ECB to decide on Italian budget - China issues US travel warning - Worldbank slashes global growth forecast
China's economic growth slowed to 6.2% in the second quarter — the weakest pace since 1992. But the numbers may not be as gloomy for the world's second-largest economy as they appear, says Wang Tao from Swiss bank UBS.
US President Donald Trump and Chinese leader Xi Jinping have agreed to restart trade talks. The US also confirmed it would not slap additional tariffs on Chinese exports for now.
Brussels has asked the Italian government to explain its lack of progress in reducing debt. Italy's populist government is accused of exposing the bloc to financial problems by ignoring budget discipline rules.
The number of arrivals from China to the US fell last year for the first time in 15 years. The Chinese are the world's highest-spending foreign visitors and their tourism dollar is sorely missed.
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