World Economy

Russia’s economy is facing a different range of issues than those facing the US, Japan and the eurozone and so the central bank has to take a different approach, Russia’s central bank governor…

The dark perspectives for the Mexican economy next year will cause losses of jobs in various sectors, warned the head of the Ministry of Labor and Social Welfare, Alfonso Navarrete.

He said…

The Bitcoin monetary inflation rate decreased from 30-50% in 2011 to 4% this year, demonstrating the rapid mainstream adoption of the cryptocurrency in various markets.

Canada’s annual inflation rate in August dipped to a 10-month low of 1.1%, the seventh consecutive month it has remained below the Bank of Canada’s 2% target, Statistics Canada said.

The primary objective of the Nigerian government’s fiscal stimulus plan is not about selling off all major national assets, the Minister of Budget and National Planning, Udoma Udoma, has said. He…

South Korea has one of the fastest growing levels of household debt as a percentage of gross domestic product among major economies in the world, a Switzerland-based international organization of…

The recent Middle East Job Index survey, compiled by the Middle East’s leading job site, Bayt.com, and research and consulting group, YouGov, has revealed that the majority of employers across the…

The International Monetary Fund called on the European Union to grant Greece additional debt relief and soften its demands for budgetary efforts.

Even if Athens fully respects a prescribed…

The real level of bad debt in China might be 10 times the official number, according to the ratings agency Fitch. But don’t worry! Fitch says that a “one-off resolution” of those non-performing…

French growth suffered a downward revision, just days before the government puts together its final budget ahead of presidential elections next year.

France’s economy contracted by 0.1% in…

Algeria plans to allow its dominant state banks to list on the local stock exchange to help develop its financial markets and diversify sources of funding after the oil price slide, a senior…

Small businesses are considered the backbone of the economy, particularly as half the people that work in this country own or work for a small business.

But they are suffering with…

General Electric Co.’s credit rating was cut by S&P Global Ratings on concern that the industrial giant may add debt to support future acquisitions, Bloomberg reported. The long-term corporate…

EU ministers are clearing up the final points of contention in the Comprehensive Economic and Trade Agreement free trade agreement with Canada. The Transatlantic Trade and Investment Partnership…

US Vice President Joe Biden urged Ukraine to “straighten up and fly right” or the EU might lift Russia sanctions.

The EU is falling apart. Europe’s exporters face a crisis. Its southern economies are troubled. Germany has economic challenges of its own. But as Europe’s crises deepen, something else will…

Cash-strapped Hanjin Shipping Co. said Friday that a German court has accepted its stay of proceedings, paving the way for its ships to unload or take on containers at ports in the European…

India’s foreign exchange reserves went down to $369.60 billion as on September 16, the Reserve Bank of India announced, IANS reported. According to data released by the RBI, the reserves…

Ratings agency Moody’s has cut Turkey’s key bond ratings to what is effectively junk status, citing risks including slowing economic growth, news.com reported. S&P Global Ratings downgraded…

While analysts warn the global investment slowdown will have repercussions for the global economy, UNCTAD has updated its advice on investment facilitation, helping countries to make it easier for…

Argentina is poised to issue its first euro-denominated bonds in 15 years as the sovereign continues its rehabilitation in the capital markets.

The country is expected to come with a…

Goldman Sachs is cutting almost 30% of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the…

The pace of economic growth in Spain has held up well despite ongoing political stalemate, but signs are emerging that the lack of a permanent government is hurting some areas of the economy,…

One hundred thousand jobs would be at risk if clearing leaves the UK, said London Stock Exchange Group Plc Chief Executive Officer Xavier Rolet.

The US economic, commercial and financial blockade against Cuba affects the country’s foreign trade and hinders the development of foreign investment.

According to a report prepared between…