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Lebanon PM pledges to stem devaluation, reduce food prices

Lebanon's Prime Minister Hassan Diab pledged Thursday to stem devaluation and introduce subsidies on food imports, as his cabinet marked 100 days since it was formed to redress a free-falling economy. Lebanon is facing its worst economic crisis since the 1975-1990 civil war, now compounded...

Some 1.9M people recover from virus globally

Global coronavirus recoveries crossed the 1.9 million mark on Thursday, according to a running tally by the US’ Johns Hopkins University. The university's data showed a total of 1,901,079 million people won the battle against COVID-19, the disease caused by the novel coronavirus....

Kuwait, Saudi halt oil production from neutral zone

Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore up prices, a Kuwaiti official said. The OPEC oil cartel to which they both belong struck a deal with non-OPEC producers led by Russia in April to cut output by...