BUDAPEST, Hungary (AP) — European Union efforts to impose an embargo on Russian oil faced more roadblocks Wednesday as Hungarian officials said they would not back the plan in its current form and recommended removing the topic from the agenda of an EU leaders' summit next week. The EU has...

The United States on Thursday authorized some foreign investment in areas of northern Syria that are outside government control, in what it said was a strategy designed to defeat Islamic State through economic stabilization. The U.S. Treasury Department approved activities in 12 sectors...

CAIRO (AP) — Egypt’s annual inflation rate continues to surge amid Russia’s ongoing war in Ukraine that has shaken the global economy, the country’s statistics bureau announced Tuesday. The inflation rate was up 2.8%, reaching around 14.9% in April, up from 12.1% in March, the...

BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc's 27 member nations. The president of the EU's executive commission, Ursula von der...