The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Monday. The world economy is expected to contract by 5.2 percent this year - the worst...

OPEC and its allies are to meet via video conference Saturday to assess their current deal to slash production as oil prices tentatively recover on easing coronavirus lockdowns. The meeting, originally scheduled for next week, was brought forward to Saturday at the suggestion of...

Airbus is ready to sue airlines that refuse to honour contracts to take aircraft, its chief executive was quoted Friday as saying, raising the stakes in a stand-off between some manufacturers and airlines over the coronavirus crisis. The warning came as Airbus prepared to unveil what...

 Lebanon will agree next week on unified figures for losses in its financial system, the presidency said, seeking to reconcile different approaches taken by the government and central bank that have complicated IMF negotiations. The U.N. special coordinator for Lebanon, Jan Kubis, said...