European Central Bank chief Christine Lagarde warned Wednesday that "coercive trade policies" risked harming supply chains and the global economy, and called for a de-escalation of a tariff standoff that has wiped billions off markets. She warned that protectionism risked "eroding the foundations of global prosperity".
Cuban farmer Maritza Carpio, 62, is optimistic. As Cuba battles its worst economic crisis in three decades, the government and state-owned company Tabacuba -- which buys 95 percent of its crops from private producers -- provided aid to farmers like Carpio in the form of donations of materials, and cheap loans.
The EU agreed a new round of sanctions over Russia's war in Ukraine on Friday, the one-year anniversary of Moscow's invasion, the bloc's Swedish presidency announced.
There is no recent precedent for a central bank successfully defeating inflation without "substantial economic sacrifice or recession," said a report presented Friday to Federal Reserve policymakers.
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