Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits.
Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said Wednesday.
The dollar steadied against the euro Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic.
The COVID-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing more than one in six people aged under 29 to stop working, the U.N. said Wednesday.
French President Emmanuel Macron announced an 8 billion-euro ($8.8 billion) plan Tuesday to save the country’s car industry from huge losses wrought by virus...
New York Governor Andrew Cuomo said he will travel to Washington to meet with President Donald Trump on Wednesday and planned to discuss major investments in...
Global equity markets strode higher Tuesday, along with crude oil, as investors set aside Sino-U.S. rhetoric to focus on more stimulus in China and the...
Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry's recovery from the coronavirus crisis, a trade...
Emerging market investors are no strangers to sovereign debt crises, but few have been as perilous as the one facing Lebanon given a toxic combination of...
The International Monetary Fund is pushing the Lebanese government and the Central Bank to come up with clear answers concerning the capital control and...
In Iraq, a national lockdown to halt the coronavirus pandemic has found some unexpected fans: local businesses who no longer have to compete with Turkish,...
State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic.
Ryanair will contest a 9 billion-euro German aid package for Lufthansa, the budget airline's Chief Executive Michael O'Leary said in a statement Tuesday.
Singapore's embattled economy could shrink by as much as seven percent this year, which would be the worst reading since independence, with the government...
Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro rescue deal that would see the government come onboard as a...
Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
World crude prices have staged a modest recovery from last month's dizzying collapse, prompting analysts to wonder whether the worst of the 2020 oil crisis is...
lobal equities trended lower Thursday on concerns about the long-term economic impact of the new coronavirus and simmering U.S.-China tensions, though oil...
More than 2.4 million people applied for U.S. unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread...
Brussels, May 21, 2020 (AFP) - The eurozone's economic slump has "likely bottomed out" after the bloc suffered a disastrous collapse under lockdowns to...
Britain sold a government bond with a negative yield for the first time on Wednesday, meaning the government is effectively being rewarded for borrowing after...
European stocks slipped lower Wednesday and gold gained as a skeptical press report undermined some hopes for a COVID-19 vaccine and concern about obstacles...
Angela Merkel will need to spend much of the political capital she banked during the coronavirus pandemic to rally Germans behind a massive European recovery...
Unemployment claims in Britain jumped by a record amount in April to their highest level since the 1990s, underscoring the impact the COVID-19 pandemic is...
Talks between Britain and the European Union on their new trade relationship made little progress this week, sources with the bloc said Friday, with...
The German economy shrank by 2.2 percent in the first quarter compared with the previous three-month period as shutdowns in the country and beyond started to...
Enormous doses of stimulus spending are offering relief from coronavirus damage but their lifelong legacy of debt could seed future crises by hobbling...
World stock markets fell for a third day running Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away.
Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said Thursday, but it trimmed its forecast for the drop citing easing...
Global stocks and oil prices fell Wednesday as fears about a second wave of coronavirus infections gripped financial markets.
International Monetary Fund Managing Director Kristalina Georgieva said Tuesday it was "very likely" the Fund would cut global growth forecasts further as the...
The U.S. dollar clung to gains Tuesday on growing fears about a second wave of coronavirus infections and after the Federal Reserve played down the likelihood...
The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the...