El Salvador's president is triumphant after his bet on bitcoin comes true

SAN SALVADOR, El Salvador (AP) — As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador's President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency. The adoption of bitcoin — which has been legal tender in the...

Party of Sri Lanka's new Marxist-leaning president wins two-thirds majority in parliament

COLOMBO, Sri Lanka (AP) — The party of Sri Lanka’s new Marxist-leaning President Anura Kumara Dissanayake won a two-thirds majority in parliament, according to official election results Friday, providing a strong mandate for his program for economic revival. Dissanayake’s...

Voting ends in Sri Lanka's parliamentary election that's key for its new Marxist-leaning president

COLOMBO, Sri Lanka (AP) — Sri Lankans voted in a parliamentary election Thursday that is key for the country's new, Marxist-leaning president to consolidate his party's power and follow through on promises of economic recovery. Voting ended at 4 p.m. local time with more than 17...

Sri Lankan president seeks party win in parliamentary election to help him push his economic reforms

COLOMBO, Sri Lanka (AP) — Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party's power in Thursday's parliamentary election to help him implement his election pledges to solve the country's economic woes and foster good governance. The Marxist-leaning...

Trump's second term could realign US diplomacy toward authoritarian leaders

BUDAPEST, Hungary (AP) — Hungary's fiery, right-wing leader says Donald Trump’s victory will help his own battle against immigration and multiculturalism and restore traditional family values. In Argentina, a president who once bear-hugged Trump at a political conference in...

Taiwan wants to join the IMF to get financial protection from China

WASHINGTON (AP) — Taiwan, a major economy the size of Poland but absent from global organizations, is making a longshot push to join the International Monetary Fund, the 190-country organization that offers members emergency loans and other financial assistance. “Taiwan's...

IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms

WASHINGTON (AP) — The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday. She also urged Chinese leaders to take more decisive action to jump-start their...

IMF's view: The global fight against high inflation is 'almost won'

WASHINGTON (AP) — The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday. In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool...

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

WASHINGTON (AP) — Treasury Secretary Janet Yellen told world financial leaders Tuesday that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S....

IMF's economic view: A brighter outlook for US but still-tepid global growth