World Economy

The International Monetary Fund, a key creditor in Greece's bailout, will not participate in any further rescues of the debt-wracked country, Germany's finance minister told a Greek newspaper…

Artificial intelligence may not be so threatening after all. Amid warnings of the economic disruption that robots and automation could unleash on the world economy as traditional roles disappear,…

Fitch Ratings subsidiary BMI Research on Friday joined the World Bank in revising South Africa’s economic growth for this year to 0.7% from its previous forecast of 1%, warning that pursuing a…

The odds of a recession in the US economy are rising as the list of recession indicators flashing red grows.

Cuba’s economy minister told a cabinet meeting that the economy performed in line with official plans in the first half of 2017, after the government forecast full-year growth of around 2% last…

Portugal has made an early repayment of €1 billion ($1.14 billion) to the International Monetary Fund and intends to repay a further €2.6 billion of bailout loans by August, the government said…

The EU’s top trade official said the Japan-EU free trade deal will send “a strong message” against protectionism, as the two sides look to ink a long-awaited agreement.

South Korea’s exports posted double digit-growth for a sixth month in a row in June, overriding tepid manufacturing activity as normalizing global demand continued to boost sales of memory chips…

Starting July, Saudi Arabia is expected to collect a new levy from expatriates and their dependents in a move seen to augment state revenues.

The monthly levy will be SR100 ($26.66) per…

While there is no official estimate of the potential fiscal gain, some tax experts say the GST, after the initial teething trouble, would lift the tax-to-GDP ratio by as much as 4 percentage…

Germany’s benchmark 10-year bond yield has made its biggest weekly jump since December 2015. Borrowing costs across the eurozone and beyond also rose as investors prepare for an end to the period…

Many businesses still struggled on Friday to recover hopelessly scrambled computer networks, collateral damage from a massive cyber attack that targeted Ukraine three days ago.

The Philippine economy is expected to expand by 6.8% this year, the World Bank said Saturday, ABS/CBN reported. The organization attributed the country’s expected growth to strong exports, high…

China’s consumer economy is expected to continue to grow fast and may increase by $1.8 trillion by 2021, according to a recent report, Xinhua reported.

Zambia recorded an economic growth of 3% in the first quarter of 2017 with the agriculture, forestry and fishing sectors contributing the highest percentage of 1.7. The manufacturing and energy…

The International Monetary Fund has approved a $312 million three-year credit program for Chad to help boost an economy hit by low oil prices, big debt and lasting security issues, Reuters…

The Danish economy performed better than expected in the first quarter and last year, revised figures showed on Friday, highlighting the need for reforms to avoid labor shortages, business lobby…

Russian President Vladimir Putin has signed a decree extending duration of countersanctions against a number of countries until December 31, 2018, the document published on the official website of…

Inflation in the Eurozone fell in June, dampening market expectations of tighter monetary policy from the European Central Bank. Early estimates of inflation from the European Commission showed…

Brazil’s jobless rate fell unexpectedly in the three months through May, data showed on Friday, in an early sign of improvement as the economy slowly emerges from recession, Reuters reported.…

Unemployment rate in Norway has fallen to 2.6% in June, figures from Norwegian Labor and Welfare Administration shows. 71,500 people were registered as fully unemployed in June 2017, TNP reported…

Canada’s economy grew for a sixth consecutive month with gains in a majority of industries, underlining the central bank’s view a durable recovery from an oil shock is emerging, Bloomberg reported…

Turkey’s foreign trade deficit rose 43.4% in May against the same month in 2016, the Turkish Statistical Institute said Friday. The monthly deficit was $7.3 billion as imports increased by 21.7%…

Persian Gulf Arab stock markets were mixed on Thursday, with banks in the UAE and Kuwait generally weak despite a strong performance by their global counterparts.

Japan’s consumer prices rose for the fifth straight month in May, government data showed on Friday, but weak household spending underlined the challenges facing Tokyo’s fight to rid the world’s…