Tens of thousands of Moscow residents have taken up car-sharing to combat soaring parking costs and a dwindling number of spaces.

Renault announces nearly 5-percent revenue loss after withdrawing from the Iranian market to prevent US penalties.

Russia has launched a civil case against Google, accusing it of failing to comply with a legal requirement to remove certain entries from its search results.

A new report on global security has portrayed Iran as safe as much of western Europe for travelers. 

UK government has come under pressure over its budget plans after weak economic growth in June.

East Timor's opposition coalition is set to take power, as it squeaked across the line with an absolute majority, preliminary election results show.

Venezuelans have headed to the polls in regional elections seen as a crucial test for President Nicolas Maduro and the opposition alike after months of deadly street protests failed to unseat him.

The IMF warns that oil exporting states in the Middle East will face losses of more than $500 billion in 2016.

Daesh is running into financial problems as airstrikes disrupt its oil revenues.

Transocean offshore platforms operator cuts dividends as company’s revenue falls on oil price slump.