World Economy

Labor market changes brought on by increasing automation will lead to a net loss of about 5.1 million jobs over the next five years in 15 major countries, according to projections published by the…

The head of Hong Kong’s central bank said on Monday it has no plans to change the Hong Kong dollar’s peg to the US currency despite recent volatility in the market, CNBC reported. Norman Chan,…

SoftBank Group Corp. fell to its lowest level since buying Sprint Corp. in 2013 amid mounting pessimism that billionaire Masayoshi Son can turn around the money-losing US carrier, Bloomberg…

India’s merchandise exports fell for the 13th successive month in December, as orders from the United States and Europe shrank and exporters grappled with a competitively weaker Chinese yuan,…

Attempted rebound in European stocks quickly fizzled out on Monday after markets around the world and oil prices slumped to multi-year lows amid persistent worries over global growth, Yahoo…

Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich and political fissures in the United…

The outlook for residential property and mortgage markets in Brazil and South Africa in 2016 has deteriorated from a year ago, Fitch Ratings reported.

Both markets face weak macroeconomic…

Persian Gulf Arabs could pull billions in investment money from the United States if Donald Trump wins the presidency later this year, UAE billionaire businessman Khalaf Al Habtoor told Reuters.…

Bahrain’s deficit for this year and next year could rise by up to two-thirds to BD5 billion ($13.2 billion), as the oil-rich kingdom continues to feel the strain of falling oil prices, it was…

After recording decline, gold imports more than doubled to $3.80 billion in December, driven by dip in global prices, PTI reported. In December 2014, gold imports stood at $1.36…

Four out of ten young people believe machines will be able to do their jobs within a decade, an international survey published on Monday has found.

Nearly half of young workers surveyed in…

For seven years in a row, the Asian Financial Forum takes place in Hong Kong. Several speakers this year voiced their concern about the current global economic situation.

The head of Canada’s largest exporters association has a message for Bank of Canada Governor Stephen Poloz: don’t do us any favors.

Small and medium-sized British companies are increasingly looking outside banks for foreign exchange in search of better rates and services, a survey showed on Sunday.

Wherever you look, Britain’s financial markets are creaking. The pound is at the weakest level since 2010 against the dollar and on its worst-ever weekly losing streak against the euro. The FTSE…

Stocks across the Middle East tumbled as the easing of sanctions against Iran raised the prospect of a surge in oil supplies to a market already reeling from the lowest prices in more than a…

Nigeria’s troubled economy, which is on the brink of a recession, is expected to worsen following the lifting of economic sanctions on Iran by the United States which effectively readmits the…

In terms of economic policy, it’s been a barren four months since Malcolm Turnbull became prime minister and drafted Scott Morrison into the Treasury, NewsNow reported. And it is not as if there…

India said it will set up a 100-billion-rupee ($1.5 billion) fund to encourage startup businesses and pledged to ease regulations for entrepreneurs, as Prime Minister Narendra Modi strives to…

It is claimed hope springs eternal, but confidence can be a very fickle thing. Sure enough, when things are going well it is all too easy to be swept up in the euphoria and end up detached from…

The stock market’s awful start to 2016 has some investors fearing the worst.

The Dow Jones Industrial Average took another beating, as sharply falling oil prices, combined with ongoing…

Weaker-than-expected market conditions will keep the Federal Reserve from raising rates as much as predicted in 2016 as company earnings and the global economy will remain strained, Wall Street…

Economists believe China’s growth last year was the lowest in a quarter of a century, according to an AFP survey which projected a further slowdown in the world’s second largest economy this year…

The Russian Ministry of Economic Development will prepare proposals on the privatization of Sberbank and VTB, Economic Development Minister Alexey Ulyukayev told journalists Sunday. “Yea, we will…

In its monetary policy meeting, the Bank of England kept its record low interest rate and quantitative easing program unchanged.

Continuing to vote eight to one in favor of retaining rates…