The German economy, Europe’s largest, probably shrank by 9.8% in the second quarter, its biggest decline since records began in 1970, due to measures imposed to slow the spread of the coronavirus, Germany’s leading think tanks said on Wednesday. That would be more than double the drop...

Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials Saturday, a source familiar with the planning said Tuesday. Senators Kevin Cramer and Dan Sullivan...

In its worst performance since 1945, the French economy shrank around six percent in the first quarter of this year as the coronavirus pandemic decimated business activity, the Bank of France said Wednesday. Official figures showed previously that the economy shrank 0.1 percent in the last...

Saudi Arabia will host a virtual meeting Friday of energy ministers from the Group of 20 major economies in a bid to ensure "market stability" amid a coronavirus-led slump in crude prices. The video call will follow an emergency meeting on Thursday of OPEC and other oil producers to address...