World Economy

Following Standard and Poor’s credit rating upgrade in October of last year, Fitch has now upgraded Malta’s sovereign credit rating from A to A+ with a stable outlook, MNA reported. In a…

Massive money printing to restart the global economy after the financial crisis has blown an even bigger bubble. Ten years after the last financial crisis, is the world due another one and will…

The Russian economy grew 2.5% year on year in the second quarter, its best annual rate since the third quarter of 2012, preliminary data from the Federal Statistics Service showed.

The…

The Bankers’ Committee of the Central Bank of Nigeria said the Nigerian economy was steadily pulling out of recession. The committee gave the review at the end of its 331st meeting in Abuja.…

Australia’s corporate regulator said it would investigate the nation’s biggest bank, the Commonwealth, over its handling of alleged breaches of money laundering and terrorism financing laws.

The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and…

The British economy is slowing down again, new estimates warn, as exports fail to live up to hopes that the weak pound would boost overseas sales, the National Institute of Economic and Social…

Prime Minister Shinzo Abe ought to prioritize regulatory reforms, according to economists in a monthly Reuters poll whose forecasts show they remain pessimistic on prospects for the pace of…

Since the outbreak of the financial crisis in 2007, financial institutions have paid more than Qatar’s GDP in fines for their wrongdoings. As investigations and lawsuits continue, that number is…

Foreign direct investment inflows into ASEAN have been steadily increasing this year and are expected to reach over $100 billion from the current $96.7 billion, said Malaysia’s International…

India’s steel exports doubled to 8.2 million tons and imports slashed by about one-third in 2016-17 on account of a slew of steps to safeguard domestic steel sector from onslaught of cheap…

A sell-off in heavyweight basic resources stocks prompted a third day of losses for European shares on Friday, putting them on track for their worst week this year.

Volatility jumped and…

The unemployment rate in Portugal fell 1.3 percentage points to 8.8% in the second quarter of 2017 compared with the previous quarter and was 2% down in comparison with the same period in 2016,…

Wage growth in the French economy softened in the three months to June, as the eurozone’s second largest member state recorded another rise in private sector job creation.

Earnings…

Merchandise trade deficit soared by almost 56% in July, the Pakistan Bureau of Statistics said on Thursday. It rose to $3.2 billion as the new fiscal year opened on the back of higher growth in…

The performance of the Chinese economy has been very impressive since the global financial crisis, a US economist said in a recent interview with Xinhua.

Unemployment in Nigeria, sub-Saharan Africa's largest economy, is running at more than 14% and climbing; in South Africa, the second largest economy, it is over 27%. For youth in both places, it…

In another sign of Finland’s long-awaited economic recovery, manufacturing orders rose by one fifth from January to June, compared with a year earlier. The metal industry is staging a…

Egypt’s inflation has jumped to almost 33%, the government said Thursday as Egyptians continue to brace themselves in the face of steep price hikes and austerity measures.

There are downside risks to India’s projected growth of 6.75-7.5% growth in 2017-18, the finance ministry’s Mid-Term Economic Survey said on Friday in a guarded forecast, indicating that…

Qatar’s dispute with its Persian Gulf Arab neighbors has hit the country’s banking sector as rating agency Moody’s Investors Service changes its outlook from stable to negative.

The European Union ranks as the world’s second-largest economy by gross domestic product, but few people globally see it as an economic leader ahead of China or the United States, according to a…

The forecast for world GDP growth in 2017 has been revised up to 3.6%, which would be the fastest growth in six years, according to the National Institute of Economic and Social Research.

Italian industrial output was stronger than expected in June, rising 1.1% after an increase of 0.7% in May and posting a healthy gain in the second quarter as a whole, data showed on Wednesday…

The Uganda economy could grow at a rate of 5.2% during the current financial year 2017/18, according to the latest World Bank update. That figure represents a 100% positive shift in the rate of…