After pledging to do “whatever is necessary,” to prop up lagging oil prices, Saudi Arabia has announced it will cut oil production by one million barrels per day (bpd) unilaterally.…

On Sunday, private drug developer Servier Group announced that its experimental brain cancer drug has been shown to considerably slow the progression of a type of brain tumor. It was…

In a statement, the Russian agricultural minister has said that his nation has reoriented its exports of agricultural products, diverting them to nations which have not supported Western sanctions against…

Deutsche Bank has issued a warning, predicting that this year will see a cycle of booming economic activity turning to a bust, possibly set off by an imminent wave of…

A new report in the Wall Street Journal predicts that the percentage of the US federal budget devoted to defense spending may fall below 3% for the first time since…

According to a Financial Times report on Sunday, amid complexities with regard to its takeover of Credit Suisse, UBS is considering delaying its quarterly financial report until at least the…

In its efforts to further reduce its reliance on Russian energy products, the EU has continued to increase its imports of liquified natural gas (LNG). However amid all its efforts,…

For the second month in a row, the yearly inflation reading for the Netherlands rose, reaching 6.1% for May, according to preliminary data from Statistics Netherlands (CBS) which were released…

Earlier this week Bloomberg reported that India has reclaimed its spot as the fifth largest stock market in the world, based upon calculations using trading data. The report noted that…

On Friday, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah noted that in 2022, there was over $160 billion in bilateral trade between Saudi Arabia and BRICS member states,…