The head of the flour mills syndicate in Lebanon announced Thursday that the bread crisis in the country has been resolved, adding that bread will be available in the market as of tomorrow.

The Economy Ministry had earlier on Thursday hiked the price of flat Arabic bread, the main staple in Lebanon.

Britain on Thursday froze the assets of three Russian airlines, preventing them from selling landing slots at U.K. airports that are worth up to 50 million pounds ($62 million).

The latest sanctions over Russia's war in Ukraine stop state-owned Aeroflot, Russia's biggest carrier, Rossiya Airlines and Ural Airlines from transferring the valuable landing rights, which are going unused because of an earlier ban on Russian aircraft flying to the United Kingdom.

Sri Lanka will lower the amount of foreign currency that individuals can hold to $10,000 from $15,000, and penalize anyone who holds foreign currency for more than three months by making it against the law, the island nation's central bank chief announced Thursday amid the worst economic crisis in recent memory.

Central Bank Governor Nandalal Weerasinghe told reporters that people are requested to deposit excess foreign currency in a bank or convert it into local currency within two weeks of his announcement. After that time, central bank officials together with police will carry out raids, he said, adding that anyone found violating the new rules will be fined.

The bears are rumbling toward Wall Street.

The stock market's skid this year has pulled the S&P 500 close to what's known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China's economy have caused investors to reconsider the prices they're willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers.

McDonald's has begun the process of selling its restaurants in Russia after more than 30 years in the country.

The Chicago burger giant said its existing licensee Alexander Govor, who operates 25 restaurants in Siberia, has agreed to buy McDonald's 850 Russian restaurants and operate them under a new name. McDonald's didn't disclose the sale price.

Lebanon has received an Interpol red notice for the arrest of ex-Nissan boss Carlos Ghosn at France's request, but it is unlikely to extradite him, a court official said Thursday.

"Prosecutor Ghassan Oueidat has received from Interpol a red notice... against Ghosn based on an international arrest warrant issued by France" last month, the official told the AFP news agency.

On Thursday, bags of Arabic bread were being sold on black market for up to LBP30,000 per bag, the National News Agency said, as stores and supermarkets in Nabatiyeh only received a scarce quantity.

Six mills had stopped operating, according to Antoine Seif, the head of the Syndicate of Bakery Owners in Mount Lebanon, as the central bank failed to pay for wheat at the silos.

Sweeping U.S. sanctions imposed on Iran have badly impacted the country's economy and worsened the humanitarian situation in the Persian Gulf nation, a United Nations special envoy said Wednesday.

According to Alena Douhan, the U.N. special rapporteur on unilateral coercive measures, the sanctions have affected Iran's main export groups, banks and also several companies and nationals, including some pharmaceuticals and food production.

Consumed daily by billions of people around the world in bread and other flour-based products, wheat is a basic food staple, making current record prices for the cereal a global concern. 

Low rainfall or droughts in major producing countries were already causing worries before Russia's invasion of Ukraine in February sent markets soaring.

Lebanon was witnessing a host of renewed crises on Wednesday against the backdrop of a continuous surge of the dollar exchange rate on the black market.

“The flour crisis will grow and we will witness more queues outside bakeries,” Ali Ibrahim, the head of the Syndicate of Bakery Owners in Lebanon, told al-Jadeed TV, amid a shortage of Arabic bread in the market.