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Secretive Global Group Gathers in US to Mull Trump Era

A secretive group of global power brokers including politicians, bankers, business titans and European royalty gather behind closed doors starting Thursday to debate the merits of Donald Trump's fledgling US presidency.

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German Unemployment Hits New Low in May

Unemployment in Germany hit a new historic low in May, official data showed on Wednesday, in a sign that Europe's largest economy remains in rude health.

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Japan's Ultra-Low Jobless Rate Masks Grim Reality

Japanese employers are scrambling to find staff, unemployment is at its lowest level in more than two decades and the labour market is tighter than it was during Japan's booming bubble economy years.

This should be great news for the world's number three economy, but analysts are warning not to pop the champagne quite yet because it is mostly due to a shrinking labour force. And many jobs are temporary and pay very little.

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Saudi Aramco-Hyundai in $5.2 bn Shipyard Deal

Saudi Aramco is to build the region's biggest shipyard in a $5.2 billion joint venture with South Korea's Hyundai Heavy Industries and others, the partners said on Wednesday.

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Modi Urges Spanish Firms to Invest in India

Indian Prime Minister Narendra Modi on Wednesday urged Spanish firms to invest in India, saying the fast-growing country offered "many opportunities" in areas ranging from tourism to energy.

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Brexit Fuel on Paris Property Price Fire

Prices for real estate in Paris are set to reach new records this summer, as buyers -- many of them Britons -- scramble to get their hands on flats in the French capital's most well-heeled districts, a survey of notaries showed on Tuesday.

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Ministers Paint Stark Picture of Syria Economy

With oil production at its lowest in years, a total halt in phosphate exports and power generation sharply reduced, Syria's economy is on its knees, government ministers have said. 

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Spain Raises 2017 Growth Forecast

Spain's economy minister on Tuesday raised the government's growth forecast for 2017 to "around three percent" from 2.7 percent due to a stronger-than-expected performance at the start of the year.

"We started this year at cruising speed, which indicates growth will be around three percent," Luis de Guindos told lawmakers during a debate on this year's budget.

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Asia Markets Lower, Euro Hit by Draghi Comments

Most Asian markets fell in holiday-thinned trade on Tuesday, with dealers keeping tabs on a developing scandal around Donald Trump's administration.

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British Airways Flights Disrupted for Third Day after IT Crash

Passengers faced a third day of disruption at Heathrow on Monday as British Airways canceled short-haul flights after a global computer crash that unions blamed on the outsourcing of IT services to India.

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