News from Around the World

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 FILE PHOTO: World Bank Group President David Malpass and IMF Managing Director Christine Lagarde at the IMF and World Bank's 2019 Annual Spring Meetings, in Washington, U.S. April 13, 2019. REUTERS/James Lawler Duggan

World Bank's new president skips China's Belt and Road for Africa trip


David Malpass, fresh from a senior Trump administration post at the U.S. Treasury Department, is instead making his first foreign trip as the World Bank’s leader to sub-Saharan Africa to highlight his vision for the bank’s poverty reduction and development agenda.

economist

Spain’s Socialists win the election, but need to find allies


BACK LAST May when he filed the censure motion that brought him into office, Pedro Sánchez brushed off demands for an immediate election.

© Reuters

Venezuela’s Juan Guaidó calls for uprising against Nicolás Maduro


Juan Guaidó, Venezuela’s opposition leader, called for an uprising against the government of Nicolás Maduro on Tuesday and indicated he had military support.

Iran Oil Minister

Nations using oil as a weapon threatens OPEC: Iran oil minister


GENEVA (Reuters) - Any country using oil as a weapon could cause the collapse of oil producer group OPEC, Iran’s Oil Minister Bijan Zanganeh said on Wednesday, according to SHANA, the news outlet of the oil ministry.

Dalio Says Something Like MMT Is Coming, Whether We Like It Or Not


Central banking as we know it is on the way out, and it’s “inevitable” that something like modern monetary theory will replace it, billionaire investor Ray Dalio said.

PHOTO: NIKKI RITCHER FOR THE WALL STREET JOURNAL

Facebook Building Cryptocurrency-Based Payments System


Facebook Inc is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its gigantic social network.

Sputnik News

China says it’s still preparing for US trade talks — but won’t give details after new Trump threats


China said Monday its negotiators are still preparing to travel to the U.S. for trade talks this week despite President Donald Trump threatening Beijing with increased tariffs.

REUTERS

Where now for the rules that rocked European finance?


Helping small and medium companies access capital markets was at the heart of Mifid II but more than 16 months on, bankers and regulators are worrying that Europe’s flagship securities-industry overhaul has become more of a problem than a solution.

via Economist

America raises tariffs on China, and the stakes in a trade war


MEETING IN WASHINGTON, Chinese and American trade negotiators made it through dinner without hurling the plates at each other. But there was no truce on the menu.

Aly Song/Reuters

China Retaliates Against the U.S. With Its Own Higher Tariffs


BEIJING — China moved to retaliate against the United States, announcing plans on Monday to raise tariffs on a wide range of American goods.