The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent rise in crude prices. The source confirmed a report by a Washington Post...

U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West. The CIA accused Huawei of receiving funding from China’s National Security...

Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday. The US e-commerce pioneer will maintain other operations in China such as Amazon Web...

Apple Inc was accused in a new lawsuit of securities fraud for concealing a slump in demand for iPhones, particularly in China, leading to a $74 billion one-day slide in its market value once the truth became known. The complaint filed on Tuesday seeks damages for investors who bought Apple...

European car sales fell 3.9 percent in March compared to the same month last year, marking the seventh-straight monthly drop, an industry body said Wednesday. "Demand decreased in all major EU markets," the European Automobile Manufacturers Association said, with the biggest falls in Italy,...

Italy's competition authority said Tuesday it had opened an investigation into Amazon for possible abuse of its dominant position in online commerce and logistics. The authority said it suspected that the retail giant had been giving preferential exposure to third-party vendors on its...

Asian markets rose Tuesday after a slow start to the day, as investors brushed off a weak lead from Wall Street while looking ahead for the release of Chinese growth data. With few catalysts to drive business regional equities at first struggled for traction but picked up as the day wore...

Syria adopted new measures Sunday to curb fuel shortages Bashar Assad's regime has blamed on strangling Western sanctions on the war-torn country. Syrian authorities are seeking to "regulate the distribution at petrol stations" and to ensure even deliveries across to country while...

In the US oil heartland on Wednesday, President Donald Trump announced the signing of two executive orders to accelerate the construction of oil and gas pipelines, dismaying environmentalists. The latest measures are in line with others his administration has taken to ease regulation of the...

Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased. International benchmark Brent futures were at $70.92 per barrel at 0900 GMT, up...

President Hassan Rouhani called on Saturday for Iran and neighboring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by U.S. sanctions against Tehran. “The plans to export electricity and gas and...

Algerians need look no further than Egypt for a glimpse of how difficult any transition could be if they put off painful economic measures. In the four years after the 2011 ouster of President Hosni Mubarak, Egypt halved its foreign reserves while economic growth all but ground to a halt;...

Amazon founder Jeff Bezos and his wife, MacKenzie, finalized the biggest divorce settlement in history on Thursday, leaving him with 75 percent of their stock in the tech giant and giving her nearly $36 billion in shares. MacKenzie Bezos said she would give all of her stake in The...

Former Nissan boss Carlos Ghosn will remain in custody until at least April 14, a Japanese court ruled on Friday, as prosecutors quiz him over fresh allegations of financial misconduct. The Tokyo District Court said in a statement it had accepted a request from prosecutors to detain the...

US Secretary of State Mike Pompeo on Thursday warned France to drop plans for a tax on digital giants such as Facebook and Apple, saying it would hurt American business. The top US diplomat raised his objections as he met French Foreign Minister Jean-Yves Le Drian in Washington during 70th...

Germany's industrial firms flourished in a world that couldn't get enough of their cars and machine tools, but a global trade slowdown combined with sluggish product upgrades and delays in modernising Europe's top economy are now taking their toll. Thursday saw federal statistics authority...

U.S. senators from both parties on Tuesday asked Energy Secretary Rick Perry for details about recent approvals for companies to share nuclear energy information with Saudi Arabia, with the lawmakers expressing concern about possible development of atomic weapons. Saudi Arabia has engaged...

U.S. senators from both parties Tuesday asked Energy Secretary Rick Perry for details about recent approvals for companies to share nuclear energy information with Saudi Arabia, with the lawmakers expressing concern about possible development of atomic weapons. Saudi Arabia has engaged in...

Global oil prices reached their highest levels of 2019 on Tuesday, fueled by shortages from Venezuela, Iran and OPEC+ as well as drops in U.S. shale production. International benchmark Brent crude increased to $69.76 on Tuesday, while American benchmark West Texas Intermediate (WTI) saw...

New Zealand Prime Minister Jacinda Ardern on Monday played up her country's "important" ties with China despite tensions stemming from security concerns over Chinese telecom giant Huawei. Ardern made the remarks as she met with Premier Li Keqiang at Beijing's Great Hall of the People on her...