The World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next.
United States president Donald Trump has demanded funding for his long-promised US-Mexico border wall to halt “a growing humanitarian and security crisis”. But in his first TV address to the nation from the Oval Office, Mr Trump did not declare a national emergency to bypass Congress and build the barrier.
EU says the US government has changed the bloc's diplomatic status in Washington, in practice downgrading it. The Trump administration did not notify the EU about the change. The EU has asked the US to explain the move, EU spokeswoman Maja Kocijancic says.
A group of nine leading retail broker-dealers, banks, financial services firms, and global market makers, have agreed to launch an equities exchange, MEMX, or Members Exchange. The new exchange will be owned entirely by its founding members and will seek to deliver benefits to retail and institutional investors by introducing greater competition to the marketplace. MEMX will file an application with the Securities and Exchange Commission in early 2019 for approval to operate as a national securities exchange.
Millions of US taxpayers will still receive refunds despite an ongoing partial government shutdown, the White House has said. The Internal Revenue Service (IRS) has previously delayed tax refunds during a government shutdown.
World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017.
Venezuela Supreme Court judge Christian Zerpa has fled to the United States to protest over President Nicolás Maduro's second term in office. Last year's election “was not free and competitive”, the former Maduro loyalist told a Florida radio station, and he accused President Maduro of systematically manipulating the affairs of the Supreme Court.
Estimates of corn and soybean production in Brazil and Argentina remain unchanged from private analytics IEG vantage last monthly report. The firm projected Brazil’s 2018/19 soybean crop at 122 million tons and Argentina’s crop at 56.5 million tons.
Brazil’s new President Jair Bolsonaro said that he would be open to the possibility of the United States operating a military base on his country’s soil, a move that would form a sharp shift in direction for Brazilian foreign policy.
A shooting with several victims has been recorded this Saturday morning in a bowling alley in the town of Torrance, in the county of Los Angeles (USA), police said.