Libya granted several foreign companies new oil exploration and production licenses for the first time in 17 years on Wednesday, after more than a decade of political instability.
The hydrocarbon-rich country is seeking to draw major global energy companies back, while boosting daily oil production by 850,000 barrels over the next 25 years.
Full StoryOpposition to a deal that would allow U.S. companies access to critical minerals in Congo is growing after Congo's President Felix Tshisekedi returned from the U.S. minerals summit last week — with praises from U.S. President Donald Trump and U.S. lawmakers.
Tshisekedi has offered U.S. companies access to eastern Congo's rich minerals — mostly untapped and estimated to be worth $24 trillion – as a bargaining chip for U.S. support to help fight off rebels and build critical infrastructure in the region where Rwanda-backed rebels seized major cities last year.
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Dubai International Airport maintained its crown as the world's busiest airport last year as officials said Wednesday that a record 95.2 million passengers transited through its terminals, part of the emirate's continued economic boom.
The airport took off in the post-pandemic years, spurred by worldwide interest in travel and by ever-increasing tourism, business and real estate opportunities in the biggest city in the United Arab Emirates. Dubai on Monday reported a 5% increase in tourists last year, to 19.6 million, a third consecutive year of record-breaking figures.
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Inflation in crisis-prone Argentina accelerated more than expected and for a fifth straight month in January, the country's statistics agency said Tuesday, a closely watched report whose outdated methodology in recent days stoked political turmoil and created a headache for libertarian President Javier Milei.
Consumer prices rose 2.9% last month compared with December, said the statistics agency known by its Spanish acronym INDEC, largely owing to increases in the prices of food, restaurants, hotels and utility bills.
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Lebanon and Jordan are seeking a solution with Syria after the latter barred foreign trucks from entering its territory, officials from both countries told AFP on Tuesday.
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Oil and gas exports have sustained Russia's finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen in years.
It's the result of new punitive measures from the U.S. and the European Union, U.S. President Donald Trump's tariff pressure against India, and a tightening crackdown on the fleet of sanctions-dodging tankers carrying Russian oil.
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Hanadi Abu Zant hasn't been able to pay rent on her apartment in the occupied West Bank for nearly a year after losing her permit to work inside Israel. When her landlord calls the police on her, she hides in a mosque.
"My biggest fear is being kicked out of my home. Where will we sleep, on the street?" she said, wiping tears from her cheeks.
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Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump's tariffs hurt the Japanese automaker's earnings.
Tokyo-based Honda Motor Co.'s profit over the three quarters totaled 465.4 billion yen ($3 billion), down from 805.2 billion yen.
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Global shares were mostly higher Tuesday as Japan's benchmark set another record after a historic election win for the nation's first female prime minister.
France's CAC 40 edged up 0.2% in early trading to 8,342.16, while Germany's DAX lost nearly 0.2% to 24,977.44. Britain's FTSE 100 slipped 0.5% to 10,339.55. The futures for the S&P 500 and the Dow Jones Industrial Average were up less than 0.1%.
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U.S. tariffs hit French wine and spirits shipments hard last year, playing a major role in the overall drop of eight percent in value of one of France's top exports, a trade body said Tuesday.
Exports to the United States slumped by 21 percent, the French Federation of Wine and Spirits Exporters (FEVS) said.
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