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Sudan's al-Bashir sacks entire cabinet in bid to fix economy

The number of ministries has been reduced to cut back expenditure and tackle a severe hard currency shortage.

Al-Bashir

Read more: Sudan's al-Bashir sacks entire cabinet in bid to fix economy

   

China vows response if US imposes new $200bn in tariffs

Analysts warn a full-blown trade war could disrupt global trade and shrink annual economic output of the US and China.

Chinese goods

Read more: China vows response if US imposes new $200bn in tariffs

   

Argentina begins talks with IMF to speed up $50bn loan

Meeting comes a day after President Mauricio Macri announced new measures to boost the country's embattled economy.

Argentinians

Read more: Argentina begins talks with IMF to speed up $50bn loan

   

Argentina's Macri raises taxes, axes ministries after peso plunge

President announces raft of 'emergency' austerity measures in a bid to tackle the country's worsening financial crisis.

The IMF loan has provoked outrage from Argentinians

Read more: Argentina's Macri raises taxes, axes ministries after peso plunge

   

Greece: Travellers stranded as ferry crew strike over pay

Greek sailors halt traffic as they demand a five percent rise in wages after eight years of austerity measures.

ferry

Read more: Greece: Travellers stranded as ferry crew strike over pay

   

Hundreds protest against high prices in Yemen's Aden

Demonstrators burn tyres and block major roads, demanding the government reduce prices of consumer goods.

Read more: Hundreds protest against high prices in Yemen's Aden

   

Trade deficit tops China-Africa summit in Beijing

Key conference in China comes amid criticism of Beijing's debt-laden approach in dealing with developing nations.

The SGR cargo train in Kenya

Read more: Trade deficit tops China-Africa summit in Beijing

   

Turkey's Erdogan denounces dollar; US acting like 'wild wolves'

Turkish president announces negotiations with Russia are ongoing to sideline 'damaging' US dollar in global trade.

Read more: Turkey's Erdogan denounces dollar; US acting like 'wild wolves'

   

Erdogan labels rating agencies as 'impostors' and 'racketeers'

Scathing comments come after two agencies sounded more alarm over the state of Turkey's banks.

Turkish lira

Read more: Erdogan labels rating agencies as 'impostors' and 'racketeers'

   

IMF vows 'full support' for Argentina amid economic crisis

A day after anti-austerity protests, IMF says it will work with Argentina on 'revised plan' to help its ailing economy.

The Argentine peso

Read more: IMF vows 'full support' for Argentina amid economic crisis

   

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