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Turkish lira drops to record low over US sanction threat

The Turkish currency slid further Monday to an all-time low against the U.S. dollar after President Recep Tayyip Erdogan challenged the United States to slap sanctions over his government’s decision to test its Russian-made air defense system. The lira dropped another 1.3% to 8.06 against...

Russia strikes kill 56 Turkey-backed rebels in Syria: monitor

Air strikes by Syrian regime ally Russia killed 56 fighters from a Turkey-backed rebel group in northwest Syria on Monday, a Britain-based war monitor said. Russian warplanes also wounded 100 people when they targeted a training camp of the Faylaq al-Sham faction in the Jabal Duwayli area...

Chevron bets on Middle East gas riches and reconciliation

After years of focusing on U.S. shale, Chevron Corp is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily. CEO Michael Wirth's pivot away from home is underpinned by a bet that the Middle East is entering an era of...