Members of the G7 group of leading economies have agreed to impose a price cap on Russian oil, as they seek to dent Moscow's ability to finance its war in Ukraine. The cap, on crude oil and petroleum products, is also intended to curb soaring world energy prices, the group's finance ministers said.

By Devon Pendleton Normal text size Larger text size Very large text size Elon Musk's year of dizzying ascents hit a new apex on Monday (US time) as the Tesla co-founder passed Bill Gates to become the world's second-richest person.

Pink Floyd co-founder Roger Waters discusses his fight to help Julian Assange on 'Tucker Carlson Tonight.' FOX News operates the FOX News Channel (FNC), FOX ...

The international finance organization has already begun exploring the possibility with an External Advisory Group discussion last December. Referring to a possible future situation along these lines, Lagarde said that the prospect of a digital currency as a replacement for reserve currencies that are part of the SDR was not "a far-fetched hypothetical."