The US economy shrank at a dizzying 33% annual rate in the April-June quarter - by far the worst quarterly plunge ever - when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday. The Commerce...

Tradition dictates that Muslims donate cuts of mutton during Friday's Eid al-Adha festival, which would spell brisk business for butcher Abdulrazak Darwish but Lebanon's economic crisis has cast a pall over his trade. "This year has been the worst for us because of soaring inflation," said...

Egypt has sent nearly 150 soldiers to Syria to fight in the ranks of the Assad regime, according to military sources. Reliable military sources told Anadolu Agency that the soldiers had been sent to Aleppo countryside, Idlib area in coordination with Iranian Revolutionary Guards via Hama...

China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter, industry tracker Canalys said Thursday. Canalys said the embattled firm, which is facing US sanctions, shipped 55.8 million devices -- overtaking Samsung for the first time,...