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Mexico and US Engaged in Bitter Dispute over Sugar

A looming trade conflict with the United States over sugar is threatening to disrupt the livelihood of residents in sugar cane growing regions like the central Mexican town of Atencingo.

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U.S. Stocks Drop as Trump Woes Hit Sentiment

Wall Street stocks fell early Wednesday on worries about President Donald Trump's agenda following  reports that he tried to quash an FBI investigation.

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Euro Spurts Higher against Dollar

The euro shot higher to strike a six-month dollar high on Tuesday as the single European currency benefited from rising concerns across the Atlantic.

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Britain's State-Rescued Lloyds Bank Back in Private Hands

British bank Lloyds, bailed-out by the UK government at the height of the financial crisis, said Wednesday that it had returned to full private ownership.

"Lloyds Banking Group has... notified the market that the government's stake in the group has been reduced to zero; as such, the group has returned to full private ownership," it said in a statement. 

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Report: Ford to Cut 10% of Global Workforce

U.S. auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10 percent of its global workforce, the Wall Street Journal reported late Monday.

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Strikes Hit Greece ahead of Cuts Vote

Greek unions on Tuesday kicked off two days of labor action, shutting down ferries and news services ahead of a Wednesday general strike aimed at a new round of austerity cuts.

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Kuwait Backs Call to Extend Oil Output Cuts

Kuwait on Tuesday backed a call by top oil producers Saudi Arabia and Russia to extend a deal on crude production cuts for nine more months.

"Kuwait gives its full backing and support to the joint position of Saudi Arabia and Russia to extend the oil output cuts deal between OPEC and other producers until March 2018," Oil Minister Essam al-Marzouk said in a statement.

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IFP Group Launches “Beirut Boat 2017”

IFP Group (International Fairs and Promotions) announced that it is organizing the 10th edition of Beirut Boat, under the patronage of President Michel Aoun, at Marina Solidere, from 20 to 24 May 2017, a press release said on Tuesday.

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Russia, Saudi Call for Oil Output Deal Extension

The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead of an OPEC meeting later this month. 

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London Stocks Hit Record High on Rallying Oil Price

The London stock market soared Monday to a record high as the energy sector was boosted by jumping oil prices, while eurozone equities also forged higher.

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