IMF Director: Global trading system threatened

International Monetary Fund (IMF) Director-General Christine Lagarde said today that the world trade system is threatened by the forces it wants to undermine. Warning that resorting to trade protection policies would be a serious mistake. Lagarde mad

Global mergers and acquisitions reach $ 2 trillion

Global mergers and acquisitions (M & A transactions) have already reached $ 2 trillion since the beginning of 2018, a record level of transaction value for the year, Thomson Reuters data showed on Tuesday. A series of deals at the beginning of t

Inflation in Germany stabilized at 1.6% last month

Berlin Germany's inflation rate stabilized last April at the previous estimate, data from the German Federal Statistics Office showed Wednesday. The inflation rate in April last 1.6% per annum, the same rate as in March, and the same rate as an

Railway workers strike worsens in France

Travelers across France are facing major delays on Monday after French rail company SNCF warned that service was worse than usual with unions calling for a "day without railway workers." Only one of every three high-speed trains is schedul

US-China trade talks to resume next week in Washington

Chinese Vice Premier Liu Hee will head to Washington next week to resume talks with the United States and avoid a trade war between the two countries, the White House said Monday. Liu, who is close to President Xi Jinping, who oversees the economic

Marathon Petroleum buys Endeavor for $ 23 billion

Marathon Petroleum said yesterday it will buy its rival Endeavor for more than $ 23 billion to set up a company that surpasses Valero Energy Corp. as the world's largest energy refinery. The deal, made up of cash and Endeavor shares, is estimate

DP World and Virgin to build high-speed rail systems

Dubai Ports World announced today that it has reached an agreement with Virgin HyperloverOne to launch a global company to build high-speed rail systems to transport passengers and goods. Officials say the system needs investments of tens of billion