IMF warns 'worst is yet to come' for global economy as recession risks rise
The global economy is headed for "stormy waters," the International Monetary Fund warned in its latest Global Economic Outlook, amid growing threats of a deep, worldwide recession.
Nissan pulls out of Russia, sells all assets to state for 1 Euro
Nissan sold all of its assets in Russia to the state for 1 Euro on Tuesday. The company is only the latest to flee amid increasingly severe sanctions in Russia.
EU leaders struggle to bridge gas price cap divide
European Union leaders are struggling to find common ground over capping prices for natural gas as European nations are feeling the heat due to sanctions imposed against Russia.
UK warns of three-hour winter blackouts if gas supplies fall short
The U.K. national power operator has warned that citizens should brace for up to three-hour energy blackouts this winter in the 'unlikely' event gas supplies dwindle.
Europe's gas crisis set to deepen after winter drains reserves
Europe gears up for a long winter after feeling the bite of sanctions imposed against Russia due to Russia's unlawful invasion of Ukraine back in February.
Gen. Jack Keane: US 'investment' in Ukraine denied Putin his ambitions, kept America's future secure
Senior strategic analyst Gen. Jack Keane addressed concerns over the U.S. spending $66 billion to fund Ukraine's war against Russia in the aftermath of Hurricane Ian.
Ukraine enraged by Elon Musk's poll tweet on the Russian invasion: 'f--- off'
Ukrainians piled on Elon Musk Monday after the Tesla CEO sent out a poll tweet arguing that Ukrainians ought to give up some of its territory to Russia to obtain peace.
US sanctions Russia over Ukraine annexations, which Biden says have 'no legitimacy'
President Biden responded to Russia annexing four Ukrainian territories by announcing new sanctions on Russian entities and individuals.
US imposes new sanctions on Iran oil exports, targets Chinese firms
In an effort to get Iran to rejoin the 2015 Nuclear deal the US has imposed sanctions on companies involved with Iran's oil production including some from China.
Putin's economy to take a hit following mobilization order, acceleration of 'brain drain': UK intel
U.K. defense officials say Russia's economy could take a hit as hundreds of thousands of Russian fighting age men flee President Vladimir Putin's conscription order.
Blaming Moscow for Nord Stream sabotage is 'stupid and absurd,' Moscow says
Moscow derided accusations that it had sabotaged the Nord Stream pipelines Wednesday. Moscow argues it makes huge profits from the pipelines and would never destroy them.
Europeans increasingly burning trees for energy after green policies, Russian war, leave countries hobbled
European nations' consumption of biomass energy such as wood is increasing amid an energy crisis sparked by Russia's invasion of Ukraine and the bloc's push for green energy.
Meta disables Russian propaganda network targeting Europe
The Kremlin has spread disinformation through social media prompting Meta to launch an investigation.
Dan Crenshaw: Putin is threatening nukes because Russia is 'desperate,' a 'shell of its former self'
Texas Republican Dan Crenshaw says the military aid that the U.S. supplied to Ukraine has worked and helped match the artillery range of Russian forces
Underlying energy market conditions could signal pain for consumers this winter and beyond
Energy economists told FOX Business that consumers should expect higher home heating prices this winter and in future years due to the global energy crisis and green policies.
Elon Musk says Starlink will seek exemptions to sanctions on Iran
Starlink will seek exemptions from sanctions on Iran so that the internet service can be provided to the country, SpaceX CEO Elon Musk said on Monday.
China, Russia formed the 'new axis' to steer US into a new Cold War, expert warns
Gatestone Institute senior fellow Gordon Chang warned China and Russia are working with Iran and North Korea to usher in a new Cold War against the US.
Russia blames Western sanctions for pipeline shutdown, while Ukraine accuses the Kremlin of energy 'blackmail'
Russia claimed Monday that Western sanctions have prevented Gazprom from doing necessary maintenance on Nord Stream 1, which carries natural gas to Germany.
French President Macron pleads for 10% reduction in energy usage
French President Emmanuel Macron asked the country to reduce its energy usage by 10% in the coming weeks and months in order to limit issues in the midst of winter.
Euro slides below 99 cents, lowest in two decades, after Russia shuts off gas
The euro dropped to the lowest level in two decades on Monday after Russia abandoned a deadline to resume supply of natural gas to Germany through a key pipeline.