The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday. Under French law, home owners in Paris can rent...

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on “white elephant projects”. “With revenues down, fiscal deficits are only slowly declining, despite significant reforms on...

The Reserve Bank of Australia on Friday cut growth forecasts for this year and next, citing the effects of a weaker housing market. The central bank said growth would reach 2.5 percent in the middle of this year, well down from the 3.25 percent it previously projected. Bill Evans, an...

Anadolu Agency questioned Luis Pacheco, a nonresident fellow of the Rice University's Baker Institute, on Venezuela's energy sector, its economy and politics. Pacheco has more than 35 years of experience in the energy industry, including 17 years at Venezuela’s national oil company PDVSA...