World Economy

Four months after their new president was elected, French workers have held a day of protests against changes to France's strict labor market. The hard-left CGT union has called for workers to…

Brazil’s central bank said on Tuesday it preferred a gradual end to interest rate cuts in the coming months, instead of bringing the cuts forward, in order to facilitate communication and…

Egypt’s financial dealings with the outside world turned positive last fiscal year after an influx of foreign investment following the flotation of the pound in November, Bloomberg reported.

The Philippine balance of trade in goods continued to register a deficit in July—albeit narrower than in previous months—as imports continued to outpace exports, the Philippine Statistics…

The value of Norway’s sovereign wealth fund, the world’s largest, hit $1 trillion for the first time on Tuesday as booming global stock markets and a rising euro lifted its assets.

The European Central Bank believes its long-term support to the eurozone economy will overcome the strong euro’s braking effect on inflation, board member Benoit Coeure said, AFP reported.

The world economy is showing positive signs but is still fragile and countries should rely on structural reforms, not quantitative easing, to support growth, Chinese Premier Li Keqiang said on…

Even in the absence of an Israel-Palestinian peace deal, steps can be taken now that could significantly brighten a gloomy Palestinian economic situation, the World Bank said on Tuesday.

Citi Research economists see Kenya’s budget deficit and debt stock as the main economic challenges awaiting the government to be formed after repeat presidential polls slated for October 17.…

The German economy could lose some momentum in the second half of the year after powering ahead in the first six months, as household spending and industrial production are expected to shift…

Americans owe more than ever before, with household debt hitting a record of nearly $13 trillion. And auto loans, home loans, and credit card debt are all still on the rise, according to the…

South Korea’s economy could be weighed heavily by the heightened tension over North Korea’s nuclear weapons program but the risk of an outright conflict though rising is still low, Fitch Ratings…

The finance ministers of France, Germany, Italy and Spain have signed a joint statement calling for technology companies to pay an "equalization tax to reflect what some of these companies…

The World Bank’s International Finance Corporation aims to raise an extra $1 billion within a year as part of a planned $5 billion infrastructure investment fund, an official said, with China’s…

Zambia’s economy will grow by 5% in 2018, 5.1% in 2019 and 6.1% in 2020, up from 4.3% in 2017, the ministry of finance said in a statement on Sunday, Reuters reported. The country’s fiscal…

Containerized trade among BRICS nations saw robust growth in the first half of this year, according to the world’s largest container shipping company Maersk Line, Xinhua reported.

The Russian economy has emerged from the crisis and is gaining momentum. This momentum should be maintained, President Vladimir Putin said, adding that positive factors will gradually be felt by…

Gold fell early on Monday after hitting its highest level in more than a year in the previous session, as the dollar recovered from last week’s lows and as a lack of geopolitical developments…

World shares returned to a record high on Monday, on relief that hurricane Irma looked to be losing strength in the United States and that North Korea’s anniversary celebrations at the weekend…

Turkey maintained economic growth at levels exceeded only by China and India among G20 economies, as a surge in construction buoyed output.

Gross domestic product expanded 5.1% during…

Bank of France maintained on Monday its forecast for French quarterly gross domestic product growth of 0.5% in the third quarter, unchanged from the second quarter. The prediction was part of…

Retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the central bank to cut interest…

International Monetary Fund chief Christine Lagarde expressed optimism Monday about the future of the South Korean economy as she forecast Asia’s fourth-largest economy to grow 3% this year.…

It has been a destructive and costly hurricane season, following the historic impacts from hurricane Harvey and now hurricane Irma. This is the first time in the history of record keeping that…

Malaysia’s industrial production in July expanded at its fastest pace in eight months, government data showed on Monday, boosted by gains in all three major sectors, Reuters reported. Factory…