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The US is naming and shaming economic allies for relying too much on American demand

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8 hours ago

ISIL claims responsibility for a bombing in Irbil.

  At least three people were killed and five injured in a suicide car bomb attack near the US consulate in the capital of Iraq’s autonomous Kurdish region. All consulate employees were safe, US authorities said. This was only the second bombing in Irbil, a city so far considered very safe.
April 17, 2015

General Electric posts a first-quarter loss of $13.5 billion.

  The red ink was a spillover from a previously announced plan to sell off most of the company’s finance business; GE took $16 billion in charges related to the exit. GE is now set to refocus on its industrial arm; which turned in a 9% increase in profit.
April 17, 2015

Greece is on track to run out of cash by the end of the month.

  The country has to scour its public sector cash reserves for €2 billion ($2.16 billion) to pay pensions and wages to its civil servants, an unnamed finance ministry official told Reuters. That won’t leave enough to pay the €1 billion ($1.08 billion) IMF loan tranche due in May. The government denies the report.
April 17, 2015

Almost 9,000 people have fled anti-immigrant mobs in South Africa.

  Armed police have been deployed in the city of Durban to prevent further clashes, and charity groups are providing aid to those driven from their homes. Five people were killed in Durban, including one 14-year-old, in violent clashes on Thursday.
April 17, 2015

A regulatory clampdown in China sends Chinese stock futures tumbling.

  FTSE China A50 Index futures declined as much as 6% in the wake of new curbs on margin trading and other measures meant to rein in China’s shadow finance markets. Traders say the regulations will be sure to slow the strong flow of money into Chinese exchanges.
April 17, 2015

“Sabado Gigante” is going off the air after 53 years.

  The iconic Spanish-language program is the longest-running variety show in television history, led by its charismatic Chilean anchor Mario Kreutzberger (aka Don Francisco) since 1962. While it once attracted millions of viewers in 40 countries, its audience has declined in recent years. Its network home, Univision, will shut down the show in September.
April 17, 2015
Chart of the Moment

World Bank projects have displaced over 3 million people around the world.

April 17, 2015

British employment levels hit a record high.

  The number of employed people rose by 248,000 in the three months to February, the largest jump in almost a year, sending unemployment to its lowest rate since July 2008.
April 17, 2015

China is building another airstrip in disputed waters.

  Satellite images published in IHS Jane’s Defense Weekly show construction of a runway on a reclaimed island close to the Philippines—one of a number of new Chinese construction projects in disputed waters in the South China Sea. According to Jane’s, the new runway could reach 3,000 meters, which is enough to accommodate military planes.
April 17, 2015

A zebra chase unfolds on the streets of Brussels.

  Taking a cue from the runaway llamas of Arizona, three zebras decided to escape from captivity and send local police on a wild, well, zebra chase around Belgium’s capital. The animals fled a local ranch, Belgian media reported, and were caught eventually caught by the police.

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