News from Around the World

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REUTERS/KIYOSHI OTA/POOL

The IMF is worried that big tech could make the financial system less stable


The International Monetary Fund thinks big technology companies are going to dig deeper into the financial sector—a shift that could modernize things like payments and loans for millions of people. But it also raises concerns about data privacy and the concentration of power among a small number of mega-corporations.

PHOTO: DAVID MAUNG/EPA/SHUTTERSTOCK

Tariff Dispute Complicates U.S. Ties With Mexico


President Trump’s threat to impose tariffs on Mexico was averted by an immigration deal late Friday, but scrambles anew the already-delicate relationship between two neighbors struggling to resolve the trade and border issues that are top priorities for the White House.

© Reuters

Mario Draghi prepares fresh stimulus as economic fears grow


Mario Draghi is preparing to cut interest rates and embark on a fresh round of bond purchases before he leaves the European Central Bank this autumn, in a bid to boost the eurozone’s economy and combat mounting global uncertainty over trade.

PHOTO: JASON LEE/REUTERS

Fed’s Patience Tested as Trade Spat Clouds Growth Outlook


The recent escalation of the U.S. trade dispute with China is putting the Federal Reserve in a bind and complicates its make-no-moves policy posture.

Photographer: Wang Zhao/AFP

Emerging Markets Can't Evade a China Slowdown


U.S. measures to confront China on trade are shifting from tariffs to imposing restrictions on the activities of Chinese firms, which will have adverse consequences not only for the yuan but emerging markets overall.

AFP

Populists fall short of expectations in the European elections


THAT RIGHT-WING populism has gained ground in Europe in recent years is a well-established fact.

MAY

UK set for new PM as Theresa May quits


Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister.

FED

QE May Be Over, But the Fed’s U.S. Debt Hoard Is About to Soar


If you thought the Federal Reserve was done with quantitative easing, you might only be half right.

REUTERS

Google suspends Huawei from Android services


Google has dealt a blow to Huawei’s fast-growing consumer smartphone business by suspending the delivery of key software and technical services to the Chinese company, according to two people familiar with the situation.

(Mark Wilson/Getty Images)

World Bank's David Malpass talks 'decentralization' and private investment


WASHINGTON — World Bank President David Malpass outlined a growing country focus at the bank in a speech on Tuesday where he also called on governments to make structural reforms and to create the building blocks for successful private sectors.