Inflation in Turkey showed a sharp drop in December thanks mainly to technical reasons — which could help President Recep Tayyip Erdogan 's standing before an election, but is unlikely to bring relief to households suffering from a cost of living crisis.

Consumer prices for the year rose by 64.27% in December, the Turkish Statistical Institute announced on Tuesday, down from 84.39% reported in November.

The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia.

The tanker vessel Maria Energy arrived at the North Sea port of Wilhelmshaven, where its shipment of LNG will be converted back into gas at a special floating terminal that was inaugurated last month by German Chancellor Olaf Scholz.

When Israel struck an agreement with the United Arab Emirates to open diplomatic ties in 2020, it brought an electrifying sense of achievement to a country long ostracized in the Middle East.

Officials insisted that Israel's new ties with the UAE, and soon after with Bahrain, would go beyond governments and become society-wide pacts, stoking mass tourism and friendly exchanges between people long at odds.

China's manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing's loosening of Covid restrictions at the beginning of the month.

Peru's Constitutional Court has ordered the demolition of a wall that separates a rich neighborhood of Lima from a poor one, ruling it "discriminatory." 

Stock markets mostly rose in Europe and the United States but sank in Asia on Thursday as investors weighed the economic impact of China's Covid surge as the country reopens.

The head of Gazprom said Wednesday the Russian gas giant had a challenging year, as the company seeks new markets following international sanctions over Moscow's Ukraine offensive.

Central Bank Governor Riad Salameh on Wednesday said citizens can head to any AMBank branch to carry out Sayrafa currency exchanges at the LBP 38,000 rate should their bank refuse to conduct the transaction.

“The aforementioned bank has agreed to carry out these operations,” Salameh added, in a statement.

European investigators will visit Lebanon next month as part of a probe into the wealth of Central Bank Governor Riad Salameh, a judicial official said.

The long-serving central bank chief, 72, is among top officials widely blamed for Lebanon's unprecedented economic crisis, dubbed one of the worst in modern global history by the World Bank.

A bitter cold descends on snow-topped terraced houses in north London, as Samantha Pierre-Joseph warms her living room with a small whirring fan heater.