World Economy

The 46th annual meeting of the World Economic Forum opened late Tuesday in Davos, Switzerland.

Inaugurating the meeting, Klaus Schwab, the founding chairman of WEF said the high-profile…

Turmoil returned to global markets as oil plunged and European stocks sank to the lowest levels in 13 months, fueling a rush into haven assets.

European Union lawmakers said governments that give multibillion-euro tax subsidies to big companies shouldn’t get to pocket the money themselves if regulators order them to claw back…

Japan, the world’s third-largest economy, has been in recession four times since the global financial crisis but latest gross domestic product figures, released in December, signal a more positive…

Economists, business executives and American workers have waited a long time for the US to shake off its post-recession hangover. Robust growth often seemed right around the corner—maybe next…

Falling commodities prices and slowing economic growth in emerging economies will leave more jobless in 2016, according to an eye-opening report from the International Labor Organization.

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The Central Bank of Russia estimates an almost 90% drop in illicit cross-border transactions last year, RT reported. The regulator says $900 million left the country illegally in 2015, compared to…

Europe’s riskiest bank debt has lost its immunity to strains in financial markets.

Growing fears about Brazil’s deepest recession in decades could prompt the central bank on Wednesday to keep interest rates on hold or opt for a smaller increase than previously signaled, analysts…

Around a year ago, Russia announced its anti-crisis program in response to a recession that looked to rival the 2008-2009 Great Recession. Drops in oil price, years of economic sanctions and…

Persistent worries over a slowdown in China’s economy and international stock market jitters are troubling Australian consumers, NewsNow reported. The ANZ-Roy Morgan consumer confidence index fell…

More than half of UAE workers claim they have not saved any money because their salaries are too low, according to a new survey on savings habits in the emirates.

China's economy grew at an annual pace of 6.9% in 2015, the slowest rate in a quarter of a century, leading to rising concerns of a hard landing in the world's second biggest economy.

To better cope with the declining global investment appetite amid growing economic uncertainty, emerging markets should aim for a stable macroeconomy and well-communicated monetary policy, Bank…

London copper climbed on Tuesday after China’s fourth quarter growth met expectations, with some relief that the world’s No.2 economy hadn’t shown a more marked deterioration, Reuters reported.…

Treasury benchmark yields that fell to 2% this month are raising concern the US economy is losing momentum, Bloomberg reported. Yields tumbled as a 8% decline in the Standard & Poor’s 500…

Germany and Britain are pushing for the European Union to consider granting Jordan trade benefits that could help support Syrian refugees in the Middle Eastern country, German Foreign…

Puerto Rico said the island’s financial situation is worsening amid increased estimates of how much the commonwealth will fall short of being able to make debt payments over the next decade to $23…

Vietnam’s steady economic growth at near 7% this year will make it among the fastest-growing markets in the world. This is while the world’s largest emerging economies including Russia,…

Global miner Rio Tinto reported an 11% rise in annual iron ore shipments on Tuesday, roughly in line with its full-year guidance of 340 million tons, and said it expected to boost…

Private-sector analysts continued to forecast a 2.99% drop in Brazil’s gross domestic product in 2016, but they raised their inflation outlook to 7% at year’s end, the country’s Central Bank said…

The International Monetary Fund cut its global economic growth forecast for 2016 on Tuesday as it expects a number of factors to weigh on world economies.

Global growth for this…

Britain’s consumer price index inflation rose by an annualized 0.2% in December, in line with economists’ forecasts and the highest level since January 2015.

The figure represents a slight…

China may seek trade sanctions against the European Union, after the World Trade Organization ruled on Monday that punitive EU tariffs imposed on Chinese exports of screws, nuts and bolts were…

French President Francois Hollande on Monday pledged to redefine France’s business model and declared what he called “a state of economic and social emergency,” unveiling a €2 billion ($2.2…