News from Around the World

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Algerian President to Resign, Yielding to Protests

Algerian President Abdelaziz Bouteflika will step down as head of this major energy-exporting nation by the end of his term this month, as the ailing leader bowed to weeks of protests demanding his resignation after two decades in office.

CREDIT: Nicolas Asfouri

Treasury yields rise amid strong China data, progress in trade talks

U.S. government debt prices were lower Monday, as investors monitored strong manufacturing numbers out of China.


Brexit: Theresa May vows to stand down if deal is passed

Theresa May has promised Tory MPs she will quit if they back her Brexit deal.


IMF chief joins calls for big tech firms to pay more tax

The managing director of the International Monetary Fund has joined the growing clamour to further tax tech firms Google, Facebook and Amazon as part of a wider review of “outdated” global corporation tax rules.


Italy Signs Up to China’s Global Infrastructure Plan Despite U.S. Ire

ROME—Italy and China signed an agreement to cooperate on Beijing’s global infrastructure plan, the Belt and Road Initiative, sealing an accord that has alarmed Italy’s U.S. and European allies.

Israeli Prime Minister Benjamin Netanyahu (right) had pressed Donald Trump (left) to formally recognize Israeli control of the Golan Heights. AP

Trump reverses US policy, endorsing Israeli control of Golan Heights

President Donald Trump endorsed permanent Israeli control of the disputed Golan Heights, saying on Thursday that the area seized from Syria in the 1967 Arab war is "of critical strategic and security importance" to Israel.

REUTERS/Yves Herman

UK's Corbyn says he will try to renegotiate Brexit deal

BRUSSELS (Reuters) - British Labour opposition leader Jeremy Corbyn said after meeting the EU’s Brexit negotiator that he will push ahead with Brexit and seek to renegotiate the terms of the divorce deal.


Fed May Retain Bias to Hike Interest Rates: Decision-Day Guide

Federal Reserve Chairman Jerome Powell says the central bank has no bias in whether its next move is up or down, but his colleagues may deliver a more hawkish message.


Trump Administration Officials Clash Over Relief for Venezuelan Immigrants

WASHINGTON—As an embattled Nicolás Maduro clings to power in Venezuela, the Trump administration has deadlocked over one of its remaining options for bolstering the opposition and pressuring Mr. Maduro, according to American officials and an administration email exchange.

Faisal Al Nasser | Reuters

OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June

OPEC and other major oil producers on Monday canceled a meeting planned for April, a move that leaves the alliance’s price-boosting production cuts in place until at least June.