Relations between the European Union and the British government soured badly on Tuesday after Downing Street indicated that Brexit talks were on the verge of collapse and blamed German chancellor Angela Merkel for their failure.
European Council President Donald Tusk responded by claiming that Prime Minister Boris Johnson had no intention of concluding a Brexit deal, and accused him of playing a "stupid blame game."
In the US-China trade war, it's been a week of rapid escalation. Beijing devalued the yuan after the Trump administration threatened to slap tariffs on just about every Chinese export. The United States then labeled China a "currency manipulator," deepening the rift.
The exchanges have rocked global markets and threaten the global economy. What happens next is anyone's guess.
China has said it is prepared to fight, if necessary. And i...
German Chancellor Angela Merkel has warned the Trump administration that hitting auto imports with new tariffs would have dire consequences.
''We now have tariffs on aluminum and steel and we have a discussion that is far more serious," Merkel told German lawmakers on Wednesday. "This is taking on the contours of a trade conflict — I don't want to use words that go any further. It's worth every effort to try and defuse this so that t...
Don't bet on bitcoin ever replacing the dollar or other traditional currencies as everyday money.
That's one of the messages from a new report by an organization that represents dozens of the world's central banks.
The group, Switzerland-based Bank for International Settlements (BIS), said the "intense interest" in bitcoin and other cryptocurrencies had prompted it to look "beyond the hype" at what use they could actually contribute t...