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(MENAFN - AFP) The strength of the global economic recovery could be "less robust than expected" and more must be done to boost international monetary supply, IMF chief Christine Lagarde warned Sunday."We are seeing global activity pick up, but the momentum could be less robust than expected because potential growth is weaker... (and) investment remains lacklustre," Lagarde ...

 

(MENAFN - AFP) London's century-old process for fixing gold prices, tainted by a rigging scandal and attacked by critics as old-fashioned, goes under the spotlight this week in key talks aimed at modernising the process. Analysts said that the market price of gold, which is driven by investment and jewellery demand, could climb as a result of an overhaul.Buyers and ...

 

(MENAFN - AFP) Prime Minister Recep Tayyip Erdogan appears all but assured of winning upcoming Turkish presidential polls, but he could find himself in charge of a far more fragile economy than in the last decade of his rule.Analysts say the Turkish strongman is jeopardising the long-term health of the economy by picking a fight with the nominally independent central bank ...

 

(MENAFN - AFP) It looks like any other American farmer's market. Buyers sniff the wares, test weights and compare, while vendors tout their product. But the only produce on offer is cannabis - organic, of course."We have lollipops for $7, chocolate bars to help you relax for $13, and 'cosmic dust,'" said Bill Harrison, a seller who also stocks plain old smokable marijuana.The ...

 

(MENAFN - AFP) Mexico's senate adopted an ambitious telecommunications reform package Saturday aimed at blocking monopolies in television, mobile phones and high-speed Internet.The 600-page bill, approved after 17 hours of debate, will now pass to the lower house of Congress.It creates regulations enacting a constitutional reform adopted in May 2013 and so far will ...

 

(MENAFN - AFP) Pope Francis denounced "the scourge of unemployment" during a visit to one of Italy's poorest regions on Saturday, and said businesses had a responsibility to help get people back into work. "It is necessary to put human dignity at the centre of every point of view and every action. Other interests, even if legitimate, are secondary," he told a crowd of ...

 

(MENAFN - AFP) Vast crowds of revellers in high heels, wigs and figure-hugging dresses cavorted in the streets of Madrid on Saturday in what is billed as the biggest gay pride parade in Europe.Tens of thousands crammed one of the Spanish capital's broad central avenues, the Paseo del Prado, in the early evening to the din of drums and whistles in a parade scheduled to ...

 

(MENAFN - AFP) One of Venezuela's leading newspapers, El Universal, has been purchased by a group of Spanish investors, the daily announced on Saturday.The century-old Caracas-based newspaper vowed to maintain the same editorial line under its new majority ownership by Spanish investment firm Epalisticia.El Universal said it would provide more details about the stock ...

 

(MENAFN - AFP) Cuba's parliament opened its twice-yearly session on Saturday, with the communist island's faltering economy topping the agenda.President Raul Castro was due to address the proceedings of the National Assembly, which plans to examine why one of the world's last command economies has not experienced greater growth, despite six years of reforms.The day-long ...

 

(MENAFN - AFP) The leader of the Philippines' Catholic Church, which routinely denounces abortion and contraception, called for the clergy on Saturday to listen more and condemn less, in the latest sign of a liberal shift in the powerful institution.Church leaders exert vast influence in the conservative Philippines, Asia's bastion of Catholicism and the only state apart ...

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