News from Around the World

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.

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.

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.

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.

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.

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.

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.

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.

As Herman Cain Bows Out of Fed Contention, Focus Shifts to Stephen Moore

WASHINGTON — President Trump announced Monday that Herman Cain, one of his two embattled picks for the Federal Reserve Board, had withdrawn his name from consideration, even as his second candidate came under new scrutiny over his attitudes toward women.

Deutsche Bank, Crosstown Rival Commerzbank End Deal Talks

Banking giant Deutsche Bank AG DB -1.41% and its crosstown rival Commerzbank AG CRZBY -3.15% Thursday ended merger talks, leaving in tatters the German government’s hope to shore up both banks and create a domestic banking powerhouse.

The CEOs and chairmen of both banks met Thursday morning in Frankfurt to seal the decision, a person familiar with the meeting said. Deutsche Bank had been leaning toward pulling out of negotiations for the past week, daunted by the costs and intricacies of combining the banks and difficulties convincing shareholders of the upside, people close to the discussions say.