A visitor passes ENOC-branded oil barrels stored at the Emirates National Oil   lubricants and grease manufacturing plant in Fujairah, United Arab Emirates. Photograph: Gabriela Maj/Bloomberg

Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were(...)

Alexis Tsipras, leader of the Syriza party, center, speaks to a packed hall of supporters during a pre-election party congress in Athens, Greece, on Saturday, January 3rd, 2015. Greece’s political parties embarked on a flash campaign for elections in less than three weeks that Prime Minister Antonis Samaras said will determine the fate of the country’s membership in the euro currency area. (Photograph: Kostas Tsironis/Bloomberg)

Mario Draghi’s July 2012 pledge to do “whatever it takes” to keep the euro intact has kept speculators at bay for almost three years. Bond yields fel(...)

Israel’s prime minister Benjamin Netanyahu attending this week’s cabinet meeting in his office in Jerusalem. Photograph: Reuters

As he desperately searches for an agenda on which to fight the March election, the rapidly-deteriorating diplomatic battle with the Palestinians may b(...)

Ireland is still the 14th most expensive place in the world to fill your car with petrol. Photographer: Dara Mac Dónaill / The Irish Times

The Islamic State (IS) takeover of several oil-producing areas in Iraq and the effects of the global recession on the development of alternative energ(...)

Sign outside the Coromoto shop, which holds a Guinness world record for its 863 different flavors. It announced it was closed over the Christmas holiday because of a milk shortage. Photograph: Heladeria Coromoto/Facebook

Venezuela’s tourism ministry denied on Monday that a famous ice-cream store had closed due to lack of milk, the latest quirky twist in the bitter nati(...)

An anti-Castro Cuban exile in Florida holds a Cuban flag during a protest after the announcement of the restoration of diplomatic ties between Cuba and United States. Photograph: Carlos Barria/Reuters

There is certain to have been a degree of ambivalence, albeit largely unstated, in Moscow over the announcement that President Obama is restoring d(...)

A car with a Cuban flag parked near  the Cuban Capitol in Havana. The Cuban revolution has survived through a combination of welfare provision and selective repression as the equal distribution of scarce resources meets the iron fist of state power. Photograph: Enrique De La Osa/Reuters

The sudden shift in US policy toward Cuba represents the decline of a previously unquestioned conviction – that beneath the calm surface of Cuban soci(...)

Samples of standardised or plain packaging of tobacco products.

Ireland has maintained its position for a second year as the 18th best country for protecting property rights in the globe according to the influenti(...)

Tabaré Vázquez waves a Uruguayan flag to celebrate his victory in the country’s presidential election. His victory follows those in recent weeks for fellow leftists Evo Morales in Bolivia and Dilma Rousseff in Brazil. Photograph: Matilde Campodonico/AP

Sunday’s comfortable victory for the ruling Broad Front movement in Uruguay was the latest confirmation of the enduring appeal of left-wing rule in So(...)

Relatives of inmates wait outside David Viloria prison in, Venezuela, 27th November 2014. Photograph: EPA/Shamil Came Jo

Venezuelan authorities confirmed 35 inmates died after a they broke into a prison’s infirmary and overdosed on alcohol and prescription drugs.Twenty o(...)