World Economy

Britain’s economic forecast for 2016 should be examined with the facts that the United Kingdom’s economy is the fifth-largest economy in the world and the second-largest in Europe at the forefront…

The eurozone economic recovery lost momentum in the third quarter of the year, official figures showed Friday—a development that’s set to pile further pressure on the European Central Bank to…

Eastern Europe’s economies are likely to return to mild growth next year, but downside risks have grown because of China’s slowdown and Europe’s refugee crisis, the International Monetary Fund…

Italy’s top bank UniCredit announced Wednesday it would cut its staff by 18,200 within two years to save €1.6 billion ($1.7 billion).

Greece’s international creditors on Wednesday began a review of reforms pledged under the country’s bailout, a day ahead of a general strike to protest the measures.

Senior representatives…

India’s Prime Minister Narendra Modi has announced plans to liberalize foreign investment rules, as he tries to give fresh impetus to his government’s stuttering economic program having suffered a…

Sentiment among so-called Japan economy watchers improved for the first time in three months in October, reflecting a recovery in consumer spending in some sectors, a government survey has shown,…

Russian officials have asked the government to allow some foreign companies, currently under embargo, back into the country’s market, claiming the businesses had become “hostages of the anti-…

Moody’s has confirmed in its latest release that the Maltese economy is doing well, especially as a result of growth in the services sector, the government said Wednesday NewsNow reported. In a…

Berlin’s top economic advisers have recommended suspending the country’s minimum wage requirement to make refugees more attractive to employers. Easing access to the job market will help them…

The world’s biggest online shopping holiday, ‘Singles’ Day’ kicked off Wednesday morning in China—and the numbers are already massive. Chinese e-retailer Alibaba’s merchandise sales exceeded $1…

German Chancellor Angela Merkel met with President Jacob Zuma, calling South Africa “one of the most important partners on the African continent”, France24 reported. Germany is SA’s second-most…

Chinese police have frozen $1 billion of shares in listed companies as authorities probe Xu Xiang, one of the nation’s best-known hedge fund bosses, for alleged insider trading and stock…

The European Union misspent €6.3 billion in 2014, according to its financial watchdog, the European Court of Auditors. The EU Budget has failed the audit for the 21st year running.

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Specialist funds dedicated to the once-vaunted BRIC quartet of emerging markets face a bleak future, as many investors have pulled out due to years of collective underperformance by the bourses of…

The Russian Finance Ministry has assessed the major risks of the federal budget performance. The ministry estimates losses at more than one trillion rubles ($15.48 billion) of budget revenues…

Years of low interest rates and a boom in mergers and acquisitions have made American companies spend without looking back. This has resulted in the highest corporate debt in a decade, close to $1…

Turkmenistan is set to experience a notable slowdown in economic growth in the coming two years because of falling revenues from oil and gas sales, the International Monetary Fund said in a …

Iraqi Finance Minister Hoshyar Zebari said that the agreement with International Monetary Fund to monitor Baghdad economic policies will help Iraq to overcome the financial crisis by improving the…

European credit investors have grown more bearish on emerging markets and see them as the biggest risk to European credit markets, according to Fitch Ratings’ latest senior investor survey.

Any Greeks hoping their days of economic pain are over following the latest bailout agreement with international lenders should look at the dire projections from Europe’s three main institutional…

The decline in oil prices has increased the importance of reforms to switch the focus of growth from the public sector to the private sector in Saudi Arabia, International Monetary Fund chief has…

The world’s biggest banks must bolster their cash reserves by up to €1.1 trillion ($1.2 trillion) as protection against any future financial crises, an influential advisory body said.

French industry showed unexpected strength at the end of the third quarter as output from electronics factories and mines expanded. The 0.1% increase in industrial production in September, while…

India’s leading airline is celebrating a ‘blockbuster takeoff’ as shares surged high above their listing price. The IPO is aimed at solidifying IndiGo’s grip on one of the world’s fastest growing…