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IMF calls for 'action' in virus-hit MENA region

The IMF Monday urged Middle East and North African countries to accelerate reforms and diversification efforts as the energy-rich region faces unprecedented challenges due to the coronavirus and low oil prices. In its latest regional economic outlook report, the International Monetary Fund...

French police raid militant groups after teacher's beheading

French police raided the homes Monday of dozens of suspected militants three days after the beheading of a teacher who had shown his pupils cartoons of the Prophet Mohammed, the interior minister said. The raids came a day after tens of thousands of people took part in rallies countrywide...

OPEC+ to discuss weakening oil demand outlook

Oil producer group OPEC+ will meet Monday to discuss the weakening demand outlook in the face of rising coronavirus infections as well as increased output from Libya but is unlikely to recommend immediate action, OPEC+ sources said. An OPEC+ joint ministerial monitoring committee,...

Global coronavirus cases surpass the 40 million milestone

Worldwide coronavirus cases crossed 40 million on Monday, according to a Reuters tally, as the onset of winter in the northern hemisphere fuelled a resurgence in the spread of the disease. The Reuters tally is based on official reporting by individual countries. Experts believe the true...