World Economy

Europe's economic recovery is showing surprising strength, as key surveys of business activity and optimism hit their highest levels in years. The data released Tuesday hold out hope that the…

A survey shows that business confidence in Germany has risen to its highest level in 26 years. The strong showing was slightly above economists’ expectations.

French private sector activity expanded for an eleventh consecutive month in May, boosting the economic outlook of the eurozone’s second largest economy, according to data released on Tuesday.

The outlook for Asia and the Pacific is the strongest in the world, but it is shrouded by challenges at home and abroad, according to the latest International Monetary Fund report for the region…

Brazil, attempting to extricate itself from a recession as its president fends off a corruption scandal, has a well-kept secret: A thriving financial technology (fintech) sector that has managed…

The business confidence index in Bahrain has risen to more than 19.91 positive points in the second quarter of 2017, according to a survey conducted by the Information & eGovernment Authority…

Germany’s economic upswing will lose some momentum in coming months after Europe’s biggest economy enjoyed a solid start to the year, the finance ministry said in its monthly report on Monday,…

Egypt’s financial community says Sunday’s 2% interest rate hike, in line with calls from the International Monetary Fund, will do little to curb rampant inflation and will harm investment at a…

Spending levels across the Australian economy stalled last month, according to the latest Business Sales Indicator released by the Commonwealth Bank on Monday, Business Insider reported.

China and Russia on Monday completed the formal registration of a joint venture to build a wide-body jet, kick-starting full-scale development of a program aimed at competing with market leaders…

Many Namibians still struggle with debt despite a recent report by the Namibian Financial Supervisory Association and the Bank of Namibia giving that country’s financial sector a clean bill of…

In 1997, the Asian financial crisis touched off a six-year property bust in Hong Kong that shaved more than two-thirds off prices and saddled the city with a stagnant economy and deflation.

Spain’s labor market reform has helped bring down sky-high unemployment but critics complain the bulk of the jobs it created offer lower salaries and less security.

Without the 2012 law “we…

Cathay Pacific Airways Ltd., Asia’s biggest international airline, will eliminate 600 jobs as part of the biggest revamp in two decades following its first loss in eight years, Bloomberg reported…

The World Bank released a report which predicts Kazakhstan’s economic growth will pick up slowly in the medium term, but highlights it will remain much lower than before 2014. The report adds real…

Pressure on Saudi Arabia's finances will make it eager to secure a deal on oil output cuts at this week's talks among global producers. A rapid decline in the government's huge budget deficit is…

Japan’s exports rose in April to mark their fifth straight month of gains, as shipments of semiconductors and steel expanded, signaling that more robust overseas demand could underpin a steady…

Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people.

If they do that, there is no reason why the region cannot…

The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said late Saturday it had raised over $93 billion to invest in technology…

Senior officials from the Asia-Pacific Economic Cooperation have shown interest in the Belt and Road Initiative, describing it as positive.

India has lately been pursuing an ambitious goal: a cashless economy. Despite early missteps and frustrations, it will turn out to be a change for the better for the country’s 1.3 billion people.…

Italy's plan for an €8.8 billion ($9.8 billion) bailout of Banca Monte dei Paschi di Siena SpA faces resistance from the European Central Bank, which is concerned the lender may struggle to…

A majority of people in Thailand want the government to take measures to spur the economy, trade and investment in order to build people's confidence, according to an opinion survey by Suan Dusit…

With the first-quarter earnings season coming to a close, the verdict is in on the synchronized global expansion: It’s alive and well.

A picture of strong earnings growth and positive…

Ministers from 11 Trans-Pacific Partnership countries agreed Sunday to complete preparatory work by November to put the free trade pact quickly into force, taking a step closer to implementing the…