Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value.

Sri Lanka announced a two-week ban on fuel sales for all non-essential services, starting from June 28, 2022, as the island nation faces its worst economic crisis in 70 years. Schools have also been shut to reduce the need for commuting, and the governmen...