Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) have met and discussed ways to ditch the dollar and euro in their financial transactions and move to settlements in local currencies.
Syria has strongly denounced as “theatrical” an international conference in Brussels to purportedly raise funds for the victims of last month's devastating earthquake, stating that the United States and its Western allies would rather lift sanctions on the crisis-hit West Asian country than to organize such sham events.
The head of the religious council of Hezbollah resistance movement has censured the illegal sanctions imposed by the United States on Lebanon, stating that the coercive measure are primarily responsible for the financial meltdown and political stalemate in the West Asian country.
Police in Paris have tear-gassed protesters and arrested hundreds of them after they took the streets and gathered at Place de la Concorde to voice their anger against President Emmanuel Macron’s decision to implement pension reforms without a vote in the lower house of parliament.
Inflation in the United Kingdom's grocery market has soared to a record high, hitting prices for milk and eggs the hardest this month.
US consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest rates through summer.
Iran is planning to ship another 2,000 cars to Venezuela, an Iranian trade official says, in a further sign of a burgeoning relationship that appears to be developing beyond energy.
A large percentage of people in Spain are turning to food aid as soaring inflation across the country has pushed food prices to a record high.
Japan's inflation surged by 3.6 percent in October from the previous year, marking a 40-year high, amid weakening yen and soaring energy prices, the government said in a report on Friday.
As recession bites, British Prime Minister Rishi Sunak and his Finance Minister Jeremy Hunt have unveiled an austerity budget: a massive package of $65 billion of tax hikes and spending cuts.