Air France is cutting its Joon subsidiary's service between Paris and Tehran to the summer season only, blaming a poor economic performance over two years in operation. "Air France has decided to adapt its programme to better match demand," a spokeswoman said by email, adding that the...

WASHINGTON (AP) — The White House said Monday it would postpone a decision on imposing tariffs on U.S. imports of steel and aluminum from the European Union, Canada and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the U.S. prepares for tense trade talks in China...

State run Saudi Aramco, the world's top oil company, said Sunday it has appointed five new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives. The appointments come as the Saudi government plans to...

 Iraq has awarded Iraqi-owned United Arab Emirates-based Crescent Petroleum three exploration blocks in an oil and gas exploration and development contract auction Thursday and China's Geo-Jade won two. United Energy Group, also based in China, won one contract and a total of five...

Japan's Economy Minister Toshimitsu Motegi said on Tuesday that bilateral talks on trade under a new framework led by him and U.S. Trade Representative Robert Lighthizer won't begin until mid-June at the earliest. In a summit last week, Japanese Prime Minister Shinzo Abe and U.S....

 Iraq has extended the deadline for foreign companies and investors to bid for the construction and operation of a new 100,000 barrel per day (bpd) refinery near Mosul in the northern province of Nineveh, the oil ministry said on Sunday. Bidding documents provide for two investment...

U.S. President Donald Trump on Friday criticized OPEC for output reductions that have helped raise oil prices and said the action would not be tolerated, as oil prices appeared set for a second consecutive week of gains. "Looks like OPEC is at it again. With record amounts of Oil all...

 German police have detained a Porsche manager in a probe into the diesel emissions cheating scandal hanging over the luxury car brand's parent company Volkswagen. Porsche chief Oliver "Blume informed the workforce that the prosecutor of Stuttgart has taken a manager into custody",...

China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other trading partners. The change would scrap rules that require global...

Most Asian markets fell on Monday after a U.S.-led strike on Syrian targets fueled fresh concerns over the tinderbox Middle East, though analysts said investors were hopeful the crisis would not escalate. The U.S., Britain and France carried out attacks at the weekend on alleged...

The Russian ruble and shares in some of Russia's biggest companies slid lower Monday, dragged down by the threat of new U.S. sanctions and lower oil prices. Volatility on the Russian market has soared since Washington imposed fresh sanctions against Moscow on April 6, targeting major...

Having shunned the French media for most of his presidency, President Emmanuel Macron is to sit for two prime-time interviews this week starting Thursday as he battles strikes at home and faces his biggest test abroad in Syria. The 40-year-old leader will appear for a one-hour interview...

MOSCOW (AP) — The Russian ruble has again fallen sharply as last week's U.S. sanctions continue to bite and President Donald Trump threatened a missile strike on Syria. The dollar traded above 64 rubles on the Moscow exchange Wednesday morning for the first time since 2016, a 2 percent...

NEW YORK (AP) — Stocks jumped Tuesday after Chinese President Xi Jinping said Beijing would reduce tariffs on imported cars and improve intellectual property protection, steps that could ease trade tensions.  Facebook climbed as CEO Mark Zuckerberg testified before the Senate about...

Saudi Arabia and France signed 20 economic deals worth more than $18 billion, Al Arabiya TV said Tuesday as Saudi Crown Prince Mohammad bin Salman visits Paris, without specifying whether they were full contracts or memorandums of understanding. State oil giant Saudi Aramco earlier...

BERLIN (Reuters) - Blockchain technology has the potential to shake up the travel industry by giving airlines and hotels a way to bypass controlling intermediaries like Expedia (EXPE.O) or Amadeus (AMA.MC) and gain better access to customer data. Major players including Lufthansa...

Egypt's official statistics agency says the inflation rate dropped to 13.3 percent in March, the month of the country's presidential election, from 14.4 percent in February. The drop continues a decline since inflation peaked last summer, hovering around 30 percent after the government cut...

Paris (AFP) - International donors pledged $11 billion in low-interest loans and aid for Lebanon at a conference in Paris on Friday to try to avert an economic crisis in a country hard hit by the fallout from the Syrian war. Lebanon's growth has plummeted due to political instability,...

The eighth round of North American Free Trade Agreement (NAFTA) negotiations have been suspended and high-level ministerial representatives will meet instead to push for a deal, it was announced Thursday. Canadian Foreign Minister Chrystia Freeland left for Washington earlier in the day...

Libya's National Oil Corporation (NOC) said Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of its offices in the eastern city of Benghazi. There have been plans for years to move the state oil firm's headquarters from the...