ECONOMY & MARKETS

Global stocks tumbled Tuesday after China offered fresh evidence of a sharper-than-expected economic slowdown.

Zimbabwe's President Robert Mugabe is looking to China for help reviving his country's sinking economy, but Beijing is grappling with its own economic setbacks.

The Nigerian naira devalued by N5 to N220 per U.S. dollar as Nigerians seek the United States currency to pay for school abroad and the annual hajj pilgrimage to Mecca.

Within the economic bloc, however, wide disparities persist with Germany showing an unemployment rate of 4.7 percent while Greece reported one in four people without a job.

The country's benchmark index fell nearly 700 points, or 2.5 percent, Tuesday after first-quarter growth slowed to 7 percent.

The RBA's decision came as the Australian dollar continues to hover around its weakest level in over six years.

Official figures on China’s manufacturing output have confirmed the continuing slowdown in the nation’s economic growth, prompting further falls on Asian stock markets.

In the biggest three-day rally since 1990, U.S. oil prices extended their gains Monday after data revealed crude output was lower than previously expected.

Recent oil industry trends could pose a greater threat to the state's coffers than global policies to curb use of fossil fuels.

Labor unions are praising a National Labor Relations Board decision in a "joint employer" case, but businesses say it's a government overreach that could hurt their bottom line.

"Today's continuing pressure on prices ... remains a cause for concern for OPEC and its members -- indeed for all stakeholders in the industry," OPEC said in its most recent bulletin.

Most teenagers say parents play a big role in deciding whether or not to drink.

In 2014 oil prices were above $100 a barrel; now experts say getting above $50 will be difficult with excess supply and a possible economic slowdown.

Sudan's foreign minister insisted the countries' relationship remained robust, despite the economic turmoil.

India's GDP rose 7 percent in the April-June period, making it one of the fastest growing major economies in the world. However, it fell short of economists' expectations.

The U.S. economy, now in its weakest post-recession recovery ever, appears vulnerable to some analysts.

While markets in Tokyo also fell amid concerns about China's economy, the Shenzhen market saw its worst month in seven years.

TV reports showed a journalist 'confessing' to causing stock market volatility. A regulatory official was accused of taking bribes and insider trading.

Hundreds of residents had protested demanding compensation in the wake of the blasts that killed at least 150 people at a hazardous chemicals warehouse earlier in August.

Concerns about an interest rate hike by the U.S. Federal Reserve led Asian markets to open the week lower, with sharp falls in China.

The U.S. Federal Reserve may not let volatility in Chinese markets put off a rate hike, the Wall Street Journal reported.

Police officers and a 12-year-old boy are among the latest casualties in a conflict that has claimed over 40,000 lives.

New Hampshire voters brought the proposal to his attention, the Republican presidential candidate said Sunday on NBC's "Meet the Press."

Three people who walked into a police station after one victim was knifed to death and three others were wounded by gunfire were arrested on suspicion of involvement.

The Fed's second-in-command said in a speech at the Jackson Hole Symposium that central bankers are more interested in where the U.S. economy is going than where it's been.

Fed Vice Chairman Stanley Fischer said on Saturday that inflation was likely to rebound allowing the Federal Reserve to raise interest rates.

The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission.

On Saturday a Yellen ally and former adviser at the Fed delivered a provocative retort