News from Around the World

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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.

David Malpass, President Donald Trump's expected pick to head the World Bank, has been a major player in trade talks with the Chinese. | Jacquelyn Martin/AP Photo

Trump picks World Bank critic Malpass to lead institution


President Donald Trump is expected to tap Treasury Department official David Malpass as the U.S. pick to lead the World Bank, according to senior administration officials, a clear sign the administration wants to rein in the international financial institution.

Amena Yahia Ahmed Dwally, technical manager for Solar Power Station, and Huda Salah, finance manager for Solar Power Station in Abs, Yemen. Photo by: Social Development Foundation

Solar power sales help women avoid food insecurity in Yemen


WASHINGTON — Solar panels are providing women in Yemen access to energy and a way to escape famine conditions that continue to threaten the country.

The city skyline seen through the Dubai Frame architectural landmark in Dubai, United Arab Emirates. Photographer: Christopher Pike/Bloomberg

U.A.E. Economy Starting to Recover From Lower Oil, IMF Says

View shows the African Development Bank in Abidjan. Photo by: REUTERS / Luc Gnago

Africa's 2019 economic outlook, according to AfDB


ABIDJAN — In recent years, African heads of state have frequently broadcast to the world that their continent is “open for business.” It has attracted more than $95 billion in foreign direct investment over the past two years.