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 business shutdowns two months ago and sent the economy into a deep recession. Roughly 38.6 million people have now filed for jobless...

Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore up prices, a Kuwaiti official said. The OPEC oil cartel to which they both belong struck a deal with non-OPEC producers led by Russia in April to cut output by...

War-torn Syria's central bank warned Tuesday it would clamp down on currency "manipulators" as the value of the Syrian pound hit record lows against the dollar this week. In a statement, it said it "will not fail to take action against manipulators of the Syrian pound, including...

Japan's economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy toll on businesses and consumers. The world's third-largest economy shrank for the second...