on Monday. As the world markets confront a massive stagflation shock, these factors have caused oil prices to rise.   The...