World Economy

Mexico sent a stark message to US President Donald Trump on Thursday, saying an upcoming visit by Mexican officials to China showed Latin America’s second largest economy had other places to…

Emirates Group, the biggest long-haul airline, posted its first decline in annual profit for five years as the low oil price weighed on Persian Gulf Arab economies and terrorist attacks…

It's starting to look a lot like the Great Recession redux for retailers. More than twice as many stores have closed this year than at the same point last year. Bankruptcies are far outpacing last…

The European Bank for Reconstruction and Development Board of Governors has approved the engagement of the EBRD in the West Bank and Gaza for an initial period of five years to support the…

Gold fell to its lowest since mid-March as the election of centrist Emmanuel Macron as French president reduced demand for bullion as a safe haven while stocks and the dollar rose and 10-year US…

The Brazilian government plans to change the bankruptcy law to help indebted firms emerge faster from creditor protection, Finance Minister Henrique Meirelles said. The changes would reduce the…

Malaysia’s central bank is seen keeping its benchmark rate steady on Friday, taking comfort from a stabilizing economy and ringgit currency even as headline inflation hit an eight-year high in…

Irish households have reduced their debt as a proportion of disposable income more than any other European Union country over the past four years, RTE reported. However, new figures from the…

The Swiss National Bank takes its money seriously. Fresh from winning banknote of the year for its 50-franc denomination, it unveiled a new 20-franc design on Wednesday that Vice President Fritz…

Equities in Asia closed mixed on Wednesday as investors digest the dramatic dismissal of FBI Director James Comey in the US and follow the inauguration of liberal candidate Moon Jae-in after his…

On one hand where India has the world’s most expensive residential house, it is also home to several slums and alarming number of homeless people, on the other. It is this unhoused sector that…

With a liberal, pro-European Union centrist elected as president of France, populism has been defeated. Growth is stronger, and prices are starting to rise again. Investment is recovering, and…

Egypt’s annual urban consumer price inflation hit a three-decade high in April, adding pressure on the government to lower prices before the holy month of Ramadan begins at the end of the month.…

Italian industrial output rose 0.4% in March, just above market expectations, national statistics office ISTAT said on Wednesday. The March increase followed a 1% rise in February and compared…

Beijing is tightening credit, putting pressure on Chinese assets and leaving investors to wonder if the ripples will spell trouble for US stocks.

Emmanuel Macron’s win in the French presidential election is “good news” for trade-reliant Asia as it eases fears of rising protectionism in Europe, the International Monetary Fund said.

Sub-Saharan African governments’ sluggishness in getting their public finances back on track has hit growth, the International Monetary Fund has said, trimming its 2017 forecast for the region to…

electricity generation and help the economy recover from its first contraction in 25 years. The bank’s private-sector lending arm, the International Finance Corporation, may invest about $1.3…

The economy has received a good report card from the International Monetary Fund, although it is still at risk from a hot housing market and global downturn. The IMF’s final report on New Zealand’…

The UAE’s non-oil trade increased by 1% in 2016 to reach Dh1.6 trillion ($44 billion) compared to a year earlier despite economic challenges, the federal customs authority said. Non-oil general…

Risk perception for most of the world’s countries has improved in the past year, according to a Standard Chartered analysis of credit default swaps, or CDS, contrasting with deterioration in…

Brazil’s economy will post growth of between 0.7% and 0.8% in the first quarter, turning the corner on a two-year recession, Finance Minister Henrique Meirelles said. In an interview with…

Globalization's rise in recent decades has widened income inequality in the US while padding executives' pockets, according to a study put out by the National Bureau of Economic Research that…

Bahrain’s foreign-currency reserves tumbled 11% in February, extending a decline that has fuelled speculation that the island kingdom would either tap international bond markets soon or seek…

Irish consumers remain upbeat about prospects for the economy following Britain’s vote to exit the European Union but cautious about how much they will personally gain from surging economic growth…