Egypt Targets Social Media With New Law

Egypt’s parliament has passed a law giving the state powers to block social media accounts and penalize journalists held to be publishing fake news. Under the law passed on Monday social media accounts and blogs with more than 5,000 followers on sites such as Twitter and Facebook will be treated …

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Venezuela Facing ‘Economic Collapse,’ IMF Warns

Venezuela is in a state of “economic collapse” with hyperinflation not seen since the middle of the last century, the International Monetary Fund said Monday. Despite higher oil prices that are benefiting most exporting nations, the IMF sees a worsening contraction of the economy, which in April already was forecast …

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China Suffers Setback in Its EU Trade Rapprochement

As the United States ratchets up trade threats, China suffered a setback on Monday for its calls for international cooperation in counteracting  what it calls U.S. President Donald Trump’s protectionist policies.   Luca Jahier, the president of the European Economic and Social Committee, said that the European Union won’t “gang …

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IMF Warns US of Economic Vulnerability from Trade War

The International Monetary Fund is warning escalating trade conflicts threaten to curb the world’s economic recovery, saying U.S. exports are especially vulnerable in the face of retaliatory tariffs other nations are imposing on them in response to President Donald Trump’s new levies on foreign imports. The Washington-based IMF, in its …

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