The Lebanese pound sank to a new low on the black market on Monday, with no end in sight to the economic and political crisis gripping the country.

According to apps monitoring the black market rate, the pound was trading at 29,000 to the dollar on Monday afternoon, a record low.

Top oil producing countries on Monday picked Kuwaiti oil executive Haitham al-Ghais as the next secretary general of the Organization of the Petroleum Exporting Countries (OPEC).

U.S. President Joe Biden will meet virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show the administration is trying to combat inflation.

Tesla said Sunday it delivered nearly one million vehicles in 2021, almost twice as many as in the previous year, results that were better than expected despite global supply challenges. 

Stock markets rose Monday in the first trading day of 2022 following stellar performances last year, as investors keep an eye on the coronavirus pandemic, inflation and looming central bank rate decisions.

Turkey's consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdogan's unorthodox battle for his developing country's "economic independence."

Turkey's annual inflation rate surged to its highest level since 2002 in December, official data showed Monday, after a currency crisis sparked by President Recep Tayyip Erdogan's unconventional economic policies.

Turkey's currency crisis turned increasingly political on Thursday after a top minister urged citizens to sue economists who comment on social media about the lira's slide.

European stock markets rose slightly Thursday in quiet end-of-year trading as the Omicron variant dominates sentiment. 

Aviation giant Emirates said Thursday it expects business to grow next year despite the surge in global coronavirus cases fuelled by the Omicron variant.

The Dubai-based carrier said in November it was already on the path to recovery as six-month losses dropped by more than half from a year earlier.