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Oil extends losses on supply overhang, weak outlook

Oil prices extended losses on Thursday as the industry grappled with the growing global surplus of crude and the sharp coronavirus-led downturn in demand, with the outlook still grim despite April data showing a rise in imports into China. Brent crude LCOc1 was down by 24 cents, or 0.8%, to...

Trump vetoes measure limiting his war powers in Iran

U.S. President Donald Trump vetoed Wednesday what he called a "very insulting" congressional resolution seeking to limit his war powers in Iran. In a statement, Trump said he had used his veto because the resolution -- a rare bipartisan rebuke to the president approved in March -- was based...

Russian mercenaries are fighting in Libya, UN diplomats say

Mercenaries from the Wagner Group, a Russian paramilitary organization seen as being close to Vladimir Putin, are fighting in Libya, UN diplomats said Wednesday, citing an experts' report on the country's arms embargo. It was the first time the UN has confirmed claims first made in US media...

Former Iraqi intelligence chief approved as new premier

Iraq’s former spy chief was sworn in as prime minister by lawmakers early Thursday after weeks of tense political negotiations as the country faces a severe economic crisis spurred by plummeting oil prices and the coronavirus pandemic.  The majority of 255 legislators attending the...

Libya: Haftar militias bomb Tripoli, 3 civilians killed

At least three civilians were killed when militias loyal to warlord Khalifa Haftar shelled Libya’s capital Tripoli on Wednesday, said an official. Amin al-Hashimi, media advisor to the Health Ministry, also said that another 19 civilians, including children, were wounded in the attack....

US announces $225 million in emergency aid to Yemen

The United States will provide $225 million in emergency aid to Yemen to support food programs, U.S. Secretary of State Mike Pompeo said Wednesday, as aid groups there are forced to scale down operations due to Houthi interference and amid a spreading coronavirus outbreak. "This assistance...

Turkey says coronavirus pandemic 'under control'

The coronavirus pandemic is "under control" in Turkey, the country's health minister said Wednesday, but warned citizens they still need to take the necessary precautions. The number of deaths per day in Turkey has fallen in the past week, remaining under 100 within a 24-hour period since...

Spain lawmakers extend state of emergency

Spain's parliament on Wednesday voted to extend the country's state of emergency, allowing stringent coronavirus lockdown measures to remain in place for at least two more weeks. The government imposed a nation-wide lockdown nearly eight weeks ago to curb the outbreak, which has killed more...

Barcelona and Real Madrid players begin virus testing

Players at Barcelona and Real Madrid started to undergo coronavirus tests on Wednesday as La Liga clubs planned to return to restricted training ahead of the proposed resumption of the season next month. Barca captain Lionel Messi and France international Antoine Griezmann were among...

IMF rescue 'mandatory' for Lebanon recovery: president

Lebanese President Michel Aoun said Wednesday that financial assistance from the International Monetary Fund was "mandatory" for an economic recovery, as the country sinks deeper into financial turmoil. Lebanon is in the thick of its worst economic crisis since the 1975-1990 civil war,...

Iran warns of 'rising trend' as virus cases top 100,000

Iran warned of a "rising trend" in its coronavirus outbreak on Wednesday as it said 1,680 new infections took its overall caseload beyond the 100,000 mark. The Islamic republic has struggled to contain the Middle East's deadliest COVID-19 outbreak since announcing its first cases in...