News from Around the World

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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.


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.


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.


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.


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.


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.


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.