The Libyan National Oil Company announced Friday the resumption of oil production and exports after a nearly six-month shutdown due to conflict dividing the country.

Oil output hit a nine-year low last month as producers reacted to the plunge in demand triggered by the coronavirus crisis, the IEA said Friday, but output is now set to recover.

While the Paris-based International Energy Agency warned that the resurgence of the coronavirus in parts of the world injected added uncertainty into forecasts, it sees the market turning a corner.

After a painful four-month tourism shutdown that ended this week, Dubai is betting pent-up demand will see the industry quickly bounce back, billing itself as a safe destination with the resources to ward off coronavirus.

The COVID-19 pandemic could push 45 million people from the middle classes into poverty in already economically troubled Latin America and the Caribbean, the United Nations said on Thursday.

Stock markets broke out of their earlier lethargy on Thursday to take a dive as investors worried about the damage new outbreaks of coronavirus might do to efforts at reviving the world economy.

Joe Biden unveiled a sweeping $700 billion plan Thursday to help the battered U.S. economy recover from the coronavirus crisis, a direct challenge to Donald Trump's "America First" agenda as they square off in the presidential race.

Another 1.3 million U.S. workers filed for unemployment benefits last week, continuing the slowdown in the pace of layoffs, the government reported Thursday.

Former Nissan Motor Co. Chairman Carlos Ghosn wired more than $860,000 to a company linked to one of the men accused of helping smuggle him out of Japan in a box last year, U.S. prosecutors said in a new court filing.

The UK government on Wednesday unveiled a package worth £30 billion ($37 billion, 33 billion euros) to save jobs and help the young into work to kickstart the coronavirus-hit economy.

The lines snaked around the block. Then they swelled to fill the whole street, before they turned into a raucous mob of men shoving to the front of the line. There at the exchange bureau, they could buy rationed dollars, the hottest commodity in Lebanon.

The small country's financial meltdown has thrown Lebanese into a frantic search for dollars as their local currency's value evaporates. To get the precious hard currency, they must navigate labyrinthine regulations, exploiting any loopholes they can to rescue their earnings.