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Prime Minister of Greece Alexis Tsipras. REUTERS/Alkis Konstantinidis
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A worker rolls a sheet of leather at Justin Paul, a handbag manufacturer in Brooklyn. Brexit has reinforced the dollar as the foundation of global finance, but a stronger dollar hurts exports. Michael Nagle/Bloomberg
Taking Refuge in Dollar Could Expose World Economy to New Perils
It is known as the flight to safety, yet it may be leading the global economy toward fresh danger. In the week since Britain stunned the world with its vote to quit the European Union, coloring markets in uncertainty, investors have dumped much that seems risky — the...Caption:
Global Economy at its Lowest Pace
Global Economy -Business Activity at its Lowest Pace in 3 Years
-America’s Service Sector Contracts for First Time Since 2013 – Brazil Slumps at Even Faster Pace – China Manufacturing Services Slowdown – Eurozone Business Sees Worst Month in a Year Global economy-business activity had endured its worst rate in...Caption:
Mario Draghi, President of the European Central Bank, addresses the media during a press conference following the meeting of the Governing Council in Frankfurt am Main, western Germany, on January 22, 2015. (AFP PHOTO / DANIEL ROLAND)
ECB launches last-ditch program to revive euro economy
Frankfurt, Reuters—The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions of new money into a sagging euro zone economy. The ECB said it would buy government bonds from this...Caption:
In this July 31, 2012 file photo the euro sculpture stands in front of the headquarters of the European Central Bank in Frankfurt, Germany. (AP Photo/Michael Probst, File)