ECONOMY & MARKETS

After President Vladimir Putin sent troops to Ukraine in February 2022, Western countries hit Russia with a slew of sanctions including a European Union embargo on its seaborne oil deliveries.

Cecilia Rojas has scoured shops across greater Buenos Aires to find an affordable gift for her children this Christmas, which is set to be a gloomy affair as the country grapples with its worst economic crisis in decades.

The US's leading fusion laboratory is ahead of schedule. How soon until utility-scale nuclear fusion becomes a reality?

New solar installations have accelerated the transition away from natural gas and coal in two of Europe's leading economies.

Lower interest rates ease the cost of financing home purchases. As a result, it could help revitalize the market for existing homes, as homeowners will be looking for opportunities to move to bigger or smaller homes, depending on their family needs.

One of the drivers for last week's gains was comments from Federal Reserve Chairman Jerome Powell signaling the end of the current monetary cycle tightening and the preparation for pivot — interest rate cuts.

US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying that this can discourage investors.

Warren Buffett's conglomerate increased its ownership of Occidental this week, signaling approval of the Houston-based oil company's purchase of CrownRock.

US consumers kicked off a strong start to the holiday shopping season, according to the latest data from the Commerce Department, giving retail sales a boost despite negative expectations.

Record domestic oil output is driving down gas prices.

Today, the Greek economy has rebounded to a new normal, contributing to the European stability. The country is witnessing healthy Gross Domestic Product (GDP) growth, while the Debt to GDP ratio is declining.

The US Federal Reserve began a two-day interest rate meeting Tuesday at which policymakers are widely expected to hold rates steady for a third straight meeting as they continue the fight against high inflation.

Heat pump installations are rising rapidly across the globe. There's still work to be done, experts say.

CME's FedWatch Tool points to a 98.4% probability of FOMC setting the FFR target at the current range this week, down from 97.1% a week ago and 90.9% a month ago.

One of the catalysts for last week's gains was Friday's November labor market report. It showed that the U.S. economy continued to churn new jobs at a moderate pace in line with Wall Street's expectations.

Home affordability in America dropped to a record low in 2023, according to a report from the real estate brokerage firm Redfin released Thursday.

Many organizations and municipalities are coping by purchasing cyber liability insurance, which offers coverage for things like data recovery and legal fees.

Thanks to boosted investment in renewables, coal has proven a far easier energy source to quit than oil and gas -- with a few exceptions -- in major economies.

The Netherlands-based bank has a net zero target date—2050—with a lowered emissions goal set for 2030.

ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.

Currently, only 9% of the Indian semiconductor component consumption is met locally, according to global technology market research firm Counterpoint Research.

Germany's strict constitutional debt rule faces an overhaul after a shock court ruling blew a hole in the budget and left the government scrambling to make its sums add up.

The CEOs of eight top banks visited Capitol Hill on Wednesday to testify against Basel III Endgame, the final stages of regulations in the works for 15 years.

As the use of artificial intelligence (AI) becomes more widespread, the Bank of England's financial policy committee has grown increasingly concerned about the systemic threats posed by the broader adoption of AI.

Wall Street expects the U.S. economy to have created somewhere between 160,000 and 185,000 jobs in November, based on two forecasts published by Trading Economics.

Job openings declined in October, to 8.7 million from 9.35 million in September, the Bureau of Labor Statistics (BLS) reported Tuesday.

Argentina's President-elect is expected to withdraw Argentina from a planned expansion of the non-western economic alliance.

US climate envoy John Kerry unveiled the world's first international strategy for commercializing nuclear fusion power, notably excluding China.

Ratings agency Moody's on Tuesday downgraded the outlook on China's credit rating to "negative" from "stable" on the back of rising debt in the world's second-largest economy, with Beijing saying it was "disappointed" by the move.