The failure of policy makers to fix deep-rooted problems in the world’s largest economies has pitched the globe into the worst slow-growth rut in nearly three decades. And it could be about to get even worse, the International Monetary Fund said Thursday, signaling another downgrade ahead in its global growth outlook. Source The Wall Street Journal
– U.S. Ambassador to the United Nations Nikki Haley accused Russia on Monday of “cheating” on U.N. sanctions on North Korea and said Washington has “evidence of consistent and wide-ranging Russian violations.” Source: Reuters
Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy Ministry statement said. Source: Oil Price
U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. Source: Reuters
