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Italy Turmoil Drags European Stocks Down

European stock markets and the euro dipped as chaos in Italy rattled investors who feared the nomination of a technocrat prime minister may fail on the long run to avert a eurozone crisis, analysts say.

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Turkey Central Bank Rate Overhaul Boosts Lira

Turkey's central bank said Monday it would complete moves to simplify monetary policy, sparking a strong rally in the country's currency.

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Oil Prices Dive but Trump-Kim Hopes Boost Asian Equity Markets

Oil prices extended losses in Asia Monday after Saudi Arabia and Russia signalled they could raise output, but indications that Donald Trump's summit with Kim Jong Un could be back on supported equity markets.

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Qatar Bans Saudi, UAE Goods from Stores

Qatar has ordered shops to remove goods originating from a group of Saudi Arabian-led countries which a year ago imposed a wide-ranging boycott on the emirate, Doha officials said Saturday. 

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Nigeria Wants to Stop being Lax about Tax

Paying income tax used to be a joke in Nigeria which, no wonder, has the worst tax to GDP ratio in sub-Saharan Africa.

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Iran Sanctions Shadow Falls on Smaller German Banks

Germany's biggest lenders have shied away from business with Iran after past penalties for breaching U.S. sanctions, but smaller banks have leaped on opportunities afforded by the nuclear deal rejected by Donald Trump.

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Fed-Up Spanish Cities are Bursting Airbnb's Bubble

Spain may be one of the world's top tourist destinations, but many people in its biggest cities have grown exasperated with Airbnb-style rentals.

And now, their city councils are taking action.

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Despite Efforts to Stop Lira Fall, Turks Still Worried

After the embattled Turkish lira weakened against the US dollar this week, Turks remain troubled over the economy despite the government's reassurances.

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Oil Drops as Saudis Signal Likely Supply Boost

Global oil prices fell Friday after top producer Saudi Arabia signaled a likely boost in supply as soon as the third quarter, and world stock markets were mixed over the sudden US move to cancel the summit with North Korea.

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China Denies Setting Target to Cut U.S. Trade Surplus

China said Thursday it has not set a target to cut its trade surplus with the US but will seek to increase imports after the two sides stepped back from a potential trade war.

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