Spain has rejected a NATO proposal to spend 5% of GDP on defense needs that’s due to be announced next week, calling it “unreasonable.” In a letter sent Thursday to NATO ...

Russia’s economy is “on the brink of going into a recession,” the country’s economy minister said Thursday, according to Russian media reports. Economy ...

Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded ...