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Dubai Cuts 2021 Budget as Pandemic Impacts Economy

Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel coronavirus pandemic.

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French Investigators to Question Carlos Ghosn in Lebanon

A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said.

The official gave no specific date or details of what information the investigators would seek from Ghosn.

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Tokyo Shares End Lower in Thin Holiday Trade

Tokyo stocks ended nominally lower on Friday after thin trade with overseas investors absent over the Christmas holidays.

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Turkey Hikes Main Interest Rate to 17%

Turkey's central bank on Thursday hiked its main interest rate to 17 percent in what economists greeted as a sign that the financially troubled country was embracing monetary orthodoxy once again.

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Pound, European Stocks Climb as Brexit Deal Expected

The pound and European stock markets rose Thursday with Britain and the EU finally expected to announce a post-Brexit trade deal.

Sterling was up around half a percent against the dollar and euro in early London deals.

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EU and UK Post-Brexit Trade Deal in Sight

The European Union and Britain could agree the terms of a post-Brexit trade deal within hours, European sources said Wednesday, as negotiators sought to hammer out the last details. 

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Lorry Drivers Scuffle with UK Police as Thousands Stranded

Angry lorry drivers confronted police Wednesday as thousands waited to take cargo across the Channel at an abandoned airfield in southeast England, complaining of poor facilities and lack of virus tests.

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Biden Says Will Push Congress for Another Covid Relief Bill

President-elect Joe Biden has said he will ask Congress for another Covid-19 relief bill when he takes office, insisting that Americans want Republicans and Democrats to work together again after Donald Trump goes.

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U.S. Jobless Claims Drop Sharply Latest Week

New applications for U.S. jobless benefits fell by 89,000 last week after two weeks of increases but remain high as Covid-19 cases have spiked, according to government data Thursday.

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Stocks Climb, Dollar Drops after Trump Stimulus Assault

Stock markets rose and the dollar fell Wednesday after U.S. President Donald Trump called a key US stimulus package "a disgrace" and told lawmakers to fix it.

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