Latest stories
Ghosn Says He's Aiding Those who Helped Him Flee to Lebanon

Former Nissan Motor Co. Chairman Carlos Ghosn says he is assisting those who helped him flee from Japan to Lebanon last year but refuses to provide details about the escape, saying such information would endanger them.

In an interview aired late Saturday by the pan-Arab Al-Arabiya TV, Ghosn refused to comment on allegations from prosecutors in the U.S., who said last week that he wired more than $860,000 to a company linked to one of the men accused of helping smuggle him out of Japan in a box in December.

W140 Full Story
Britain Pledges £705 Million to Prepare post-Brexit Borders

Britain on Sunday pledged £705 million ($890 million, 788 million euros) to prepare its borders for cutting ties with the European Union on December 31, amid concern within government that it is not ready.

W140 Full Story
Emirates Airline to Cut Up to 9,000 Jobs

Emirates airline has cut a tenth of its workforce during the novel coronavirus pandemic in layoffs that could rise to 15 percent, or 9,000 jobs, its president said, according to a report on Saturday.

W140 Full Story
Conflict-hit Libya to Restart Oil Operations

The Libyan National Oil Company announced Friday the resumption of oil production and exports after a nearly six-month shutdown due to conflict dividing the country.

W140 Full Story
Bottom of the Barrel: IEA Sees Oil Output Recovery

Oil output hit a nine-year low last month as producers reacted to the plunge in demand triggered by the coronavirus crisis, the IEA said Friday, but output is now set to recover.

While the Paris-based International Energy Agency warned that the resurgence of the coronavirus in parts of the world injected added uncertainty into forecasts, it sees the market turning a corner.

W140 Full Story
Dubai Counts on Pent-up Demand for Tourism Comeback

After a painful four-month tourism shutdown that ended this week, Dubai is betting pent-up demand will see the industry quickly bounce back, billing itself as a safe destination with the resources to ward off coronavirus.

W140 Full Story
U.N. Says Pandemic Could Push 45 Million in Latin America into Poverty

The COVID-19 pandemic could push 45 million people from the middle classes into poverty in already economically troubled Latin America and the Caribbean, the United Nations said on Thursday.

W140 Full Story
Stock Markets Drop as Infection Numbers Rattle Investors

Stock markets broke out of their earlier lethargy on Thursday to take a dive as investors worried about the damage new outbreaks of coronavirus might do to efforts at reviving the world economy.

W140 Full Story
Biden Unveils $700 Billion Economic Recovery Plan

Joe Biden unveiled a sweeping $700 billion plan Thursday to help the battered U.S. economy recover from the coronavirus crisis, a direct challenge to Donald Trump's "America First" agenda as they square off in the presidential race.

W140 Full Story
Another 1.3 Million Workers File for U.S. Jobless Benefits

Another 1.3 million U.S. workers filed for unemployment benefits last week, continuing the slowdown in the pace of layoffs, the government reported Thursday.

W140 Full Story