International Monetary Fund

IMF Suspends Work with Venezuela over Distrust of Maduro Economic Data

The International Monetary Fund (IMF), of which the U.S. is the dominant stakeholder, confirmed on Thursday it had suspended its work with the anti-American socialist regime of Nicolás Maduro since the end of January due to the South American nation’s financial woes and deteriorating political and humanitarian conditions.

The move comes as President Nicolás Maduro (pictured) has clamped down on political opposition and consolidated power in his government’s hands. | Federico Parra/AFP/Getty Images.

Protesters Defiant as Jordanians Strike over Tax Bill

AMMAN, Jordan — Doctors, lawyers and teachers staged a strike across Jordan on Wednesday in protest over IMF-backed austerity measures including a proposed income tax law that have sparked a week of angry demonstrations.

A Jordanian child holds a sign during an anti-austerity rally, on June 6, 2018 in Amman. - Jordanian unions staged a nationwide strike today over IMF-backed austerity measures including a proposed income tax law that has sparked a week of angry demonstrations. (Photo by AHMAD GHARABLI / AFP) (Photo credit …

OECD Forced to U-Turn on Dire ‘Quality of Life’ Brexit Predictions

The Organisation for Economic Co-operation and Development (OECD) has u-turned on its dire Brexit predictions, admitting that “quality of life” in Britain will, in fact, “probably remain to a very great extent as it is today”. Prior to Britain’s referendum

UKIP

EXCLUSIVE: Ukraine Foreign Minister Touts Reforms as IMF Pledges Billions

Even as Russia continues to threaten Ukraine in the eastern region of the country, its minister of finance, Oleksandr Danyliuk, said the best way to ensure national security is through building a strong economy, including attracting private sector investors from the West.

REUTERS/Valentyn Ogirenko

Apple CEO Tim Cook Argues for Globalization

Apple CEO Tim Cook, declaring that globalization is “great for the world,” announced at the China Development Forum 2017 last week that the company will spend $507 million to open two additional research centers in the People’s Republic of China.

Apple CEO Tim Cook has announced plans to build an app design facility in the southern Indian city of Bangalore