News from Around the World

Africa's 2019 economic outlook, according to AfDB

ABIDJAN — In recent years, African heads of state have frequently broadcast to the world that their continent is “open for business.” It has attracted more than $95 billion in foreign direct investment over the past two years.

U.A.E. Economy Starting to Recover From Lower Oil, IMF Says

Solar power sales help women avoid food insecurity in Yemen

WASHINGTON — Solar panels are providing women in Yemen access to energy and a way to escape famine conditions that continue to threaten the country.

Trump picks World Bank critic Malpass to lead institution

President Donald Trump is expected to tap Treasury Department official David Malpass as the U.S. pick to lead the World Bank, according to senior administration officials, a clear sign the administration wants to rein in the international financial institution.

U.S. Trade Negotiators Heading to Beijing Next Week

WASHINGTON—The U.S. is dispatching its chief trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin to Beijing early next week to continue trade talks as a March 1 deadline to reach an accord nears, a senior Trump administration official said Tuesday.

BB&T And SunTrust To Merge, Forming 6th-Largest Bank In The U.S.

BB&T and SunTrust have agreed to merge into a new and as-yet-unnamed bank, in an all-stock deal valued at approximately $66 billion.

IMF still seeking member guidance on recognizing Guaido as Venezuela's leader

The International Monetary Fund is still awaiting guidance from its member countries on whether to recognize Venezuela’s opposition leader Juan Guaido as the country’s legitimate head of state, IMF spokesman Gerry Rice said on Thursday.

Imran Khan Pledges Deep Reforms as Pakistan Nears IMF Deal

Pakistan is close to a deal with the International Monetary Fund after nation’s Prime Minister Imran Khan pledged to carry out deep structural reforms of an economy that’s staring at a balance-of-payment crisis.

How bad is China's economic slump? It's impossible to tell

Hong Kong (CNN Business)- Companies and executives around the world are desperately trying to gauge the severity of China's economic slowdown. But getting a clear picture is very difficult.

Europe Looks Like the Real Weak Link in the Global Economy

For all the palpitations that the trade war between the U.S. and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global growth.