The World Trade Organization agreed Friday to establish a panel to help settle a row between Turkey and the EU over tariffs which the bloc has slapped on certain steel products.

Coca-Cola announced Friday it will cut 4,000 jobs in North America as part of a reorganization following a rough second quarter in which Covid-19 slashed profits.

Wall Street indices advanced at the open on Friday, on track for a healthy finish to a week that saw several record highs and a major Federal Reserve policy shift.

Tokyo's benchmark Nikkei index reversed earlier gains and closed down more than 1.4 percent Friday after reports said Japanese Prime Minister Shizo Abe was to resign for health reasons.

Switzerland has plunged into recession after the coronavirus pandemic caused a "historic" 8.2-percent slump in economic activity in the second quarter, official figures showed Thursday.

Argentina formally opened consultations with the International Monetary Fund on Wednesday to agree new terms on the repayment of a $57 billion bailout agreed in 2018.

Most markets in Asia slipped Wednesday as investors weighed worries about the economic impact of coronavirus and fresh outbreaks in some countries against signs it is easing in other parts of the world and hopes for a vaccine.

Lebanon's central bank governor warned in an interview published Tuesday that the bank cannot continue using its foreign currency reserves to finance trade, signaling he may soon be unable to sustain subsidies on basic goods.

In an interview with the French edition of the Saudi-owned Arab News, Riad Salameh said the central bank "is not the state" and cannot be blamed for everything.

A representative of Lebanon's hospitality sector said on Tuesday that service and tourism businesses would defy a newly reinstated coronavirus lockdown that has compounded the blast-hit country's economic woes.

Asian and European stock markets mostly rose Tuesday with investors reassured by news that China and the United States have agreed to press on with their trade pact, while hopes for a virus treatment provided extra support.