World Economy

Consumer confidence in Luxembourg fell in August amid concerns about the country’s job market and economy, the central bank said on Wednesday, wort.lu reported. The indicator was 12 in August…

Croatia’s gross domestic product grew 2.8% year on year in the second quarter, the state statistics bureau said in a flash estimate on Wednesday, Reuters reported. Local analysts had on average…

Britain’s sterling fell to a fresh eight-year low Tuesday against a resurgent euro as investors scurried for safety after North Korea fired a missile over Japan and the possible repercussions of…

South Africa’s private sector credit demand slowed to 8.14% year-on-year in June compared with 9.42% expansion in May, central bank data showed on Wednesday, Reuters reported. Growth in the…

Canada’s current account deficit widened in the second quarter of the year as the country’s international trade gap in goods expanded as imports rose, data from Statistics Canada showed on…

Moody’s Investors Service kept its forecast for G-20 economic growth at just over 3% for this year and next, but warned of geopolitical risks, US protectionism and spillovers from global…

Asian as well as European traders returned to buying Wednesday, reversing the previous day’s losses as Donald Trump’s measured response to North Korea’s missile launch and upbeat US data…

Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more to prevent its rising debt spinning out of control.

Swedbank on Tuesday raised Estonia’s 2017 real growth forecast by 1.3 to 3.5%, and next year’s forecast by 0.4 to 3.2% in its latest economic outlook, err.ee reported. In April the bank…

August has been yet another bearish month for the greenback, leaving the American currency poised to post its sixth consecutive monthly fall – its longest losing streak in more than 14 years.

By some measures, Japan's current run of economic growth shapes up well against booms of years gone by. A quick glance at gross domestic product data shows six straight quarters of expansion,…

Greece’s economic growth rate will be close to 2% this year, slightly above the government’s revised projection, Prime Minister Alexis Tsipras said on Tuesday, Reuters reported. The crisis-hit…

The Saudi Arabian Monetary Agency (SAMA), which is analogous to the Saudi Central Bank, has lost about $250 billion of its cash assets in just three years reaching its lowest levels in six years…

Russia’s up-and-coming economy minister says his country is no longer suffering from US and EU sanctions, and sees better prospects for future trade in Asia.

Slovenia should use good economic conditions to further reduce its budget deficit, the Bank of Slovenia said on Tuesday, noting the deficit is falling faster than it had expected last year,…

Turkey’s foreign trade deficit increased by 82.5% in July compared with July 2016, according to official data, Anadolu Agency reported. The provisional data, produced with the cooperation of the…

Denmark’s right-leaning government said it aimed to cut the world’s highest rates of personal taxation to encourage people to work more and to prolong an economic upswing, Reuters reported. The…

World stocks tumbled and safe-haven assets jumped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang.

The French economy continued growing at a modest clip in the second quarter after Emmanuel Macron was elected president in May, a second reading on gross domestic product showed.

German consumers are heading into the autumn with a sunny summer disposition, expecting to spend more of their rising incomes as Europe’s biggest economy continues powering on.

Small companies risk going out of business because of the threat from cyber attacks in Scotland, experts have warned. Earlier this summer organizations and businesses in the Highlands lost…

A surprising alliance is slowly coming together, in the global war on cash. Large internet-based companies and commercial banks are mixing interests with top-level governmental bodies to press…

Gold prices crossed above the key $1,300-level on Monday, as the US dollar sank to its lowest in more than a year after Federal Reserve Chair Janet Yellen’s speech at Jackson Hole made no…

World stocks were mostly lower Monday as the euro’s gains sent European shares lower and investors waited for damage assessments from Tropical Storm Harvey, which battered Texas’ refinery-rich…

Intra-regional trade between nations within the Red Sea region is improving but falls well short of other trading blocs, according to new research published by the Red Sea Foundation.