Shares advanced in Europe and Asia on Wednesday after a rebound for Nvidia offset weakness on Wall Street.
Germany's DAX surged 0.8% to 18,482.00 while the CAC 40 in Paris was up 0.1% at 7,672.76. In London, the FTSE 100 gained 0.5% to 8,291.45.
Full StoryOpen markets and green technologies are vital for stabilizing global growth, China's premier said Tuesday, while criticizing trade tensions as he opened a conference in northeastern China.
Premier Li Qiang told political and business leaders attending the World Economic Forum Annual Meeting of the New Champions, also known as the "Summer Davos," that China is on track to attain Beijing's growth target this year of 5%.
Full StoryEuropean markets opened with gains and Asian benchmarks retreated Monday after U.S. stocks coasted to the close of their latest winning week.
The future for the Dow Jones Industrial Average edged 0.1% higher and that for the S&P 500 rose 0.2%.
Full StoryChina and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles, officials from both sides say.
China's Commerce Ministry and Germany's economy minister said over the weekend that each side was willing to hold talks on the issue. Meanwhile, Chinese state media said Monday that Beijing is pushing for the EU to give up plans to sharply raise provisional tariffs on imports of Chinese-made electric vehicles by July 4.
Full StoryThe promises are appealing -– and expensive.
Vying to oust the centrist government of President Emmanuel Macron in an upcoming two-round parliamentary election June 30 and July 7, French political parties of both the far right and far left are vowing to cut gasoline taxes, let workers retire earlier and raise wages.
Full StoryCab drivers and bikers tap away furiously on their mobile phones as they wait at red lights in the Iranian capital during an early June heatwave. Some pedestrians in Tehran are doing the same. They all believe they could get rich.
The object of their rapt attention? The "Hamster Kombat" app.
Full StoryThe IMF executive board approved a new loan program with Tanzania worth around $786 million on Thursday to help it "build resilience to climate change," and also unlocked the latest tranche of money under an existing agreement.
The new 23-month loan program "will support Tanzania's ambitious reform efforts to implement climate policy reforms that address risks and challenges associated with climate change and enhance the resilience of the Tanzanian economy," the IMF said in a statement announcing the board's decision.
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French Finance Minister Bruno Le Maire on Friday insisted France would slash the public deficit to below three percent of GDP by 2027, after the EU reprimanded Paris for breaking budget rules.
Full StoryGlobal shares were mostly lower Friday after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
France's CAC 40 dipped 0.1% to 7,661.64 and Germany's DAX fell nearly 0.2% to 18,227.44. Britain's FTSE 100 declined 0.3% to 8,251.91.
Full StoryFormer President Donald Trump's new proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers, though major questions remain about the impact of the policy and how it would work.
What's certain is that a change in the taxation of tips would affect millions. The U.S. Bureau of Labor Statistics estimates there are 2.24 million waiters and waitresses across the country, with tips making up a large percentage of their income.
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