Russia, Ukraine fail to clinch gas deal - Outgoing ECB head Draghi urges 'more Europe' - US-China tariff war hurts Maine's lobster industry
Christine Lagarde has stepped down as managing director of the International Monetary Fund, saying she now has more clarity on her nomination to be the next head of the European Central Bank.
The ECB has kept its benchmark refinancing rate at zero, as it weighs up risks to the economy from Brexit and trade disputes. ECB chief Mario Draghi said the eurozone's current economic indicators were "weak."
The US move to reimpose sanctions on Iran and choke off the last remaining sources of Tehran's oil revenue has crippled the Iranian economy. For many ordinary Iranians, it's becoming increasingly hard to get by.
European Central Bank chief Mario Draghi has warned that weaker growth in the global economy will continue to be felt in Europe. The ECB, which kept key interest rates on hold, is unlikely to raise them until the summer.
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