There will be new penalties for financial institutions that deal in Iranian currency, which should cause the rial to devalue further. But new sanctions on the country's car industry could be felt more acutely.
European unemployment hit a new record high in April. 12.2 percent, or about 20 million people, across the 17 countries that use the euro are out of work.
Which country has the highest economic growth rate in the Asia-Pacific region? It's not China, but the Philippines, which grew at a surprising rate of 7.8 percent last quarter.
While the debate continues over domestic use of unmanned aerial vehicles in the U.S., Germany is considering using drones to stop graffiti artists in their tracks.
The number of unemployed Germans rose more than four times what analysts had expected in May. Still Europe's largest economy held onto its jobless rate of 6.9 percent — lower than the majority of euro zone countries.
Some companies who sell to the U.S. now prefer Mexico to China as a manufacturing base. Rising Chinese labor costs are part of the reason. Mexico's proximity to the U.S. is another.
European — and some American manufacturers — believe Chinese solar panels are being sold for less than they cost to build. The European Commission is investigating, but now Germany is distancing itself from the "dumping" allegations.
