World Economy

A decade has passed since the start of the financial crisis, but when it comes to handling struggling banks, the European Union still hasn’t moved on.

Venezuela’s President Nicolas Maduro on Sunday announced a 50% increase in the monthly minimum wage to 97 bolivars, or about $37 at the official exchange rate, AFP reported. The increase is the…

Head of the African National Congress’s economic transformation committee, Enoch Godongwana, says for the economy to benefit all people, its structure needs to change. He was speaking on Morning…

The Asian nations hit hardest 20 years ago by a crisis that sent currencies and stock markets tumbling, saw governments fall and pushed millions back into poverty, now have some of the strongest…

Consumer price index in Pakistan year-on-year increased by 3.93% during June 2017 as compared to the same month of the last year, APP reported. On month-on-month basis, the inflation witnessed a…

The Reserve Bank board will be facing record-high debt levels when it decides on Tuesday whether or not to follow other central banks by lifting the official cash rate, AAP reported. Ten years…

As food prices decreased in June, especially for fruits and vegetables, the consumer price index fell monthly by 0.27%, above market expectations, bringing the annual inflation in Turkey to four-…

The Scottish economy is still suffering the effects of a fall in the price of oil and gas, a government minister has said. Speaking on the Sunday Politics Scotland program, employability minister…

The long awaited cross-border trading scheme, which initially will give international investors access to China’s $9 trillion bond market via Hong Kong Exchanges and Clearing, marked a milestone…

As anti-globalization activists took to the streets in Hamburg ahead of this week’s G20 summit, German Chancellor Angela Merkel said leaders will have to focus on sustainable and inclusive…

There is no behind-the-scenes pact between powerful central bankers to tighten policy but the potent effect their actions have on financial markets means they want a deeper understanding of each…

Hisham Gaber had been preparing his wedding for months, but started to have second thoughts as inflation in Egypt rocketed due to government austerity measures, including sharp increases in fuel…

Oman’s economy is one of the most vulnerable to prolonged lower global oil prices and the impact is expected to reflect in a prolonged slowdown in public spending and non-oil economy, according to…

After buying big American brands like Apple, Pepsi and Yahoo!, activist shareholders—investors in search of big dividends—now are setting their sights on European companies like Nestle.

“No…

A recently released OECD report highlighted the achievements of China’s structural reform, including the continued growth of per capita income, narrowed rural-urban inequality and streamlined…

The International Monetary Fund is more optimistic about Portugal, expecting its economy to grow 2.5% this year and the 1.5% target for the deficit will be met. It says that the government should…

The value of Turkey’s exports rose 1.8% year-a-year to $12.7 billion in June, the country’s main exporters’ association said late Saturday. The Turkish Exporters’ Assembly, or TIM, said exports in…

Saudi Arabia’s economy shrank by 0.5% in the first quarter, illustrating the scale of the challenge facing the country’s new heir as he tries to overhaul an economy still reliant on a struggling…

The Canadian economy is humming along as the country nears its 150th birthday, according to the latest outlook reports from the Organization for Economic Cooperation and Development, the…

Qatar said a series of demands made by several Arab states to lift a crippling blockade were designed to be spurned and clearly aimed at infringing its sovereignty, AFP reported.

The cash that keeps flowing into Hong Kong is keeping interest rates down, say analysts, despite the Hong Kong Monetary Authority’s best efforts to make mortgages more expensive and cool Hong Kong…

Traders who fled banks for hedge funds are on their way back to Wall Street.

Chinese President Xi Jinping is paying a state visit to Moscow from Monday to Tuesday at the invitation of his Russian counterpart Vladimir Putin, the third meeting between the two leaders since…

Housing prices are facing a double whammy of a potential Brexit recession and a fall in real earnings, according to two leading professors at the London School of Economics.

The warning…

Vietnam exports surged, leading the way for higher GDP expansion. The GDP rose 6.17% year over year in the second quarter of 2017 compared with 5.15% in the previous quarter, Seeking Alpha…