World Economy

Airbus Group SE announced a drastic cut in production of its flagship A380 superjumbo, acknowledging that demand has fallen far short of original projections and raising the prospect of the…

China’s Premier Li Keqiang told European Union officials on Wednesday that the country was committed to market reforms and remained determined to tackle a steel capacity glut that has sharpened…

Britain is battling against “spiraling uncertainty” and is now on track to slip into recession by the end of the year, according to the latest forecasts from bankers at Barclays.

In the…

US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a “global financial disaster”, a report says.

A…

Japan’s government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank’s 2% target,…

France’s public deficit targets are at risk in the coming years because the government may fail to rein in spending fast enough, the IMF warned on Tuesday as it trimmed its 2017 growth outlook due…

Ireland’s economy grew an incredible 26.3% in 2015, according to new data released by the country’s Central Statistics Office on Tuesday, Business Insider reported. GDP growth was revised upwards…

Britain’s decision to leave the European Union is costing Kenyan fresh-produce exporters $79,000 a day because of the pound’s slump against the dollar, the head of the industry association said,…

China’s state-owned aircraft maker has signed a deal to sell up to 60 of its new regional jets to a leasing company in a deal worth up to $2.3 billion, Reuters reported. In a joint statement late…

Seagate Technology Plc, a maker of disk drives for computer storage, expanded plans to cut jobs to 14% of the workforce, seeking to reduce costs to weather a prolonged slump in demand, Bloomberg…

The International Monetary Fund called for action over concerns relating to the bail-in of retail investors in Italy, noting that “very high” amounts of non-performing loans and slow…

UBS Group AG, the world’s biggest manager of money for rich people, imposed a partial hiring freeze at its wealth-management business to cut costs, said two people with knowledge of the matter.

The people waiting for hours in front of the drugstore were dazed with heat and boredom when the gunmen arrived.

The robbers demanded a cellphone from a 25-year-old man. Instead of handing…

Eurozone finance ministers have agreed Spain and Portugal are in violation of budget rules. Any potential penalties are likely to be soft in order to avoid an anti-EU backlash or hamper economic…

China’s economic growth likely cooled to a fresh seven-year low of 6.6% in the second quarter as the industrial sector loses steam and a boost from financial services fades, according to a Reuters…

The UK economy went into the referendum on European Union membership with little momentum, according to the British Chambers of Commerce.

Sri Lanka raised $1.5 billion in its first sale of dual-tranche eurobonds at a lower borrowing cost than initially expected, as yield-hungry global investors put in $6.6 billion in offers, Reuters…

Multinational corporations colluding with corrupt officials are shielded by a lack of transparency, a new report says. These unscrupulous practices are exacerbating poverty, the document adds.

The yield of Britain’s benchmark 10-year government bonds hit another record low on Monday as a batch of data painting a somber outlook for the British economy sent investors scrambling for safe-…

Gold prices rose slightly on Monday, underpinned by uncertainty following Britain’s Brexit vote even as equity markets rallied on the back of upbeat US jobs data, Bloomberg reported. Spot gold,…

Angola’s failure to agree to a new Extended Fund Facility with the IMF will leave it struggling to “go it alone” in managing numerous economic pressures, according to a note from Moody’s, FT…

Russia will press on with major privatizations this year, senior government officials said on Monday, after the sale of a further 10.9% stake in diamond company Alrosa raised 52.2 billion rubles…

Shares rose in Europe and Asia on Monday and the safe-haven yen tumbled against the dollar after upbeat US jobs data, though the prospect of more stimulus to counter a weak global growth outlook…

As EU and US negotiators have begun a new round of talks on the Transatlantic Trade and Investment Partnership free trade pact, Greenpeace has published leaked documents, saying they would show…

Switzerland’s politicians have done too little to protect the country’s banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti said.

Since the financial…