The former head of Spain's central bank was charged Monday for allegedly allowing the troubled Bankia bank to list on the stock exchange in 2011 "despite repeated warnings... that the group was unviable."

Europe's economic recovery remains on track but vulnerable to the "exceptional risks" of Brexit and the new Donald Trump administration, the EU said on Monday.

Brussels raised its growth forecasts for the eurozone through to 2018 but warned that the European Union as a whole was navigating "choppy waters".

The EU on Monday sharply improved its gloomy predictions for the British economy next year, admitting that the Brexit vote would have less impact than earlier thought.

China increased its steelmaking capacity last year by more than twice Britain's annual output, a report said Monday, despite repeated pledges to cut huge excess in the sector. 

China makes more than half the world's steel but a slowdown in its economy and sagging global demand has left the industry with massive excess capacity. 

International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for U.S. economic growth under President Donald Trump but warned it could herald trouble for the rest of the world.

Despite uproar created by the diesel emissions cheating scandal at Volkswagen, Ford and General Motors are poised to offer new or revamped diesel vehicles to their American customers.

It is a bold move, since only 255 diesel cars were sold in the U.S. market in January, compared to the 5,000 to 10,000 a month rate for most of 2015 -- before the VW scandal broke.

Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to "stop playing with fire" in the handling of his country's debt.

Opening a meeting of his Syriza party, Tsipras said he was confident a solution would be found, a day after talks between Greece and its creditors ended in Brussels with no breakthrough.

Egypt's annual inflation rate hit 29.6 percent in January, official figures showed Saturday, three months after the government floated the pound in line with an International Monetary Fund bailout.

Prices were rising even more quickly than in December, when inflation stood at 24.3 percent, the highest level since January 2011 when the Arab Spring uprising was at its height.

OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year. 

In its latest monthly report, the International Energy Agency estimated "a record initial compliance rate of 90 percent" to the landmark deal that came into effect in January.

The dollar extended a rally on Friday after Donald Trump said he would release details of a "phenomenal" tax-cut plan, sending Asian stock markets soaring on hopes it will ramp up the US economy.