Iraq maintained the 30th ranking in the list of the countries with the largest gold reserves, the monthly report of the World Gold Council said. The Central Bank of Iraq bought 34 tonnes of gold in June in a bid to help stabilize the exchange rate of the Iraqi dinar …

Oil prices sank on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes trumped support from OPEC+’s first output target cut since 2020. Brent crude was down $3.26, or 3.4%, to $92.48 at 11:27 a.m. EDT (1527 GMT). U.S. West …

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is “reaping what it sowed”. Fears in Europe have increased over a potentially bleak winter after Russia announced it was keeping its main gas pipeline to Germany …

The International Atomic Energy Agency (IAEA) called on Tuesday for a security and safety zone around Europe’s biggest nuclear power station, describing extensive damage inspectors had found at the plant on the front line of the Ukraine war. A long-awaited report did not ascribe blame for damage at the Zaporizhzhia …

Shoji Morimoto has what some would see as a dream job: he gets paid to do pretty much nothing. Shoji Morimoto was often chided for ‘doing nothing’ at work. The Tokyo resident says he started wondering ‘what would happen if I provided my ability to 'do nothing' as a service …

Britain’s Queen Elizabeth II has appointed Liz Truss as the new prime minister a day after the former foreign secretary won the ruling party’s leadership race. Truss, 47, on Monday won the ruling Conservative Party’s leadership contest, gaining the parliamentary majority to become the country’s next prime minister and replacing …

The German military resumed its reconnaissance mission in Mali on Tuesday after a suspension of more than three weeks following a spat with Mali’s government regarding overflight clearances. Berlin has deployed some 1,000 troops to Mali, most of them near the northern town of Gao where their main task is …

Authorities in the southwestern China province of Chengdu have maintained a strict Covid lockdown, after an earthquake that has killed at least 65 people in surrounding areas. Footage circulating online showed workers wearing protective gear preventing some of the city’s 21 million residents from exiting their apartments. Buildings in Chengdu …