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OPEC+ expected to extend oil supply cuts

The OPEC+ alliance of oil exporting countries will decide Thursday whether to put off plans to pump more crude amid sluggish demand and competing production from non-allied countries -- factors that could keep oil prices stagnant into next year.

Key beneficiaries of that would be U.S. motorists, who have seen gasoline prices fall to their lowest in 2 1/2 years to near $3 a gallon.

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Macron meets bin Salman: Lebanon at the 'heart of the discussions'

President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman signed a strategic partnership on Monday aimed at deepening bilateral ties and de-escalating conflict in the Middle East, including Lebanon, where the two leaders called for presidential elections.

The French leader arrived in Saudi Arabia on Monday for a three-day state visit just as a political crisis threatens to topple the French government.

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Inflation in Europe won't stop central bank from cutting interest rates

Inflation in the 20 countries that use the euro currency rose in November — but that likely won't stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth.

The European Union's harmonized index of consumer prices stood up 2.3% in the year to November, up from 2.0% in October, the EU statistics agency Eurostat reported Friday.

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Thousands of workers walk across Italy demanding better pay and services

Thousands of teachers, health care workers, trash collectors and others walked off their jobs across Italy on Friday to protest a decline in spending power, persistently low salaries and government policies they say have weakened public services.

Italy's most powerful trade unions called the eight-hour strike and mobilized marches in cities across the country to target Premier Giorgia Meloni's latest budget that they say penalizes schools, health care and other services. They also are pressing for a more equitable distribution of profits from private companies to workers.

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China's aging population fuels 'silver economy' boom, but profits can prove elusive

Every Wednesday, retiree Zhang Zhili travels an hour by bus to an education center, drawn by the pulsing rhythms of the African drum she plays there in a classroom filled with fellow retirees whose hands move in unison, every beat lifting her spirits.

Zhang, 71, has found joy and new friends at the "elderly university" in Beijing. Besides African drums, the former primary school teacher joins social dance classes, paying about 2,000 yuan ($280) for two courses this semester. Seeing herself standing tall in dance class boosts her confidence. After class, she hangs out with her friends.

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EU widens sanctions on Iran over support for Russia

The European Union on Monday widened sanctions against Iran over its support for Russia's war on Ukraine, including targeting vessels and ports used to transfer drones and missiles.

The 27-nation bloc agreed to prohibit any transaction with ports "used for the transfer of Iranian UAVs or missiles or related technology and components to Russia," said a statement issued as EU foreign ministers met in Brussels.

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War costs Lebanon $5 billion in losses, damages 100,000 homes

More than a year of clashes that escalated into war in September have cost Lebanon more than $5 billion in economic losses and damaged nearly 100,000 housing units, the World Bank said Thursday.

The World Bank report provided estimates for damage between October 8, 2023, and October 27, 2024, saying "the conflict has caused $5.1 billion in economic losses" and that it "damaged an estimated 99,209 housing units" -- mainly in Lebanon's war-torn south.

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Israel announces $5.2 billion fighter jet deal with Boeing

Israel says it has reached an agreement to purchase 25 advanced F-15 fighter jets from U.S. aerospace giant Boeing for $5.2 billion.

The Defense Ministry said the agreement, concluded Wednesday, was part of a broader aid package approved by the U.S. government earlier this year. Deliveries will begin in 2031, and there’s an option for the purchase of an additional 25 aircraft.

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Iran's currency falls to all-time low as Trump clinches US presidency

Iran's currency fell on Wednesday to an all-time low as former President Donald Trump was on the verge of clinching the U.S. presidency again, signaling new challenges ahead for Tehran as it remains locked in the wars raging in the Middle East.

The rial traded at 703,000 rials to the dollar, traders in Tehran said. The rate could still change throughout the day. Iran's Central Bank could flood the market with more hard currencies as an attempt to improve the rate, as it has done in the past.

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'War ruined me': Lebanon's farmers mourn lost season

Lebanese farmer Abu Taleb briefly returned to his orchard last month to salvage an avocado harvest but ran away empty handed as soon as Israeli air raids began.

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