News from Around the World

Media Title
Students and trade unions demonstrate in Rome against government budget cuts on Thursday. Photo: EPA

Italy Suffers Recession Alone in Economic, Political Isolation

Italy’s recession at the end of 2018 was almost unprecedented among the euro area’s major members and provided further evidence of the self-inflicted damage to the economy.


OECD, G20 members like India & China should not get special rights: US to WTO

NEW DELHI: The US has proposed withdrawal of special rights and exemptions for emerging economies such as India and China, which are members of the Organisation for Economic Cooperation and Development (OECD), Group of 20 (G20), classified as “high income” by the World Bank or account for more than 0.5% of global merchandise trade.

FILE - The World Bank logo is seen on the building of the Washington-based global development lender, in Washington, Jan. 17, 2019. Share  Print

Lebanon Nominates Challenger to Trump's Choice to Lead World Bank

WASHINGTON — Lebanon has nominated investment banker Ziad Hayek as a candidate for president of the World Bank, mounting the first challenge to U.S. President Donald Trump's choice to lead the development lender, Hayek said in a Twitter post on Tuesday.

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.

Source: Citigroup

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.

China's official growth rate is a lot stronger than those of most major economies, but many analysts doubt its accuracy.

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.

Wholesale market in Karachi. Photographer: Asif Hassan/AFP via Getty Images

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.

Venezuelan opposition leader and self-proclaimed interim president Juan Guaido speaks during a meeting with supporters to present a government plan of the opposition in Caracas, Venezuela January 31, 2019. REUTERS/Carlos Garcia Rawlins

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.

BB&T is merging with SunTrust, in a deal worth some $66 billion. Here, people walk past a BB&T branch in a file photo from Washington, D.C. Chip Somodevilla/Getty Images

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.

U.S. Trade Representative Robert Lighthizer speaking beside Treasury Secretary Steven Mnuchin during last week’s meeting between President Trump and Chinese Vice Premier Liu He. PHOTO: CARLOS BECERRA/BLOOMBERG NEWS

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.