A decade after Libya descended into chaos, a host of countries are eyeing potential multi-billion-dollar infrastructure projects in the oil-rich nation if stability is assured.

Spain said Tuesday it had received its first tranche of funds amounting to 9 billion euros from the European Union's multi-billion-euro coronavirus fund.

Purchases of vehicles plunged in July, sending U.S. retail sales down a surprising 1.1 percent, the government reported Tuesday, a far bigger drop than analysts were expecting.

Millennial Money: 3 things to do before you buy crypto

By SARA RATHNER of NerdWallet undefined

The Public Works Parliamentary Committee, the caretaker ministers of energy and finance, Electricite du Liban, the private oil companies and the state-run oil facilities held a meeting Tuesday in the presence of a central bank representative, al-Jadeed TV said.

The army has seized fuel from gas stations to curb hoarding amid crippling shortages, as the central bank chief stood firm on his decision to scrap fuel subsidies.

Lebanon is grappling with a financial crisis branded by the World Bank as one of the planet's worst since the 1850s.

Michael Hamati emerged from a long queue at a Beirut bakery sweat dripping from his forehead, as Lebanon's economic collapse sparks increasing shortages including over bread.

Severe fuel shortages and wide power cuts have paralyzed Lebanon, with some businesses temporarily closing down as top security officials met to discuss the situation.

Lebanon has for decades suffered electricity cuts, partly because of widespread corruption and mismanagement. The Mediterranean nation of 6 million, including 1 million Syrian refugees is near bankruptcy.

Greece's economy will weather the twin blows of the Covid-19 pandemic and massive wildfires this year, aided by better-than-expected tourism arrivals, the finance minister said Friday.

Russian oil giant Rosneft on Friday reported a leap in second quarter earnings, benefiting from an increase in global crude price.