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While disagreements are common between elected leaders and central bankers, they’re unusual in one-party, Communist-run nations. When they do happen, it’s usually the sign of a power struggle.
Turkey and the US held their largest joint military exercises in at least seven years, a sign of improving ties as President Recep Tayyip Erdogan seeks another meeting with Joe Biden next month.
At the BRICS summit in Johannesburg this week, a key item on the agenda was reducing dollar dependence across emerging markets. In bond sales, it’s already happening.
Wildfires of unprecedented intensity are forcing firefighters in Europe to rapidly adopt more sophisticated and unusual techniques.
Fortescue Metals Group Ltd. joined iron-ore mining peers in posting lower profits due to China’s economic downturn, and announced the sudden departure of the head of its metals division.
China Evergrande Group delayed key votes on its offshore-debt restructuring plan just hours before they were to occur Monday, adding to uncertainty in a protracted process to finalize one of the country’s biggest restructurings ever.
China’s Zijin Mining Group Co. is developing plans to expand its copper mine in eastern Serbia due to demand for the metal considered vital to the global energy transition — an effort that could cost billions of dollars.
Saudi Arabia is interested in discussions about joining Europe’s top football club tournament, the Champions League, as the kingdom spends hundreds of millions of dollars to attract some of the world’s best players and shake up the sport.
New Zealand’s government is tightening its belt as a domestic recession and concerns about China’s faltering economy erode tax revenue and strain its budget.
