World Economy

France has a “unique window of opportunity” as growth picks up to tackle its weak public finances and high unemployment while reversing its decline in competitiveness, the International Monetary…

China’s economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic…

Nervous eurozone bonds markets were steady on Monday, biding their time ahead of this week’s European Central Bank meeting for the latest signals on how the central bank plans to scale back its…

A growing number of companies in the US are finding it difficult to recruit skilled workers, which threatens to curtail profits and growth, according to a quarterly survey conducted by the…

Bank of Korea’s upward revision last week of its 2017 growth forecast for the economy was overshadowed by its gloomier estimate of the growth potential of Asia’s fourth-largest economy.

Lloyd’s of London has warned that a serious cyber attack could cost the global economy more than $120 billion–as much as catastrophic natural disasters such as Hurricanes Katrina and Sandy in the…

Ireland’s trade surplus jumped by more than a third to €4.3 billion ($4.93 billion) in May, while there was a notable rise in the level of trade with the United Kingdom, RTE reported.

As Australia’s local merchants struggle with an influx of global names, leading malls are considering returning to their village center roots to woo new tenants by moving away from shops and…

According to the International Monetary Fund, Russia’s need for a new growth model was already apparent before the last recession. Now, when the country is recovering from the crisis, the fund…

Abu Dhabi’s trade in pearl, gemstones and precious metals surged 66% to Dh15.4 billion ($4.19 billion) in 2016, compared to Dh9.25 billion in 2015, a report said, citing the Statistics Center-Abu…

The government in Seoul decided Sunday to inject some three trillion won ($2.6 billion) next year to relieve smaller businesses of financial burden from the effect of the increase in minimum wage…

Bilateral talks aimed at reducing the US trade deficit with China have yielded some initial deals, but US firms say much more needs to be done as a deadline for a 100-day action plan expires on…

The influential UK-based Ernst & Young Item Club will on Monday slash its forecast for economic growth amid rising fears over weakening consumer spending coupled with the squeeze on real wages…

With inflation falling to record low levels and industrial growth slipping to below 2%, bankers and economists in India feel the pressure has increased on the Reserve Bank of India to cut…

Bank Indonesia has expressed its confidence that the country’s economy grew by 5.1% year-on-year in the second quarter of this year as retail sales began to recover.

The International Monetary Fund said that while Canada’s economy has regained momentum, housing imbalances have increased and uncertainty surrounding trade negotiations with the United States…

Oman’s economy is expected to witness a slowdown in 2017, but the country is well placed to deal with the challenges posed by the economic slowdown in the short term, the Central Bank of Oman said…

The country’s trade deficit increased by 42% in the 11 months from July to May period of the fiscal year 2016-17, marking $9.2 billion, while it was $6.45 billion in the corresponding period of…

Wells Fargo said it eliminated more than 2,000 jobs last quarter, its biggest drop in four years, as the San Francisco-based bank pushes forward with efforts to slash costs following a scandal…

The International Monetary Fund has blamed Zimbabwe’s unrelenting cash shortages on government’s runaway spending and a comatose economy, AllAfrica reported. IMF’s outgoing mission chief for…

The eurozone needs a joint budget to increase investment and Germany should be prepared to do more in Europe, possibly by increasing its financial contribution to the bloc, SPD leader Martin…

OPEC’s decision to extend production cuts agreed in November last year through to the end of March 2018 will have a significant effect on headline growth in the (Persian) Gulf Cooperation Council…

Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing payments.

As a result of the ongoing blockade, Qatar has been able to identify alternative sources for construction materials of superior quality at competitive prices. While the country’s construction…

China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse.