Oil slipped on Monday in volatile trading as the release of strategic reserves by consuming nations eased concerns over tight supply amid Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal.

Turkey’s inflation hit a new record in March, official data showed Monday, driven up by the fallout from Russia’s invasion of Ukraine and soaring energy prices.

Bangladesh has an attractive economic sector for investment, US Ambassador Peter Haas said yesterday.

China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-US cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes.

The head of Latvia’s natural gas storage operator said Saturday the Baltic states were no longer importing Russian natural gas.

The US labour market has almost recovered from the mass joblessness caused by the pandemic, adding hundreds of thousands of positions last month and sending the unemployment rate nearly to where it was before Covid-19 broke out nationwide.

Sri Lankan High Commissioner to Bangladesh Sudharshan Seneviratne has sought investment from Bangladesh in tourism and agriculture sectors of the nation, which is now going through an economic turmoil.

India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.

Citing the need to counteract the  “Putin price hike” following Russia’s invasion of Ukraine, President Biden has announced a sweeping plan to make unprecedented use of US emergency oil stockpiles.

Indian traders have started loading 40,000 tonnes of rice for prompt shipment to Sri Lanka in the first major food aid since Colombo secured a credit line from New Delhi, two officials told Reuters on Saturday.

Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges “unfriendly” unless they pay in roubles.

Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia’s invasion of Ukraine, the oil ministry said.

Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates.

Weeks after returning from Russia amid sanctions triggered by Moscow’s invasion of Ukraine, Emomali Safarov has swapped construction tools for a video camera and his old low-paid journalism job in Tajikistan’s capital Dushanbe.

Diesel was no longer on sale across Sri Lanka on Thursday, crippling transport as the crisis-hit country’s 22 million people endure record-long power blackouts.

The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices.

Oil prices clawed back heavy losses to rise more than 2 per cent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv.

India has cut coal supplies to the non-power sector and put on hold plans for some fuel auctions for utilities without supply deals due to a slump in inventories, even as the country battles a seasonal jump in demand for electricity.

The German government’s economic advisers slashed their growth forecast for 2022 on Wednesday, warning that the war in Ukraine and soaring energy prices would take a toll on Europe’s biggest economy.

Russia’s top lawmaker warned the European Union on Wednesday that if it wanted Russian natural gas then it would have to pay in roubles, and cautioned that oil, grain, metals, fertiliser, coal and timber exports could also soon be priced the same way.