British inflation defied expectations of a slowdown to hold at 8.7% in May, putting yet more pressure on the Bank of England.

Iran can build up its presence in EU oil markets amid lower Russian supplies, an analyst says.

Equity markets in Europe and New York fall following another report showing red-hot US inflation.

Asian markets fell and oil prices slid due to spike in Omicron coronavirus variant and opposition to US President Joe Biden's spending bill.

Iran Khodro (IKCO) is eyeing the Eurasian market, hoping to produce low-cost cars in countries such as Russia, the company’s head of operations in Asia, Europe, America and Commonwealth of Independent States (CIS) says.

Interview with Andrew Leung, political commentator, Hong Kong