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Mideast economy set for worst slump in decades: IMF

The Middle East and North Africa economy will contract by 3.3 percent this year, the biggest slump in four decades, hammered by the coronavirus and low oil prices, the IMF said Tuesday. In its World Economic Outlook, the International Monetary Fund said the damage would be much worse than...

India extends coronavirus lockdown until May 3

In a live televised address early on Tuesday morning, India's prime minister extended the nationwide lockdown until May 3 to contain novel coronavirus pandemic. Narendra Modi assured that in the second phase of the lockdown, certain services would be relaxed somewhat in certain areas....