This year's Nobel laureate in economics is the British-American scientist Angus Deaton. The Princeton professor's work focuses on how people - especially the poor - decide how to spend their money and how policy can help them make better decisions.
US Treasury Secretary Steven Mnuchin said allies were warming to President Donald Trump's 'America first' trade policies, but allies disagreed. Other topics discussed included the Greek bailout and cybersecurity.
British-American economist Angus Deaton has won this year's Nobel Prize in Economic Sciences. The Royal Swedish Academy of Sciences said the award was announced in recognition of his analysis of poverty and welfare.
How long can we live in luxury? Ruhrtriennale arts festival director Johan Simons is driven by questions of globalization and inquality in an event that offers visions for the future.
Natural disasters drive tens of millions of people into poverty and also have a devastating impact on consumption, the World Bank has said. Climate change looked certain to amplify these effects, the lender argued.
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