Bank of England (BoE) deputy governor Paul Tucker, beaten to the central bank's top job by Mark Carney, will stand down later this year, giving the Canadian an early chance to help reshape the BoE's upper echelons.
Tucker, part of the majority of BoE policymakers that opp
Moderate Iranian cleric Hassan Rohani looked to be heading towards an outright victory over his conservative rivals in the presidential election, initial results showed on Saturday.
The vote is unlikely to radically alter ties between Tehran and the West, but if Rohani wins he ha
Ethiopia's parliament has unanimously ratified a treaty that strips Egypt of its right to the lion's share of the Nile river waters, raising the political temperature in a dispute between Cairo and Addis Ababa over the construction of a dam.
The parliament's move foll
Prices of electricity, fruit and vegetables lifted the euro zone inflation off its three-year low in May, while the single currency bloc's record high jobless rate showed in its deepening inability to create jobs in the first quarter.
Economic recovery in the euro area is exp
Turkish protesters said on Friday Prime Minister Tayyip Erdogan had pledged to hold off on plans to redevelop an Istanbul park until a court ruled on the project, a move they said was a positive sign after two weeks of protest.
Erdogan met a delegation overnight mostly made up of
US retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, showing signs of resilience in the economy despite belt-tightening in Washington.
"There is an emerging positive story for consumers and the potential for a virtuo
The Egyptian pound weakened on the black market and the country's debt insurance costs hit their highest level since October 2008 as investors grow rattled by Egypt's deteriorating economic indicators.
The pound, which has lost 11 per cent of its value since December, inc
Iranians voted for a new president on Friday urged by Supreme Leader Ayatollah Ali Khamenei to turn out in force to discredit suggestions by arch foe the United States that the election would be unfair.
The ballot, the first presidential poll since a disputed 2009 contest led to
China plans to scrap its decade-old iron ore import licensing system this year, an industry source said on Thursday, a move that may further lift imports in a market that takes two-thirds of the world's international iron ore trade.
The move could also cut costs for domestic
The death toll in Syria reached at least 93,000 at the end of April, but the true number from the violence now in its third year may be much higher, the United Nations human rights office said on Thursday.
An average of mo