The European Union predicted Wednesday "a recession of historic proportions this year" due to the impact of the coronavirus as it released its first official estimates of the damage the pandemic is inflicting on the bloc’s economy. The 27-nation EU economy is predicted to contract by 7.5%...

Germany will take new steps towards normalisation in May, including reopening shops and schools after weeks of shutdown imposed to control the spread of the coronavirus, according to a draft agreement seen by AFP Wednesday. "Even after initial steps to open up were introduced from April 20,...

Iran's president said Wednesday the United States made a "stupid mistake" by abandoning a nuclear deal and warned of severe consequences if its allies agree to extend an arms embargo. The United States is waging a campaign to extend the ban on selling conventional weapons to Iran, which is...

Egypt's economy had just started to recover after years of political turmoil and militant attacks when the coronavirus crisis hit, impacting especially its vital tourism sector. Now President Abdel Fattah al-Sisi's government has loosened a strict curfew for the Muslim holy month of Ramadan...