Oil prices increased on Thursday to the highest level in almost a month, after rising 5% in the previous session.
Russia says its activities in the Arctic do not pose a threat to any country, and that the United States military is escalating tensions in the resource-rich region by conducting provocations.
A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.
A senior Russia lawmaker says his country is gradually reducing the role of the US dollar in financial transactions with allies and commercial partners, a long-pursued measure aimed at using currencies other than the greenback to offset the impacts of American sanctions.
A group of 16 countries, including Iran, Russia and China, are pushing to create a coalition at the United Nations to counter the use or threat of force and unilateral sanctions by the West.
Reports coming out of Saudi Arabia say Riyadh’s forces have attacked a group of protesters who were out on the streets of the city of Buraidah in Qassim Region to denounce the regime’s economic policies.
A year after officially leaving the European Union (EU), the UK is set to apply to join a free trade area with Asia and Pacific nations on Monday (February 01), with negotiations expected in the spring.
Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger US dollar weighed on prices.
President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence mounts that the recovery from the sharp downturn caused by COVID-19 is flagging.
The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.