The European Union called Monday on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent "conflict and chaos."

A United Arab Emirates court Sunday dismissed a criminal case against the head of embattled Abraaj private equity group over bounced checks for millions of dollars, lawyers said.

But the lawyers disagreed over whether an-out-of court deal amounted to an interim or permanent settlement. 

The ratings agency Fitch on Friday downgraded Turkish sovereign debt a notch to 'BB' with a negative outlook, citing inflation and widening current account deficit.

Britain and the United States have agreed to pursue "an ambitious UK-U.S. free trade agreement" after Brexit, Prime Minister Theresa May said on Friday following talks with U.S. President Donald Trump.

Italy's deputy prime minister Luigi Di Maio said Friday that a majority in parliament would reject an EU-Canada free trade deal, thereby threatening to scupper the entire agreement.

China's surplus with the United States hit a record last month, data showed Friday, adding to brewing tensions between the economic superpowers as they stand on the brink of an all-out trade war that Beijing warned would have a "negative impact" globally.

The British government's new blueprint for Brexit is a "real blow" to London's all-important finance sector as it will damage jobs, tax revenues and growth, a City official said Thursday.

Lebanon's SGBL bank has announced the completion of the acquisition of Banque Richelieu France (formerly KBL Richelieu Banque Privée), Banque Richelieu Monaco (formerly KBL Monaco Private Bankers) and Richelieu Gestion (formerly KBL Richelieu Gestion), after obtaining the green light of the relevant regulatory authorities, notably the Central Bank of Lebanon (CBL), the European Central Bank (ECB) and the Prudential Supervision and Resolution Authority (ACPR - France).

This group of companies, with an aggregate amount of assets under management of US$ 3.6 billion, will be steered by Compagnie Financière Richelieu, which is chaired by SGBL Chairman and CEO Antoun Sehnaoui and fully owned by SGBL.

Churning out everything from cars and computer chips to nuts and wine, California's mighty economy will suffer big time if the U.S.-China trade war worsens.

Uganda will review a tax on the use of social media, the prime minister said Wednesday after a protest against the controversial measure was broken up by police firing live rounds and teargas into the air.