World Economy

Industrial production in Poland in April contracted by 0.6% year on year, while month on month it fell by 13.3%. Analysts surveyed by the Polish Press Agency predicted the y/y growth to be at 2%,…

Russia has sent a request to the World Trade Organization asking to hold consultations over Ukraine’s sanctions against Moscow, in place since 2014, Russian Economy Minister Maxim Oreshkin was…

Foreign direct investment between China and United States reached an all-time high of $60 billion in 2016, according to a recent report, which said the figure has elevated the importance of two-…

Peru’s economy grew by 2.1% in the first quarter versus the same 2016 period, its lowest rate in two years due to floods that weighed on construction activity, according to data released Saturday…

Investors in Asia are increasingly looking beyond the region’s heavyweights and placing their bets on lesser-known frontier markets, hoping to cash in on rising tides of economic growth and…

World Economic Forum founder and executive chairman, Klaus Schwab, said in his opening remarks at a WEF meeting on the MENA region in Jordan that the wide participation in the gathering underlined…

Political uncertainties and President Rodrigo Duterte’s unpredictable temperament could be some of the factors that may affect the economy’s growth trajectory going forward, Business Monitor…

Belgium has been providing tax/monetary benefits to those who bicycle to work, rather than drive, for quite some time now—with the program apparently even paying out around €93 million ($104.2…

A fresh Federal Reserve study on US citizens’ well-being has revealed that almost a third of adults are just getting by and are never far away from serious financial hardships. And this despite…

State Bank of Pakistan kept its key policy rate unchanged at 5.75% on Saturday, the bank said in a statement, citing stable inflation expectations and the gathering pace of economic activity,…

Several Brazilian hedge funds suffered their worst one-day losses in at least a decade after Brazil’s financial markets were slammed by a corruption scandal threatening to topple President Michel…

Corporate deposits held by South Korean banks decreased by the largest amount in the first three months of the year, central bank data showed Saturday, as businesses are moving to expand…

Egypt’s central bank is likely to hold interest rates on Sunday, even with inflation still soaring after the removal of currency controls last year.

Women in Scotland face earning £60,000 ($78,216) less in their lifetime than men because of the gender pay gap, the latest research on the long-running issue has found. Scottish Labor leader Kezia…

The International Monetary Fund improved its forecast for Russia’s economic growth this year to 1.4%, saying easier financial conditions and higher oil prices would help drive a recovery, a…

The Netherlands government on Saturday said it is considering a law that would give Dutch publicly listed companies a one-year period of “thinking time” during which they could freely reject any…

The European Central Bank will need to “show backbone” when inflationary pressure rises in the eurozone although an expansive policy remains justified for now, ECB Governing Council member Jens…

China buys more raw materials than any nation, but that doesn’t mean it always gets the best prices. So the government is altering domestic commodity exchanges to bring in more foreign investors…

Italy’s larger-than-expected rise in consumer prices in April could be an important signal of an economic rebound for the country’s struggling economy, but economists say Italy won’t see sustained…

King of Jordan Abdullah II inaugurated on Saturday the World Economic Forum on the Middle East and North Africa at the Dead Sea, Sharq al-Awsat reported.

Asia-Pacific trade ministers meeting in Vietnam this weekend may fail to issue a joint statement amid a dispute over wording, according to Russian Economy Minister Maxim Oreshkin, Bloomberg…

The Fijian economy is expected to grow by 3.8% this year, an upward revision from the October 2016 forecast of 3.6%, FBC reported. Reserve Bank of Fiji governor, Barry Whiteside, says with the…

Almost 2.6 million people in Portugal were at risk of poverty or social exclusion in 2016, 1.5 percentage points less than in the previous year, despite an increase of €79 ($88.5) in monthly…

The International Monetary Fund raised its forecast for economic growth in South Africa, saying the end of the worst drought in more than a century will lift agricultural production and rising…

The latest release of Australian unemployment data has largely caught economists, and by extension the market, sharply by surprise.