The prospect of former Federal Reserve boss Janet Yellen becoming the next US Treasury Secretary is "good news" for the US and the world, ECB vice president Luis de Guindos said Wednesday.

The United States Agency for International Development (USAID) has launched its newest assistance activity in Lebanon, the Agriculture and Rural Empowerment (ARE) activity during a virtual event.

The event was held in the presence of U.S. Ambassador to Lebanon Dorothy Shea and USAID/Lebanon Mission Director Mary Eileen Devitt, and attended by representatives from agricultural and agri-food industries, small- and medium-sized enterprises, governmental organizations, universities, local and international development groups, and other donors.

Stock markets mostly rose Tuesday as news that Donald Trump's team will now work with Joe Biden ahead of his inauguration built on optimism that vaccines could soon be rolled out around the world.

A wave of mergers is sweeping across the Spanish banking sector as lenders face up to a pandemic-induced recession, ultralow interest rates and growing competition from financial technology startups.

China will consider joining a free trade pact once championed by the U.S. but abandoned by Donald Trump, President Xi Jinping said, as Beijing increasingly seeks to influence the global rules of commerce.

Britain's finance minister Rishi Sunak on Sunday warned that the British economy was under "enormous strain" because of the coronavirus, ahead of a government spending review next week

G20 leaders will pledge to "spare no effort" in ensuring fair distribution of coronavirus vaccines worldwide, and reaffirm support for debt-laden poor countries, according to a draft communique seen by AFP Sunday.

U.S. President Donald Trump on Friday made a rare appearance at a virtual Asia-Pacific summit, touting his commitment to work towards "peace and prosperity" in the region, as China's Xi Jinping used the forum to counter American protectionism.

Airlines need up to another $80 billion to survive, the head of the industry's trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.

Stocks mostly retreated Thursday as a global rally fuelled by vaccine optimism petered out owing to the brutal reality of surging infections that are forcing fresh lockdowns and threatening to shock the global economy again.