World Economy

The US debt situation is worse than commonly realized. Unaddressed, the surge in treasury borrowing over the last 10 years represents an accident in the offing. Fortunately, a few debt management…

Economic growth momentum in Dubai is fading with pace of business activities slowing to new low in several months, according to a new survey, ameinfo reported. Emirates National Bank of Dubai…

Kosovars vote on Sunday in a snap parliamentary election, hoping to elect a government that can improve the Balkan state’s impoverished economy and make progress in joining the EU, Balkaneu…

Russia regrets the European Commission wants to interfere with relations between commercial companies in implementation of gas projects, Russia’s Minister of Energy Alexander Novak told a…

A multi-billion dollar bidding war for most of Rio Tinto’s Australian coal mines has broken out between China-backed Yancoal and Glencore after the Swiss commodities giant made an unexpected offer…

Cutting Germany’s value-added tax rate from 19% would have only a limited impact on reducing trade surpluses that have been sharply criticized by US President Donald Trump, the country’s economics…

The near-term outlook for Egypt is positive. There has been a turnaround in Egypt’s external vulnerabilities, with strengthening foreign exchange reserves accumulation, stated Deutsche Bank…

India as a steel bright spot is highly encouraging and is on track to become a top global producer, says an industry body. According to the latest report from BMI Research, demand from…

In rapid fire moves that have stunned investors, Chinese authorities have begun tightening control over the yuan, lifting it sharply in a concerted effort to restore market confidence and…

The Nikkei Stock Average has regained 20,000 points and Japan’s jobs-to-applicants ratio is improving, yet Prime Minister Shinzo Abe’s reluctance to tackle reforms needed for the country’s growth…

South Korea's household debt grew at the third-fastest pace in the world in 2016 from a year ago, data showed Sunday, sparking concerns it may come as a time bomb for Asia's fourth-largest economy…

Shares in Qatari banks fell in early trade on Sunday after the central bank of the United Arab Emirates ordered UAE banks to be wary of any accounts they hold with six Doha-based banks, Reuters…

Leaders from Brazil, Russia, India, China and South Africa, which make up the handy moniker Brics, have their 9th annual gathering in two months amid increasing global and domestic challenges. The…

An International Monetary Fund staff team led by Tsidi Tsikata visited Zambia during May 31-June 10, to continue discussions on the 2017 Article IV consultation and the authorities’ request for an…

China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a…

Brazil’s annual inflation rate tumbled more than expected in May to the lowest in 10 years, data showed, underscoring bets on new interest rate cuts and a lower inflation target.

Ivory Coast attracted almost $10 billion in bids for its Eurobond auction in a sale that came less than a month after a four-day mutiny by soldiers, according to a person familiar with the matter…

The World Trade Organization said the United States had not fully complied with a 2012 ruling ordering it to halt subsidies to Boeing, in a partial victory for rival aircraft maker Airbus and the…

The Russian budget has adjusted to oil price swings, according to Finance Minister Anton Siluanov. The non-energy fiscal deficit has dropped, while the ruble has gained over 11% year-on-year,…

Credit ratings agency Moody’s on Friday said it had downgraded South Africa a notch over gloomy growth prospects and the political instability unleashed by corruption scandals engulfing President…

Canada’s economy added a net 55,000 jobs in May, blowing past expectations with a surge in full-time work. Statistics Canada reported Friday the economy added 77,000 full-time jobs, but that was…

The outlook for Bermuda’s banking system is stable with improving asset quality, strong capital buffers and sound liquidity, which balances profitability challenges, Moody’s Investors Service has…

North Korea’s global coal exports sunk to zero in April, UN data showed, as China choked off imports from Pyongyang to ramp up pressure on its nuclear-armed neighbor, AFP reported.

The EU launched an anti-trust probe into US semiconductor maker Qualcomm’s $47 billion purchase of Dutch rival NXP, the biggest ever in the sector, AFP reported. The European Commission said the “…

The Omani economy has been getting quite a few mixed signals from the international business community. On the one hand, the sultanate managed to sell bonds worth $5 billion, a success that even…