Much of the EU's electricity is generated using gas, as less of it arrives from Russia; EU nations have agreed to reduce gas consumption by 15% until spring.

European Union (EU) members have agreed to reduce gas consumption as a European energy crisis deepens with Russia's latest decision to tighten the squeeze on the flow of gas to the continent.

Iran’s foreign ministry spokesman says an agreement on the revival of the 2015 Iran nuclear deal hinges on the US making a political decision.

The US says it will send four additional high mobility artillery rocket systems (HIMARS) to Ukraine.

The European Union (EU) will amend some of its tough sanctions on Russia by allowing the unfreezing of some of the country's funds to boost food trade, amid an unfolding global food crisis, according to a draft document.

A top Russian diplomat says the European Union (EU) is committing "political suicide" by blindly following in the footsteps of the United States.

Inflation has surged to a new four-decade high in the United States last month.

The euro and the US dollar are worth the same for the first time in two decades, as the official currency of most of the European Union (EU) members has sunk to a record law, amid the war in Ukraine.

The United States blames Russia for the economic crisis in Sri Lanka.

As war in Ukraine continues to take its toll on European economies, causing record inflation and an energy crisis, economists say the risks of Europe backsliding into recession are growing after a big jump in gas prices.