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German Inflation Slows in July

Inflation in Germany eased back slightly in July, preliminary data showed Monday, but still surpassed the level targeted by the European Central Bank.

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Eiffel Tower Strike Looms over Long Lines

Eiffel Tower workers are planning to strike this week over a new access policy for visitors which they say is generating "monstrous" waits at the famous tourist landmark, union officials said Monday.

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Iran's Rial Hits Record-Low 100,000 to the Dollar

Iran's currency hit a record low on Sunday of 100,000 rials to the dollar amid a deepening economic crisis and the imminent return of full U.S. sanctions. 

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Report: VW ex-Boss Winterkorn in Tax Evasion Probe

German prosecutors are investigating former Volkswagen boss Martin Winterkorn over suspicion that he may have evaded taxes, Bild am Sonntag reported.

Winterkorn was already in the sights of investigators looking at whether he failed to inform investors promptly about Volkswagen's emissions cheating scandal.

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On Trade Policy, Trump is Turning GOP Orthodoxy on Its Head

President Donald Trump's trade policies are turning long-established Republican orthodoxy on its head, marked by tariff fights and now $12 billion in farm aid that represents the type of government intervention GOP voters railed against a decade ago.

President George W. Bush increased the number of countries partnering with the United States on free trade agreements from three to 16. President Ronald Reagan signed a landmark trade deal with Canada that was later transformed into the North American Free Trade Agreement (NAFTA) and expanded to include Mexico. Both those Republican presidents also enacted tariffs, but their comments on trade were overwhelmingly positive.

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Calm Descends on Markets before US Growth Data

Global stock markets mostly rose Friday as calm descended before vital US data that is forecast to show surging growth in the world's biggest economy, dealers said.

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IMF Warns China against Aggressive Economic Stimulus

China must resist taking aggressive stimulus steps as it navigates troubled economic waters as they could add to excessive debt levels leading to an "abrupt adjustment", the International Monetary Fund said Friday.

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Facebook's Reality Check Sends Stock Reeling

It has turned into a brutal reality check for Facebook.

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No Extra ECB Help for Greece after Bailout Ends

European Central Bank chief Mario Draghi on Thursday said Greece was "not eligible" to benefit from the bank's massive monthly bond purchases after the debt-laden country exits its bailout program in August.

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Venezuela to Remove Five Zeroes from Currency

Venezuelan President Nicolas Maduro on Wednesday announced the removal of five zeroes from the country's currency -- two more than originally planned -- amid hyperinflation the IMF said could reach one million percent this year.

Maduro announced in a cabinet meeting that an "economic recovery" program involving "monetary reconversion" would commence August 20. 

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