Goldman Sachs analysts have crunched the numbers and found that if China was to retaliate against the U.S. with a ban on sales of Apple Inc.’s products, this could wipe out 29% of the iPhone maker’s earnings.
Energy and transport costs pushed U.K. inflation back above target last month.
Saudi Arabia is seeking private sector investment to turn an archipelago islands, desert and mountains -- an area about the size of Belgium -- on its Red Sea coast into a global tourism destination.
Mario Draghi warned against exaggerating the tradeoffs between risk sharing and risk reduction in the euro zone, arguing it has hampered monetary policy transmission.
South Africa’s annual inflation slowed for the first time in three months, with the rate falling below the midpoint of the central bank’s target range, after moderation in food-price growth tempered an increase in the cost of gasoline.
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