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Trump: Not 'Thrilled' with Strong U.S. Dollar, Hurts Manufacturing

President Donald Trump said Thursday he is not happy with the strong U.S. dollar, which is hurting American manufacturing, and blamed the Federal Reserve for keeping interest rates too high.

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UK Embassy in Beirut Says Applications for Chevening Masters Scholarships are Open

Applications for Chevening Scholarships to study in the UK are open between 5 August and 5 November 2019, with applications to be submitted via www.chevening.org/apply, the British embassy in Lebanon said in a statement on Wednesday.

Chevening Scholarships are awarded to individuals with demonstrable leadership potential who also have strong academic backgrounds. The scholarship offers full financial support for future leaders to study for any eligible master’s degree at any UK university whilst also gaining access to a wide range of exclusive academic, professional, and cultural experiences.

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Trump Says Federal Reserve 'Must Cut Rates Bigger and Faster'

U.S. President Donald Trump on Wednesday kept up pressure on the Federal Reserve, demanding more stimulus as Wall Street looked set to tumble on economic fears.

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UniCredit Cuts Revenue Target amid 'Tough' Environment

Italian bank UniCredit cut its 2019 revenue target Wednesday, citing "a tough macroeconomic environment" marked in particular by low interest rates that undermine lending operations.

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India Central Bank Makes Fourth Rate Cut this Year as Growth Slows

India's central bank on Wednesday cut interest rates for the fourth time this year, as New Delhi battles sluggish economic growth and high unemployment.

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Housing 'Crisis' Tests Saudi Reform Drive

Saudi Arabia is building a futuristic megacity with promises of talking robots and flying taxis, but for hundreds of thousands like academic Abdullah a simple dream remains elusive -- owning a home. 

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Myanmar 'Categorically Rejects' U.N. Report on Army Business Empire

Myanmar hit back Tuesday at a report by U.N. investigators calling for tougher sanctions against the country's powerful military to squeeze its business empire, accusing the probe of trying to harm the country.

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Federal Reserve Says U.S. Interest Rates 'in Right Neighborhood'

The Federal Reserve has set U.S. interest rates "in the right neighborhood," but will watch how the economy reacts to factors like the trade war, James Bullard, a key member of the central bank policy board, told AFP on Tuesday.

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European Stock Markets Recover after Yuan-Fueled Rout

European stock markets recovered a bit Tuesday and Asian indices pared back heavy losses following a rout on Wall Street as investors fretted over the US-China trade war.

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China's Yuan Falls Further amid Trade War Fears

China allowed its yuan to fall further Tuesday and accused Washington of damaging the global economy, fueling fears about increasing damage from their trade war.

The yuan declined to 7.0562 to the U.S. dollar before strengthening to 7.0297 in the afternoon. That came a day after Beijing sent financial markets tumbling by allowing the currency to fall to an 11-year low, breaking through the politically sensitive level of seven to the dollar.

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