Iranian diplomat's son Sasha Sobhani gifted his girlfriend a luxury Audemars Piguet watch on a yacht in Monaco. The extravagant display spa...

Artificial intelligence presents a major challenge to established software firms. This mirrors the past disruption caused by online retail....

India today is a more than four-trillion-dollar economy with stronger external reserves, wider energy relationships, greater diplomatic rea...

A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, accor...

The recent US-China summit saw improved engagement but little progress on global economic challenges. China's trade practices continue to i...

Brent crude has surged to $125 per barrel due to escalating West Asia conflict and severe disruption at the Strait of Hormuz, a key global ...

Iran's economy, known as the 'resistance economy', is facing severe impacts from the ongoing US-Israel war. Economic pressures are mounting...

Iran's actions in the Strait of Hormuz have revealed a key vulnerability for President Trump. The conflict has led to rising energy costs a...

Will US naval blockade on Iranian ports successful in ending already-fragile ceasefire? The United States has launched a naval blockade tar...

After the US raid that deposed Nicolas Maduro as Venezuela's leader, citizens hope the ensuing talks on selling its oil to the United State...

Venezuela faces economic turmoil as its currency crashes. President Nicolas Maduro's government is arresting economists and shutting down w...

The deceleration in prices follows government measures which include the restriction of credit and lower spending in bolivars to maintain t...

This is the third time Venezuela's socialist leaders have lopped zeros off the currency. The bolivar lost three zeros in 2008 under the lat...

Venezuela's economy has steadily deteriorated since the crash of oil prices in 2014 left it unable to sustain a socialist system of subsidi...

Venezuelan annual inflation climbed to 32.2 per cent in June in metropolitan Caracas as price controls on food prices were eased.

Mirina Kakalanos has been forced to double prices at her family's shoe store in the last year. Customers turn away after browsing the pumps...

Boom times are waning in oil-rich Venezuela, even as world crude prices soar. Inflation is nearing 30 per cent, the highest in Latin Americ...