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U.S. and China Close in on a Bilateral Investment Treaty
It may have taken 24 rounds of negotiations, but Chinese officials announced on Wednesday that a US-China bilateral investment treaty (BIT) is close to being signed. According to the...
Weak Manufacturing, Retail Sales Compound U.S. Woes
Disappointing manufacturing figures and weak retail sales data confirms that America’s economy is struggling, despite cheering from the Federal Reserve. Manufacturing rose slightly in March, but at a slower...
Tanzanian President Launches Corruption Crackdown
The government issued a nationwide audit that rooted out so-called “ghost worker” positions from the public sector, according to Reuters. The audit is in response to a wage system,...
OECD Warns that Poland Risks Breaching EU Deficit Rules
The Organization for Economic Cooperation and Development (OECD) has issued a dire warning to Poland and the European Union. According to the OECD, Poland risks breaching the EU's fiscal...
U.S. Home Sales Suffer Unprecedented Plummet
American home sales have collapsed despite low interest rates and the expectation of more expensive mortgages just around the corner. Existing home sales fell 7.1% in February, significantly below...
Romania Fights with EU over E. Coli Alert Error
Romanian officials condemned the European Union’s decision to uphold an Italian E. coli alert over Romanian sheep cheese, according to The New Zealand Herald. Instead, Romanian health officials stated...
Nepal, China Sign Transit Treaty Establishing a Rail Link
On Monday, China agreed to Nepal’s proposal to build a strategic rail link between the two nations through Tibet. The new line will reduce Nepal’s dependence on India for...
Higher Oil Prices, Higher Inflation Expected in U.S.
A perfect storm of rising oil prices and limited corporate profits is leading to higher inflation expectations for 2016. Oil prices have rebounded from their 2016 lows, rising to...
Niger President Faces Runoff in Controversial Election
In February, incumbent President Mahamadou Issoufou failed to reach the necessary threshold for the second-round ballot process, leading to a runoff that took place on Sunday, according to the...
World Bank: Help Bangladesh Recover Stolen Money, Pursue NY Fed
On February 5, 2016, cyber-robbers made off with $81 million dollars (US) after successfully executing a series of transactions that traveled through the New York Federal Reserve Bank and...