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In blow to Mexican president, markets, finance minister quits over economic 'extremism'
Mexico’s moderate Finance Minister Carlos Urzua resigned on Tuesday with a letter that shocked markets by citing ‘extremism’ in economic policy, before President Andres Manuel Lopez Obrador quickly named a well-regarded deputy minister to replace him.
Eurozone sees economic outlook worsening amid uncertain US trade policy
The European Commission lowered its forecast on Wednesday for the eurozone economy next year, saying that uncertainty over US trade policy posed a major risk to the bloc.
Germany faces pressure to spend as economic risks grow in Europe
Trade tensions and uncertainty surrounding Brexit are raising economic risks for the euro area, prompting France to urge Germany to loosen its purse strings to support growth.
Turkey sacks central bank chief amid economic slump
Turkey has fired its central bank governor without giving an official reason, as policy differences between the government and the bank deepened in the face of an economic slump.
Japan raises economic assessment for May on robust output data
The government raised its assessment of the economy for May on Friday, saying downside trends are coming to a halt, helped by upbeat industrial production, though an uncertain outlook for the global economy remains due to the US-China trade dispute.
Brexit clouds gathering over UK’s economic prospects
Mark Carney, the governor of the Bank of England, used to say that financial markets, households and businesses had all reacted at different speeds to the prospect of the UK’s departure from the EU.
Number of vacant homes in Iran tops 2.6 million: Report
A new report published in an Iranian economic website shows that the number of vacant properties across the country has topped 2.6 million as authorities mull taxes on empty houses in a bid to curb exorbitant prices in the housing market.
Iran envoy to UK: US must stop economic terrorism against Iran
Iran’s ambassador to the UK urged the US to stop using “economic terrorism” to force Tehran into negotiations, saying Washington needs to act “normal” and avoid interfering in the Islamic Republic’s ties with other states.
Economic clouds gather over Germany
Concerns are growing over the strength of Germany's economy — the largest in the Eurozone — following the release of more gloomy official figures.
Swiss government unlikely to upgrade economic forecasts after strong Q1
The Swiss government is unlikely to upgrade its economic forecasts for 2019 despite stronger-than-expected growth at the start of the year, a senior economist told Reuters.
China’s economic activity weakens amid tariff war
China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth.
Korean won to face further difficulties due to trade dispute, weak economic performance
The South Korean won, one of the world's worst-performing currencies over the past month, may further lose ground down the road, possibly flirting with the 1,200-won threshold, given a slew of factors pointing in that direction, although its current downward momentum may ease in the near term, analysts said on Tuesday.
Cuba to ration more products due to economic crisis, US sanctions
Communist-run Cuba said on Friday it would control more the sales of certain foodstuff and hygiene products, including adding some back to the ration card, due to shortages that it blamed partly on the tightening of the US trade embargo.

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