Austria said Thursday that it will sue European aerospace giant Airbus over a $2 billion sale of Eurofighter jets that has long been plagued by allegations of kickbacks, AFP reported. A government…

Hungary?s state debt, calculated according to Maastricht rules, stood at 73.9% of GDP at the end of December, down from 74.3% of GDP at the end of September, the National Bank of Hungary said on…

Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on US President Donald Trump’…

Emerging oil and gas producer Ghana could see its economy improve, though certain sectors are expected to face challenges, Moody’s Investors Service found.

Moody’s said it expected the…

Former Federal Reserve Chairman Alan Greenspan reportedly warns that Donald Trump's economic policies risk plunging America into a period of 1970s-style stagflation with low growth and "out of…

It is easy to be downcast about the state of global trade. It has faced stiff headwinds in recent years: in 2016, for the first time in 15 years, it grew more slowly than the world economy.…

Eurozone countries look set to miss a self-imposed deadline next Monday to agree on aid measures for Greece, which risks running out of money in July. 

Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with the prospect of rising borrowing costs rippling from the United…

Norway’s central bank governor sharpened his warning on rising spending of oil revenue as he drew up scenarios for a 50% loss of capital over the next 10 years for the world’s biggest sovereign…

Debt held by private individuals in the US is approaching its 2008 peak, but there’s a much healthier picture now. The proportion made up by mortgages is significantly lower—as is delinquency.

European Commission President Jean-Claude Juncker has warned the UK it cannot negotiate bilateral trade deals in the period before it leaves the EU. London, meanwhile, is eyeing up China with talk…

The axe has finally fallen on South Korea’s once mighty Hanjin Shipping, with a court in Seoul declaring it bankrupt. The firm was once the seventh-largest of its kind globally, but suffered from…

Malaysia’s economy grew 4.5% in the fourth quarter from a year earlier, ending a year of tepid growth on a stronger note, helped by solid exports and resilient domestic demand, Reuters reported.…

Optimizing energy use could unlock between $900 billion and $1.6 trillion in savings globally in 2035, according to a new report by the McKinsey Global Institute.

Oil traders for the last two weeks have shrugged off reports that US stockpiles are brimming at their largest levels ever recorded, as the market continues to bet that crude prices will climb…

The biggest oil producers in the Middle East are helping crude from Western Siberia go where it has rarely gone before.

Tehran will hold tender for more than a dozen oil and gas exploration blocks in summer, Saleh Hendi, the head of exploration department at the National Iranian Oil Company, said.

"After…

In line with policies to develop petrochemical projects, negotiations are underway with France's Axens to provide Kian Petrochemical Company (KPC) with technical expertise to produce high value…

Belarus has made its first purchase of Iranian crude oil after the lifting of international sanctions against Tehran last year, media reported on Friday, as Minsk is making efforts to reduce its…

Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement on Friday. The nation's tanker fleet…

US President Donald Trump's administration has floated the idea of forming an Israel-friendly anti-Iran Arab alliance on the basis of the Saudi-led coalition intervening in Yemen, US media…

Kuwait's emir stressed the need for greater coordination among regional countries to combat the widespread chaos in West Asia, echoing Iran's call for better ties among Muslim nations, including…

US Secretary of State Rex Tillerson said on Thursday he did not suggest to French Foreign Minister Jean-Marc Ayrault that Washington planned to scrap the Iranian nuclear agreement.

After a visit by President Hassan Rouhani to Oman and Kuwait, Iran said it shares the determination of the two Persian Gulf Arab countries to boost friendly ties.

Head of Iran’s diplomatic team in the latest round of negotiations between the Syrian government and opposition groups in the Kazakh city of Astana reaffirmed Tehran’s commitment to helping end…