Outsize U.S. bets delivered foreign investors years of windfall profits, but have left them exposed to this year’s reversal.

“The Scandi currencies are simply the euro on steroids,” said Kamal Sharma, an FX strategist at Bank of America. Germany’s huge spending plan — which has fuelled hopes of a boost to European growth — ...

Submarine tragedy is latest blow for Egypt’s tourism - The Red Sea is a major hub for the country’s crucial tourism industry ...