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As US stocks hit records, experts see the dollar falling further
While the US stock market has fully recovered from a spring rout, the relentless drop in the dollar is prompting currency experts to warn of greater financial market turmoil ahead. According to the ICE US Dollar Index, a basket of seven currencies, the dollar fell 10.7 percent through the end of June, the biggest drop in the first six months of a year since 1973.
World Bank's IFC ramps up investment amid global uncertainty
While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities. The Washington-based IFC -- the World Bank's private sector arm -- mobilizes private capital and provides financing to support businesses across emerging economies.
Trump wins major victory as flagship bill passes Congress
US President Donald Trump on Thursday secured a major political victory when Congress narrowly passed his flagship tax and spending bill, cementing his radical second-term agenda and boosting funds for his anti-immigration drive.
UN expert says firms 'profiting' from 'genocide' of Palestinians
UN rights expert Francesca Albanese on Thursday denounced companies she said "profited from the Israeli economy of illegal occupation, apartheid, and now genocide", in a report that provoked a furious response from Israel. - 'Profited from the violence' - Albanese told journalists she had contacted all 48 companies named in her report, entitled "From economy of occupation to economy of genocide".
South American bloc looks to Asia, Europe in face of Trump trade war
South America's Mercosur bloc sought Thursday to expand its markets in the face of US President Donald Trump's global trade war, with Brazil calling for closer ties with dynamic Asian economies. Lula said that under his leadership, Mercosur would aim to "strengthen inter-bloc trade with external partners" and to implement a landmark trade agreement with the European Union.
Hidden gem: Angola opens up to tourists in a pivot from oil
When Feliesiano Muteca started surfing a decade ago, he had the waves at Cabo Ledo on Angola's long Atlantic coastline pretty much to himself. These include Cabo Ledo, where Muteca is a qualified surfing instructor with the sport's accredited body.
US trade deficit widens in May as Trump tariffs fuel uncertainty
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains. US exports, meanwhile, dropped by 4.0 percent to $279.0 billion, with declines largely seen in industrial supplies and materials, the report showed.
Joy riders give Paris bike share system a flat
Paris's public bike sharing system, Velib, is losing more than 600 bicycles per week to joy riders, threatening to overwhelm the scheme and leaving users frustrated, its operator said Thursday. "At the moment, we're missing 3,000 bikes" out of the fleet of some 20,000 regular and electric bicycles, said Sylvain Raifaud, head of the Agemob company that currently operates the Velib system.
Modi pushes further India-Africa cooperation on Ghana visit
Indian Prime Minister Nerendra Modi on Thursday outlined plans for deeper ties between his country and Africa, as New Delhi increasingly vies for a stronger economic presence on the continent along with China and Russia.
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