Sudan has declared a state of emergency to avert economic downturn due to the dramatic fall of its local currency against the US dollar and soaring inflation. The decision -- reported by official news agency SUNA -- includes setting up emergency courts, enacting laws to protect the economy,...

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...

A first official visit to Israel by a United Arab Emirates delegation, provisionally planned for Sept 22, may be postponed or conducted under restrictions given a looming coronavirus lockdown, an Israeli cabinet minister said Friday. The delegates are expected to come in reciprocation of...

The coronavirus tally passed the 8 million mark in Latin America, the region with the most infections in the world, while India reported another record daily jump of 96,551 cases. AMERICAS * The Brazilian state of Bahia has signed an agreement to conduct Phase 3 clinical trials for...