Martin Crutsinger, Associated Press | Posted Jul 29th - 6:40am
Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. Stronger consumer spending was offset by weakness in housing construction and a big slowdown in the pace that businesses restocked store shelves.
Libya's U.N.-brokered presidency council has announced the reopening of the country's vital oil terminals after 18 months of closure despite threats by a rival military commander that his forces could target tankers entering Libya's territorial waters.
Slightly higher sales and substantial cost-cutting by Merck & Co. boosted second-quarter profit 75 percent, but the drugmaker lowered its financial forecast for the year, citing higher restructuring costs in the quarter.
The number of tourists visiting Spain jumped by 12 percent in the first six months of 2016, as a mix of economic concerns and fears of extremist attacks continued to drive foreigners away from rival Mediterranean destinations.
Toxic waste discharged from a Taiwanese-owned steel complex in central Vietnam harmed the livelihoods of more than 200,000 people, including 41,000 fishermen, the Vietnamese government said in tallying the damage from what it has called the country's worst environmental disaster.
Anti-corruption prosecutors have detained the deputy governor of Romania's central bank on suspicion that he engaged in influence-peddling, illicitly receiving 1 million euros ($1.1 million) when he was parliament speaker.