Russia has joined an OPEC-led pledge to boost oil production in response to growing global demand, capping a week of tense diplomacy for the grouping that averted a damaging rift between arch foes Iran and Saudi Arabia.

Speaking after a meeting in Vienna, Russian Energy Minister Alexander Novak said the agreement would give the OPEC and non-OPEC countries cooperating in a landmark supply-cut pact the necessary "flexibility" to prevent the market overheating.

Outcry over revelations of confused migrant toddlers being stripped from their parents on the U.S.-Mexico border has shone a spotlight on one sector of the immigration debate that usually manages to stay obscure: government contractors.

Furniture giant Ikea is set to open its first store and restaurant in India after years of trying but arguably its most famous item is off the menu -- Swedish meatballs.

A year of "vintage" economic growth could be undone by rising protectionism, the Bank of International Settlements (BIS) said Sunday, as fears of an all-out global trade war ramp up.

Argentina on Friday received $15 billion, the first tranche of a $50 billion loan from the International Monetary Fund to help stabilize its fragile economy, the South American nation's central bank said.

An industrial powerhouse built on massive exports and a gigantic car industry, Germany is among the nations most sensitive to mounting trade tensions between the United States and other major economies.

Aviation giant Airbus has warned it could pull out of Britain if it leaves the European Union without a deal, upping the pressure Friday on Prime Minister Theresa May to make progress in Brexit negotiations with Brussels.

Greek Prime Minister Alexis Tsipras on Friday said the country was "turning a page" after eurozone ministers declared its crisis over as they granted Athens debt relief under a bailout exit strategy.

The European Union slapped revenge tariffs on iconic U.S. products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump.

OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil minister of the cartel's kingpin Saudi Arabia said Friday.

"I am pleased that at the end of the day we reconciled around the one million figure that we have been talking about," said Khaled al-Faleh after a meeting of the Organization of the Petroleum Exporting Countries.