Having been upstaged again last week by the Federal Reserve, the European Central Bank will join its US counterpart in global economic spotlight when the Governing Council meets on Thur- sday in Frankfurt and, like Fed, signals further monetary stimulus ahead. But ECB is facing a much more difficult script than the Fed. Lacking a more substantial role, the council’s ...

This week, Spain may finally get a government based on the results of its April parliamentary election. If it doesn’t, there’s likely to be a fourth election in as many years. Spain joins the growing ranks of countries run for extended periods by technocrats rather than politicians, and it appears to be doing fine — like most of the others ...

BEIJING / WAM Chinese President Xi Jinping has stressed the significance of peace and stability in the Gulf region for the Middle East as well as for the whole world, saying the region should be an “oasis of security” rather than a new “source of turmoil.” “China backs the UAE’s commitment to regional peace and stability,” Xi said, calling on ...