World Economy

British consumers have suffered the longest decline in their spending power since the 1970s, official data showed on Friday, although there was a sign that the economy may have recently gathered a…

The International Monetary Fund has given an upbeat assessment of Portugal’s economy, after years of dark warnings that brought a rebuke from the Portuguese government. AP reported. The IMF says…

The French government will open a tribunal in Paris to handle financial cases in English in an effort to attract more American banks after Brexit, a top official said Thursday.

One of India's most ambitious economic reform plans in 70 years will ultimately boost tax receipts and provide simplicity for businesses, but the true impact may not be felt for at least a decade…

Asian markets went into reverse Friday after Wall Street and Europe suffered hefty losses in response to central banks’ signals that the end to the era of cheap-money was drawing to a close.

Global equity listings rose sharply in the first half of the year, compared with a year earlier, driven by the US market as well as rights issues in Europe, Thomson Reuters data showed, but…

South Korea does not face an imminent crisis over its growing household debt, but it needs to address some inevitabilities, foreign economists said Wednesday.

South Korea's household debt…

Deutsche Bank AG, the German lender seeking to overhaul how it manages risks, made a bet on US inflation that puts the firm on course to lose as much as $60 million, people familiar with the…

A global stock market sell-off pulled shares lower in Asia on Wednesday as investors grew cautious following losses on Wall Street sparked by a delayed health care vote. Sentiment was clouded in…

In an indication that Trump administration’s tax cut and fiscal spending plans are not likely to boost economic growth, the international Monetary Fund has revised its 2017 gross domestic product…

Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States…

The Persian Gulf Arab states are considering fresh sanctions on Qatar and could ask their trading partners to choose between working with them or Doha, the United Arab Emirates ambassador to…

The average unemployment rate in Hungary between ages 15 and 74 was 6.8% in May-July, the Central Statistics Office has said, NewsNow reported. The jobless rate was down from 8% year-on-year and…

If your main worry over automation is losing your job, history suggests you’ll probably be just fine. After all, even a century of unprecedented technological advancement in transportation,…

The European Union on Wednesday formally rolled over damaging economic sanctions against Russia for another six months, saying Moscow had failed to live up to its Ukraine ceasefire commitments.

French consumer confidence hit a 10-year high in June, exceeding expectations by a long-shot following a surge in morale after the presidential election, data from the official INSEE statistics…

After severe jitters in 2015 and 2016, the Chinese economy and its foreign exchange rate have been mostly stable in 2017. Except for volatility in interest rates and the stock market, everything…

Growth in bank loans to eurozone households rose to a post-crisis high in May while a key money supply indicator, which often predicts future economic activity, rose slightly, RTE reported. This…

Philippines government economic managers said Wednesday the decision of Moody’s Investors Service to maintain the Philippines’ debt rating at investment grade reflects the economy’s robust growth…

There is a growing divide within the Bank of England about if and when the central bank should raise interest rates back to the level they stood for seven years before last summer’s emergency post…

After turning the corner from a downturn in oil prices, growth in the Canadian economy will likely moderate in the coming months but still remain “above potential”, Bank of Canada Governor Stephen…

US telecommunications firm Sprint is exploring a possible alliance with cable companies Comcast and Charter Communications that could boost their wireless plans, The Wall Street Journal reported…

The EU’s powerful anti-trust regulator will slap Google with a record fine as early as Tuesday in another European blow against a US tech giant, sources said, AFP reported.

Italy’s consumer confidence improved more-than-expected in June, while business confidence rose marginally, survey data from the statistical office Istat showed Tuesday, RTT reported. The consumer…

China will increase access to the service and manufacturing sectors, relax restrictions on foreign ownership, and treat Chinese and foreign companies on an equal basis, Premier Li Keqiang said…