A fresh economic crisis would leave Greek banks exposed and see their capital slide by billions, the European Central Bank said Saturday after publishing the results of a latest stress test.

The U.S. unemployment rate dropped to a fresh 17-year low in April as steady hiring persisted and the labor market continued to tighten in the world's largest economy, the government reported Friday.

Activist fund Elliott won Friday its weeks-long power struggle with Vivendi over Telecom Italia by wresting control of the company's board at a shareholder meeting held near Milan.

More than 1,100 U.S. economists signed a letter sent to President Donald Trump and to Congress on Thursday urging them to avoid repeating the mistakes that worsened the Depression in the 1930s.

Hong Kong banking giant HSBC said Friday that pre-tax profit dipped four percent to $4.76 billion in the first three months of the year owing to rising operating costs but added it would buy back $2 billion worth of stock.

Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels.

Newly arrived in the city of Tabriz in northwestern Iran, Corneilis Vamoorschot wanted to change his euros into rials, but quickly realized it wouldn't be a simple task.

Turkey's inflation rate edged up to almost 11 percent in April, official statistics showed Thursday, adding to fears that the economy is overheating less than two months ahead of elections.

Asian markets struggled Thursday following a sell-off in New York as investors keep an eye on top-level talks between China and the United States on trade, while the dollar's latest rally lost a little steam.

The EU's latest budget proposal handed French President Emmanuel Macron a small victory on Wednesday by including a watered down version of the young leader's idea of a eurozone budget.

The European Commission, the EU's executive arm, unveiled its massive 1.279-trillion euro budget for the next seven years with several innovations including cuts on farm spending and funding for countries that fail to respect democratic standards.