World Economy

The pound has hit its highest level against the dollar since the Brexit vote after a senior Bank of England official fuelled speculation it could raise rates in the coming months.

The United States in August prohibited dealings in new debt from Venezuela and state oil company PDVSA in response to the creation of a new legislative superbody that critics call the…

The International Monetary Fund has emphasized the urgent need for Lebanon to create a sustainable economy and halt the rise in public debt.

Three months after it was cast into unprecedented isolation by its neighbors, Qatar is counting the economic cost. The gas-rich nation burned through $38.5 billion of its vast financial reserves…

The Irish economy grew by 1.4% in the second quarter of 2017, rebounding from a 2.6% contraction in the previous quarter. Despite the volatility from quarter to quarter, the latest national…

The world economy, stunted by years of austerity and growing inequality, needs a global "new deal", inspired by policies that helped Europe rebound after World War II, the United Nations trade…

One of the biggest bitcoin exchanges in China and the world announced Thursday that it would stop all trading following new Chinese government regulations clamping down on crypto currencies.

Italy, saddled with the eurozone’s second-biggest debt load after Greece, may be close to coming to grips with its problem.

The Danish government does not want to loosen fiscal policy next year and intends to hold its ground on that issue in budget negotiations with its powerful ally, the finance minister told…

The number of debt-laden Australian households is soaring as people push their finances to the brink, alarming new figures have revealed.

Rising property prices have resulted in mortgage…

Underscoring the importance of South-South cooperation, United Nations Deputy Secretary-General Amina Mohammed Tuesday urged sustained commitment to mutually beneficial approaches that will…

US companies are optimistic about the growth outlook and investment opportunities in Asean as businesses see solid growth in domestic consumption, according to a survey.

The Czech current account balance turned to a deficit in the second quarter from a surplus in the previous quarter, figures from the Czech National Bank showed Wednesday, RTTNews reported. The…

Britain’s jobless rate is at its lowest level in 42 years, but family budgets face shrinking levels of income as inflation outstrips wage rises.

Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30% of banking jobs disappearing in the next five years.

The Japanese government is widely expected to compile an extra budget for this fiscal year, despite the improving economy, economists polled by Reuters say.

Brexit’s chill wind is whistling through the corridors of Ireland’s businesses, with the number of chief executives who see blue skies ahead for the Irish economy having fallen significantly…

The year-over-year growth rate for commercial and industrial loans eased to 1.6% in July, according to last week’s update by the federal reserve. The deceleration, the slowest pace since April…

European Commission President Jean-Claude Juncker pushed to expand Europe’s global economic footprint in a sign of growing confidence that the political threats posed by Brexit and populism can…

The stock of bad debts held by Italian banks fell by a record amount in July, in a sign that Italy’s struggling financial sector is starting to benefit from stronger economic growth and greater…

Bitcoin may be the buzzword of the year but some industry veterans are not buying into the hype. At a recent bank investor conference, Jamie Dimon, the CEO of JP Morgan Chase & Co., a…

Poland’s annual base inflation likely edged down to 0.6-0.7% year on year in August after 0.8% in July, local economists estimate after the publication of detailed consumer price inflation data…

Uganda recorded a drop in headline inflation in August due to a fall in food prices. Kenya, on the other hand, saw a rise during the same month, driven by an increase in food prices occasioned…

The eurozone economy is doing better than expected this year. Growth is stronger everywhere and positive even in Greece. Unemployment is falling. In his state of the union speech on September 13…

Annual inflation in Britain accelerated in August, a pickup likely to reinforce the Bank of England’s view that interest rates may soon need to rise despite modest growth.