Tag: World news
Egypt’s currency edges higher against the US dollar after price hikes
CAIRO -- The Egyptian pound is sliding against foreign currencies, inching nearer to 50 per U.S. dollar after a recent hike in subway...
Tesla is recalling more than 1.6 million cars in China for a remote software fix
BEIJING -- Tesla is recalling 1.68 million cars in China for a remote software upgrade to ensure that they warn the driver when...
Bolivia's president promises public votes on fuel subsidies and constitutionality of reelection
LA PAZ, Bolivia -- Bolivia's socialist President Luis Arce said Tuesday national referenda would be held soon on the removal of politically combustible...
Who is Muhammad Yunus, the Nobel Peace Prize laureate who'll head Bangladesh's interim government?
DHAKA, Bangladesh -- Nobel Peace Prize laureate Muhammad Yunus has been chosen to head Bangladesh’s interim government after the nation's longtime prime minister...
Parisians once scoffed at hosting the Olympics. Now, here come the conga lines
PARIS -- Like most self-respecting Parisians, Mathilde Joannard and Franck Tallieu had been training for the Olympic sport of Olympics-bashing.Of course the Olympics...
What are carry trades and how did they contribute to this week's global market mayhem?
BANGKOK -- The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”...