With the global economy plunged into the worst recession in a century, the Group of 20 nations on Wednesday announced a one-year debt standstill for the world's poorest nations as they struggle to deal with the coronavirus pandemic. The G20, which brings together the world's largest...

As the negative impacts of the coronavirus on economies are mounting by day, G2O leaders will continue to work on a roadmap for global response to the pandemic.  The G20 finance ministers and central bank governors will hold meeting on Wednesday to form an action plan to combat the...

The Middle East and North Africa economy will contract by 3.3 percent this year, the biggest slump in four decades, hammered by the coronavirus and low oil prices, the IMF said Tuesday. In its World Economic Outlook, the International Monetary Fund said the damage would be much worse than...

The global oil production deal clinched at the weekend will help establish a price floor and save millions of jobs in the United States, senior Russian officials said on Monday. Having been in a stand-off with western nations - most notably the United States - from 2014 on everything from...