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‘American exceptionalism’ fades for now as US growth weakens
America’s days as pace-setter for the world economy may be coming to an end. With the International Monetary Fund releasing new forecasts, a rising number of economists are predicting that the US’s momentum will fall behind that of the rest of the world as global growth bottoms out and looks set to slowly pick up in 2020.
Iran chief banker warns against speculative trade of currencies as rial weakens
The governor of the Central Bank of Iran (CBI) has warned the households against engaging in fresh round of speculative trade of foreign currencies, saying a slight weakening of Iran’s rial was nothing to worry about.
ECB policymakers open to cut rates if growth weakens
European Central Bank policymakers are open to cutting the ECB’s policy rate again if economic growth weakens in the remainder of the year and a strong euro hurts a bloc already bearing the brunt of a global trade war, two sources said.
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.
Turkish lira weakens sharply, surrendering some post-rate hike gains
Turkey’s lira weakened more than 2 percent on Thursday, giving up some of the hefty gains it made after the central bank raised interest rates by 300 basis points on Wednesday in an emergency move to prop up the tumbling currency.
Growing up in poverty weakens later health
Poverty remains a widespread problem. In the UK, 30 percent of children are growing up in poverty. More than half of these children are in working households, and poverty is on the rise even for children whose parents work in government-funded jobs.
Central America weakens forest shield against future droughts
Jazziel Baca lives in the municipality of Esquías, in western Honduras, one of the areas hardest hit by the southern pine beetle (Dendroctonus frontalis), which damaged almost 500,000 hectares of forest in that Central American country between 2013 and 2015.
Federal judge weakens Trump travel ban
A US federal judge weakened the terms of the Trump administration's controversial travel ban on visitors from six majority-Muslim countries, dealing another legal setback to the government.
Russian ruble weakens
The Russian ruble has weakened against the dollar following a downgrade of the country's debt rating by the ratings agency Moody's.

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