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 coronavirus pandemic, before bouncing back next year. In what it describes as a "plausible" scenario, the bank said the British economy...

With its financial outlook darkening by the day, Iraq is considering slashing its massive public payroll -- an unpopular move likely to renew protests as a new government takes the helm. The new premier Mustafa Kadhemi, Iraq's 53-year-old former spy chief, took office early Thursday in...

Turkey's lira hit a record low against the US dollar Thursday as traders worried over the impact of the coronavirus crisis on the Turkish economy and Ankara's policies. The lira was trading at 7.23 to the dollar, down 0.6 percent just before 1000 GMT, after reaching a record low of 7.24...

China accused the United States Thursday of trying to shift blame over the coronavirus, after President Donald Trump said the pandemic was a worse "attack" than Pearl Harbor or 9/11. Tension between the world's two biggest economies has reached fever pitch in recent days as they have...