Azerbaijan’s president revealed that former Russian and German officials were in Baku at the same time earlier in July, but that Azerbaijan’s authorities were neither notified nor aware of the meeting, which might have involved discussions over Ukraine. Former Russian and German officials entered Azerbaijan in mid-July for a possible meeting to discuss Moscow’s ongoing … Read more
Europe’s household debt map reveals a surprising north-south divide. Discover the latest Eurostat figures and the 10 most indebted countries. The stereotype says southern Europeans live beyond their means while northern Europeans save more. The latest data tell a very different story. The most indebted households in the European Union are found in the wealthy … Read more
Spain’s 1-0 victory over Argentina in Sunday’s World Cup final brings a record $50 million (€43.7m) cheque from FIFA and, if past champions are any guide, a measurable but fleeting lift for the economy. A 106th-minute strike from Ferran Torres gave Spain a second world title, 16 years after South Africa, and immediately revived a … Read more
President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products. The move could unleash a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before … Read more
The Spanish government has chosen Pablo Hernández de Cos, general manager of the Bank for International Settlements and former Bank of Spain governor, as its candidate to succeed Christine Lagarde at the ECB. Madrid is launching its first ever bid for the eurozone’s top monetary job amid growing signs that Christine Lagarde will leave the … Read more
Iranian MPs called for capturing US soldiers and launching ground attacks on Kuwait and Bahrain, as discussions grew over a possible ground operation by either side and US strikes entered their 10th consecutive day. An Iranian army spokesperson warned on Tuesday that Iran would bomb its own territory rather than allow US forces to occupy … Read more
Two children onboard the boat bound for the Canary Islands lost their entire family before the passengers were picked up by a rescue operation from Mauritania. At least 144 refugees and migrants have been reported dead or missing after a series of maritime incidents off the coast of Mauritania, in the latest tragedy on the … Read more