Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the economy minister was quoted as saying, after the heavily indebted state said it could not meet its debt repayments. Lebanon is set to default on its sovereign debt...

Bahrain Sunday said its Formula One race this month will only allow "participants only" over fears about the new coronavirus. Bahrain’s Crown Prince Salman bin Hamad's announcement was carried by the state-run Bahrain News Agency. The crown prince said the decision was "to preserve the...

Shares in the energy-dependent Gulf plunged to multi-year lows Sunday after OPEC and its allies failed to clinch a deal on production cuts to support prices that have been hit by the novel coronavirus. The Saudi stock market, the largest in the region, dived by 7.7 percent minutes from the...

Italy imposed a virtual lockdown across a swathe of its wealthy north on Sunday, including the financial capital Milan, in a drastic new attempt to try to contain a rapidly growing outbreak of coronavirus. The unprecedented restrictions, which will impact some 16 million people and stay in...