State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic. The loss-making national carrier, which has a total of some 6,925 employees, has struggled amid the regional and worldwide downturn in...

 Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said Wednesday. They also both noted the importance of joint efforts aimed at reaching the...

The dollar steadied against the euro Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro was about flat against the dollar at $1.0979, after rising as...

France's economy is on course to contract 20% in the second quarter from the previous three months as the country emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency estimated on Wednesday. That would mark a sharp deterioration in France's recession after...