Saudi Crown Prince Mohammed bin Salman attending the launch of the ABB FIA Formula E Championship in Diriyah district in the capital Riyadh on 22 November 2019 (AFP) By Madawi al-Rasheed On Monday, Saudi authorities announced unprecedented measures to salvage its finances from an imminent meltdown, caused by mismanagement rather than simply the coronavirus pandemic

A waiter is serving a coffee to a guest at the restaurant Portico on the Piazza Grande in Locarno, Switzerland, Monday, May 11, 2020. Following the coronavirus lockdown, Switzerland reopens it’s shops, fitness centers, restaurants and museums under strict restrictions for social distancing and hygiene measures today. (Ti-Press/Pablo Gianinazzi/Keystone via AP) PARIS (AP) — Plastic

Newly elected Iraqi Prime Minister Mustafa al-Kadhimi said Saturday that a strategic agreement with the US on the basis of protecting the unity and sovereignty of Iraq will be reviewed. Following his first Cabinet meeting, al-Kadhimi told reporters the group established a crisis desk consisting foreign affairs experts. Iraq and the US signed the Strategic

The International Monetary Fund approved $1.23 billion of emergency funding for Kenya and Uganda, saying the coronavirus pandemic is likely to exact a severe toll on the two East African economies. The loans bring to more than $10 billion the IMF has disbursed to African nations to help them combat the virus. Kenya’s government is

In this file photo dated Wednesday, March 11, 2020, Pedestrians wearing face masks pass the Bank of England in London. In forecasts published Thursday May 7, 2020, The Bank of England has warned that the British economy could be nearly a third smaller by the end of the first half of this year as a

Military plane The world is in unchartered terrain as the fight against the coronavirus continues. In a bid to be a global player Egypt sent a C-130 military aircraft loaded with medical supplies to the United States of America to assist in their fight against the coronavirus. Similarly, President El Sisi donated medical aid to

U.S. President Donald Trump speaks with Saudi Arabia’s Crown Prince Mohammed bin Salman during a family photo session with other leaders and attendees at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Kevin Lamarque/File Photo As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump

Dan Labernik, owner of Labby’s Grill and Bar in Fargo, N.D., is seen on Tuesday, April 28, 2020. The establishment has been closed to customers for six weeks after North Dakota Gov. Doug Burgum put restaurants and bars on his list of business closings because of the coronavirus. Labernik is doing prep work to resume

A man wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, April 28, 2020. Asian shares are mixed Tuesday as governments inch toward letting businesses reopen and central banks step in to provide cash to economies. (AP Photo/Vincent Yu) Asian shares are mixed

A currency trader stretches at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 27, 2020. Asian stock markets have gained after Japan’s central bank promised to buy more government bonds to support financial markets as investors look to central bankers to shore up the struggling global