World Economy

Scottish economic output contracted for a second consecutive month in August amid continued oil sector weakness, and the plunge in sterling following the Brexit vote has ramped up companies’ cost…

European stocks and bonds fell in a volatile market on Monday, hit by growing concerns that global central banks’ commitment to the post-crisis orthodoxy of super-low interest rates and…

Romania has the potential to increase its economy four times in the next 20 years and become one of the top 10 economies of the European Union, according to the Foreign Investors Council, an…

Business economists still think the US economy will continue to grow for the next two years, but they again have scaled back their expectations for just how much.

Various economic bodies have been worried about China’s corporate debt levels. That’s hardly surprising given that China’s total debt load rose to 250% of gross domestic product last year.…

A rift between the International Monetary Fund and the European Union over how to make Greece’s debt sustainable is damaging the country’s attempts at economic recovery, Prime Minister Alexis…

The Irish construction sector marked three years of expansion in a row in August, according to the latest Ulster Bank construction Purchasing Managers’ Index.

The monthly measure of…

Equities softened as disappointment over the European Central Bank’s decision to keep its monetary policy stance completely unchanged and uncertainty over the Federal Reserve’s interest rate…

Universities advertise Chinese classes in Vladivostok, the unofficial capital of the Russian Far East. Billboards offering cheap cancer treatments in South Korea litter the streets and cars…

The British Chambers of Commerce has released its first economic forecast since the EU referendum and has downgraded its expectations of the country’s GDP growth over the next three years.

While there is no doubt that the Malaysian economy is in challenging times, as with the rest of the world, it certainly does show a level of resilience and a promising prospect for the second half…

Turkey’s current account deficit stood at $2.6 billion in July, down more than $500 million year-on-year largely due to the closing gap between goods imported and exported, the Central Bank said,…

US bank Wells Fargo has fired more than 5,000 of its employees and been fined a total of $185 million for making up millions of unauthorized bank accounts on their customers’ behalf—often…

The New Zealand dollar is beginning to look overbought and therefore vulnerable to a sell-off, say FX brokerage LMAX Exchange, Nasdaq reported. “There is risk for a topside failure in the…

Hanjin Shipping Co. won court protection for its ships bound for the US, allowing the company to unload four vessels without fear of having them seized by creditors.

French President Francois Hollande’s government promised households a €1 billion ($1.1 billion) tax cut next year to distance itself from the punishing revenue grabs that characterized the…

The UK’s vote to leave the European  Union could throw up some winners in Asia.

That’s because Britain will be forced to deepen links with Asian trading partners and cut new deals…

World Bank Group and the New Development Bank set up by the BRICS nations signed a memorandum of understanding on Friday to strengthen their cooperation in addressing global infrastructure needs…

The Italian government will revise down its forecasts for growth and inflation when it presents a new macroeconomic scenario for its budget law, Economy Minister Pier Carlo Padoan told newspaper…

Cuba said Friday the United States’s 54-year-old trade embargo has cost the island $4.7 billion since April 2015 despite the former Cold War enemies’ historic rapprochement.

Washington and…

The International Air Transport Association released data for global air freight markets in July 2016 showing robust growth in demand.

Global economic growth will be so slow over the next 35 years that policymakers will struggle to meet the significant economic, social and political challenges that results, Deutsche Bank said.

The UK trade deficit, which reflects the difference between imports and exports, shrank to £4.5 billion ($5.97 billion) in July from £5.6 billion the previous month, the Office for National…

Multinationals should refrain from tax avoidance practices and pay their fair share of taxes, the head of eurozone finance ministers said on Saturday, in a new endorsement to the European Union…

Greek Prime Minister Alexis Tsipras has called for more pro-growth policies in Europe during a mini-summit of southern European nations in Athens. He also urged Europe’s Mediterranean countries to…