The US has canceled five cultural exchange programs with China because Beijing uses them as propaganda tools. "While other programs funded under the auspices of the Mutual Educational and Cultural Exchange Act (MECEA) are mutually beneficial, the five programs in question are fully funded...

Turkey's lira slipped on Friday after US lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer to punishing its NATO ally for buying Russian S-400 missile defences last year. The final version of the $740 billion annual US defence...

 Oil prices were steady on Wednesday as the market awaits a pact from producers on output and Britain became the first country to approve a COVID-19 vaccine for use, boosting hopes for a future recovery in oil demand. Prices were hit by a surprise build in oil inventories in the United...

The United Arab Emirates came out of OPEC heavyweight Saudi Arabia's shadow this week by demanding better adherence with oil supply cuts, effectively delaying the latest strategy decision by OPEC and its allies by a few days, sources told Reuters. The unusual move highlights the UAE's...