The European Union is considering a new set of sanctions totaling 11 billion euros against Russia and some third countries providing vital goods that Moscow uses to boost its troops on the battlegrounds in Ukraine.

European Commission President Ursula von der Leyen said Wednesday that the package under consideration by the EU's 27 member countries specifically seeks to deprive Russia of military equipment it needs and cannot get anywhere else.

Billionaire Elon Musk said Wednesday that he anticipates finding a CEO for Twitter "probably toward the end of this year."

Speaking via a video call to the World Government Summit in Dubai, Musk said making sure the platform can function remained the most important thing for him.

An Egyptian widow is struggling to afford meat and eggs for her five children. An exasperated German laundry owner watches as his energy bill jumps fivefold. Nigerian bakeries have shut their doors, unable to afford the exorbitant price of flour.

One year after Russia invaded Ukraine on Feb. 24, 2022, and caused widespread suffering, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world that was already contending with too much of both.

Demonstrators in northern Lebanon on Wednesday blocked several roads in protest at the unprecedented dollar rate surge and the dire economic situations.

Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations.

Experts say the deals could be a win-win for all sides, but unlike old Gulf largesse of unconditional aid, the new deals will require reforms.

Iranian President Ebrahim Raisi arrived in China on Tuesday for a three-day visit, flanked by a large delegation including his central bank chief and ministers for trade, the economy and oil.

Europe's economy will grow more than previously forecast this year as it avoids a winter recession, with inflation expected to ease as gas prices have fallen, the European Commission said Monday.

There are “contacts” aimed at persuading Lebanon’s partially-closed banks not to suspend all services, a media report said on Monday.

Central Bank Governor Riad Salameh on Friday defended himself anew in the face of a host of accusations.

“The lawsuits targeted against me are unfounded and I have submitted audited official documents,” Salameh said in an interview with Asharq TV.

Lebanon's battered commercial banks on Tuesday closed their doors to customers in protest of a recent court ruling that forced one of the country's largest banks to pay out two of its depositors their trapped savings in cash.

The Association of Banks in Lebanon, which lobbies for the banks, released a statement calling the action an "open-ended strike" and criticized the court ruling, claiming it was detrimental to all depositors, because the banks cannot afford to pay out everyone else's savings in full.