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Oil war, virus plight force $13.3B in Saudi spending cuts

Saudi Arabia announced 50 billion riyals ($13.3 billion) in budget spending cuts after the crash in oil prices and the coronavirus outbreak wreaked havoc on its public finances. As the kingdom doubled down in its price war with Russia, authorities signed off on expenditure reductions...

Turkish Cypriots postpone election over coronavirus

Lawmakers in breakaway northern Cyprus voted Thursday to postpone a Turkish Cypriot leadership election scheduled for April 26 by six months because of the coronavirus. The election will now be held on October 11, and dovish incumbent Mustafa Akinci will remain in office in a caretaker...