Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty the strategy is riskier than before. Previous bouts of belt-tightening have relied on rebounding oil prices...

 The death toll in Turkey due to the novel coronavirus reached 7,056 on Sunday, rising by 57 people in the last 24 hours, data from the Health Ministry showed. The total number of cases in the country rose by 1,527 on Sunday, for a total of 291,162 cases, the data showed, with 258,833...

Dozens of emerging market funds have closed this year as turmoil unleashed by the coronavirus has damaged investor sentiment towards the asset class, where returns lag those of developed economies. A weaker U.S. dollar, which would typically have boosted emerging markets, has failed to lift...

The number of Americans filing new claims for unemployment benefits hovered at high levels last week, suggesting the labor market recovery from the COVID-19 pandemic was stalling. The weekly jobless claims report from the Labor Department Thursday, the most timely data on the economy's...