VW executive sentenced to jail in US -IMF warns China about banking system - ECB to report on Basel bank reforms
High levels of corporate, government and household debt are undermining China’s financial stability, the IMF said in a report. It urged Beijing to halt credit-fueled growth and bulk up on banks' capital reserves.
The head of the world's biggest carmaker Volkswagen has issued an unprecedented call to end tax breaks for diesel fuel in Germany, saying the technology must make way for cleaner ways of driving.
Ahead of a key meeting with creditors in Caracas about $60 billion of debts, the president has insisted Venezuela will never default on its debt. Meanwhile, the EU has moved to impose sanctions including an arms embargo.
In its latest assessment and forecast for the world economy, the International Monetary Fund has been the bearer of some rare good news. Yet, while the global economy is enjoying strong growth, challenges remain.
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