The Chancellor of the Exchequer Rishi Sunak has warned of tough economic times ahead even as he tries to reinforce Boris Johnson's message of a graduated return to normalcy.

President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week.

Fresh rounds of pandemic-related lockdowns dampen hopes for a global economic recovery.

Pakistan says it has managed to flatten the COVID-19 curve by a remarkable recovery from the pandemic.

Iran’s currency rial recoups some of record losses by surging nearly 10 percent against the US dollar.

Days after a massive blast in Beirut, Lebanese are coming together as part of volunteer organizations to assist stricken communities.

European lawmakers have condemned cuts to the EU's long-term 1.1 trillion euro budget. They also criticized the lack of control over how the bloc's new 750 billion euro COVID-19 recovery fund will be spent.

An EU summit to agree a huge coronavirus economic rescue package could collapse Merkel warns.

Economic institute Ifo says the German economy is gradually recovering after a slump caused by the pandemic.