News from Around the World

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 Eskinder Debebe / U.N.

What will it take to fix flailing SDG funding?


UNITED NATIONS – The international community is not acting fast enough to mobilize finance for the Sustainable Development Goals, experts gathered at the Financing for Development Forum told Devex.

Photographer: Ali Mohammadi/Bloomberg Business

Oil Jumps as U.S. Plans to End Iran Waivers After May 2 Expiry


Oil rose to the highest level in almost six months as the U.S. government was said to eliminate sanction waivers that allowed buyers to import Iranian crude.

Patrick T. Fallon/ Bloomberg

China Loses Market-Economy Trade Case in Win for EU and U.S.


  • WTO decision says China didn’t gain market-economy status

  • The verdict may help countries counter low-cost Chinese goods

The World Trade Organization decided that China didn’t automatically qualify for market-economy status in 2016 as Beijing has asserted, according to two people with knowledge of the case, handing a major victory to the European Union and U.S.

Mukesh Ambani visited Saudi Aramco's headquarters in Dhahran in February © Reuters

Saudi Aramco in talks to buy Reliance Industries stake


Saudi Arabia’s state energy group is in talks with Mukesh Ambani’s Reliance Industries to buy a minority stake in the Indian company’s refining and petrochemicals business, according to three people familiar with the discussions.

After Taxing Rescue, France Vows to Restore Notre Dame


More than 1,000 people were celebrating Mass inside Notre Dame Cathedral on Monday evening, listening to a Gospel reading while more than 100 feet above their heads, concealed by the famed vaulted ceilings, a canopy of fire was spreading.

PHOTO: SIMON DAWSON/REUTERS

Real Time Economics: Will the Economy Get Another Fiscal Boost?


One of the big unknowns for U.S. economic growth: federal spending. Lawmakers agreed to cap spending in 2011 as part of a bruising fight over raising the debt limit.

Getty Images

Trump welcomes Chinese trade negotiators amid border drama


Washington (CNN) - It could be a make-or-break week for the delicate trade negotiations between the United States and China as they drift further beyond the ambitious 90-day clock set last year by the leaders of the world's two largest economic superpowers.

PHOTO: RAMZI BOUDINA/REUTERS

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.

REUTERS

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.