World Economy

Sweden’s booming economy slowed to 0.4% in the first quarter of the year, to the surprise of economists, thelocal reported. Driven by strong consumption and investment, growth was 2.2% year on…

German consumer inflation probably slowed more than expected in May, falling below the European Central Bank’s target of just under 2%, regional data suggested on Tuesday, taking some pressure off…

Asia has been the world champion of economic growth for decades, and this year will be no exception. According to the latest International Monetary Fund Regional Economic Outlook, the Asia-Pacific…

Singapore said Tuesday it had fined Credit Suisse and a local lender for breaches of the city-state’s anti-money laundering laws relating to a corruption scandal at Malaysian state fund 1MDB.

Japan’s ratio of job openings to job seekers in April climbed to the highest level in 43 years and two months, while the nation’s unemployment rate stayed at the same level for three straight…

Ireland’s unemployment rate held steady month-on-month at 6.4% in May but was down from 8.4% a year ago, showing the scale of the improvement over the last 12 months, data showed on Tuesday,…

EU anti-trust regulators cleared the buyout of Areva’s troubled state-owned nuclear reactor business by EDF, the electricity supplier also owned by the French state, AFP reported. Problem-prone…

Ethiopia has officially overtaken neighboring Kenya as East Africa’s economic giant. According to International Monetary Fund figures, Ethiopia’s annual economic output for this year was expected…

Global sales of personal luxury goods will grow by a stronger-than-expected 2-4% at constant exchange rates in 2017, as higher spending in Europe and China outpace weakness in the US and Southeast…

Almost a decade after a crisis that nearly brought down the global financial system, markets still aren’t showing much confidence in banks. It’s a troubling phenomenon that US and European leaders…

The Russian economy will soon have to face various external and internal challenges, primarily the general slowdown in global economic growth, Russian Central Bank Governor Elvira Nabiullina told…

Egypt announced a $2.49 billion package of income tax discounts, bonuses for state employees, increased pension payments and cash subsidies for lower- and middle-income Egyptians to cope with…

Global trade in 2015–2016 showed the lowest growth rate since 2009. But in late 2016–early 2017, in spite of the alarming trends and general uncertainty, signs of its revival started to show. The…

The European Central Bank is “firmly convinced” it must maintain its massive interventions in the eurozone economy to avoid undermining a gathering recovery, bank president Mario Draghi said late…

Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the crypto currency’s price fall almost 19% from its recent record high.

Eurozone money supply and credit to private sector grew at slower pace in April, the European Central Bank reported Monday. The broad monetary aggregate M3 climbed 4.9% annually, slower than the 5…

The prospects for Asian banks are good chiefly because the prospects for Asian economies are good, the managing director of the Monetary Authority of Singapore, Ravi Menon, said.

Consumer confidence was little changed in May, according to the latest sentiment index compiled by Bank of Ireland. The buying climate remained positive with about four in ten consumers thinking…

India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services, a Reuters poll of economists found.

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Finland’s consumers are more optimistic today than when Nokia Oyj dominated the mobile phone world, Bloomberg reported. Consumer sentiment rose to 24.1 in May, the highest reading since records…

A strike at Italian carrier Alitalia, placed in administration earlier this month, grounded 200 flights Sunday, the airline said, adding it managed to reassign some 80% of passengers affected.

Concerns over Italy’s banks and Britain’s national election campaign dominated holiday-thinned European financial markets on Monday, prodding stock markets lower after Asian share indices fell…

Investors are fleeing Brazil, yet option prices indicate that Latin America’s biggest economy should still be able to implement reforms that will benefit growth despite a corruption scandal that…

The International Labor Organization has said that over 210 million people are unemployed globally and that by 2030 the world would need 600 million extra jobs.

China is borrowing to finance 40% of its economic growth and the debt surge is fuelling concern about the financial and economic stability of the world’s second-largest economy.