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On Wednesday, oil prices rose to their highest since early March after data showed a big drop in U.S. crude inventories, although concerns that mounting coronavirus infections will lead to reduced fuel demand capped gains. Brent crude…

Foreign direct investment in Dubai fell by 74% in the first half of the year compared to the same period of 2019, as the coronavirus pandemic stalled parts of the global economy. The Middle East financial and trade hub drew in 12 billion…

The U.S. State Department is closely following reports of an explosion in Beirut and stands ready to offer ‘all possible assistance’, a spokesperson for the agency said, as a massive blast ripped through the Lebanese capital on Tuesday,…

The International Monetary Fund said on Tuesday that global current account imbalances narrowed in 2019 as trade slowed, and the coronavirus could narrow them further in 2020, but some commodity exporters and tourism-dependent countries…

Turkey's consumer price inflation fell to a lower-than-expected 11.76% year-on-year in July, official data showed on Tuesday, reversing two months of rising inflation as the economy continued to emerge from lockdown. The figures boosted…

Oil prices rose more than 2% on Monday on positive economic data from Europe, Asia and the United States, but investors remained concerned about rising COVID-19 cases globally and oversupply as OPEC begins to lift supply cuts. Brent…

Outspoken Nick Kyrgios pulled out of the US Open Sunday, saying he was giving it a miss for "the hundreds of thousands of Americans who have lost their lives". His decision follows fellow Australian and world number one Ashleigh Barty…

Iraq’s crude oil exports have increased so far in July, shipping data showed and industry sources said, suggesting OPEC’s second-largest producer is still undershooting its production cut target under an OPEC-led deal. Iraq says it is…

The German economy contracted by 10.1% in the second quarter, its steepest plunge on record, as household spending, business investment and exports collapsed during the COVID-19 pandemic, preliminary data showed on Thursday. “This was…

The Chinese commerce ministry said on Thursday, that China’s trade environment is still beset by severe challenges as external uncertainties rise, China will roll out new policies to support trade, ministry spokesman Gao Feng told…