The BBC will have to cut budgets by 20 percent over the next five years, its director general said on Monday, warning that some services may have to shut.

"The BBC faces a very tough financial challenge... We will inevitably have to either close or reduce some services," Tony Hall said in a speech in London.

With little end to their economic misery in sight, Greeks are finding inventive ways to feed the poor while also fighting waste -- a movement that is chipping away at traditional attitudes to food. 

Three years ago, Xenia Papastavrou came up with a simple idea: take unsold food from shops and restaurants that was headed for the bin, and use it to feed the growing number of Greeks going hungry as the financial crisis took hold.

Pilots at German airline Lufthansa said Monday they will stage new walkouts on freight and long-haul passenger services on Tuesday in their long-running dispute with management over early retirement provisions.

The strike, the 13th in 18 months, will begin at 0600 GMT and last until 2200 GMT. It will only affect the Lufthansa parent company, not the other airlines within the group, the pilots' union Vereinigung Cockpit said in a statement.

Saudi Arabia will cut spending and issue more bonds as it faces a record budget shortfall due to falling oil prices, the finance minister said on Sunday.

The kingdom -- the biggest Arab economy and the world's largest oil exporter -- is facing an unprecedented budget crunch after crude prices dropped by more than half in a year to below $50 a barrel.

Foreign individuals and institutional investors will be allowed for the first time to buy shares of UAE telecoms giant Etisalat from September 15, the company said in a statement Sunday.

Etisalat, the second largest Arab telecoms firm after Saudi Telecom, serves 145 million customers in 15 countries.

Global stock markets will be on edge this coming week as China announces a slew of data investors will comb for clues about slowing growth in the world's second-largest economy.

The government is scheduled to release monthly trade and inflation figures, as well as industrial output, fixed-asset investment and retail sales in the coming days.

Warily watching economic clouds gathering in China and the possibility of an end to zero interest rates in the United States, G20 leaders steered a careful course at their meeting in Turkey at a time of uneven and fragile growth.

The two-day gathering in the Turkish capital Ankara came less then a month after China shocked financial markets with a surprise devaluation of its currency, triggering global jitters about declining growth and slumping stocks in the world's second-largest economy.

G20 finance ministers and central bank chiefs on Saturday pledged to act decisively to shore up stuttering global growth and to refrain from unsettling currency moves after China's controversial devaluation last month.

The economic supremos from the world's top 20 economies said in a communique after their two-day meeting in the Turkish capital Ankara that global growth was falling short of expectations, despite strengthening activity in some economies.

Japan and Iran will start talks next week to negotiate a bilateral investment treaty, as Washington moves to ease sanctions against Tehran and Tokyo looks to step up its interests in the resource rich nation.

Japanese and Iranian officials will meet in Tehran from Monday through to Wednesday to secure a deal, Chief Cabinet Secretary Yoshihide Suga said Friday, as other energy consumers also rush to explore Tehran's commercial potential.

American financial service company Standard & Poor's issued war-torn Iraq a credit rating for the first time Thursday, with the country's conflict with Islamic State militants and low oil prices giving it a junk score.

Iraq has been plagued by war and violence since the 2003 U.S invasion that toppled Saddam Hussein. Currently violent jihadists have taken over large parts of the country, something Standard & Poor's took into account when it handed out its B- rating.