News from Around the World

Media Title
Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer

WTO warns of global trade slowdown as indicator hits nine-year low


GENEVA (Reuters) - A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday.

‘Secret’ IMF Meeting With Erdogan’s Foes Draws Government’s Ire


The International Monetary Fund got caught in the political cross-fire in Turkey after what government officials called its “secret” meeting with opposition party representatives and dissident economists on Saturday in Ankara.

On a visit as part of the fund’s Article IV consultation, an annual economic assessment of each of its member countries, top IMF officials met with representatives of CHP and IYI opposition parties, according to reports over the weekend.