World Economy

The decision on the floating ruble rate was absolutely correct and no grounds exist for devaluation shocks at present, Russian Minister of Economic Development Alexey Ulyukayev said on Tuesday,…

The Vietnamese government has identified eight economic zones along the city coastal areas whose development will be a focal point over the next five years, VNA reported. These economic zones…

Growth in Latin America and the Caribbean is suffering a double whammy—economic activity has slowed down sharply and the medium-term outlook continues to deteriorate. It is therefore not…

European shares opened higher on Tuesday, with Vodafone among the leading gainers after a strong earnings report, although political uncertainty continued to weigh on Portuguese stocks.

The…

A blip on a radar screen caused consternation at Beijing’s international airport last December. Soon 1,226 armed personnel, 123 military vehicles, 26 radar technicians, two fighter jets and two…

Business travel spending in Germany, the UK, France, Spain and Italy combined will grow at over 6% in 2015 and 2016, a leading indicator that the European economy is "gathering steam" and is…

German politicians who failed in previous attempts to have courts derail European Union monetary policy, filed lawsuits at the country’s top court challenging the European Central Bank’s €1.1…

Italy’s industrial production rose less than expected in September, posting a gain only in one sector and reversing the previous month’s decline, as the country tentatively emerges from its…

The European Central Bank will not cut its deposit rate further into negative territory at its December monetary policy meeting, according to the vast majority of traders polled by Reuters on…

Singapore’s official foreign exchange reserves declined to $249.78 billion in October, from $251.64 billion in September, according to data released by the Monetary Authority of Singapore, Dow…

Boeing Co. announced an order for 75 of its 737 single-aisle airliners with a list price of about $8 billion from Jet Airways India Ltd., ending a sales drought at the biennial Dubai Air Show,…

The United Arab Emirates Air Force announced Monday a $1.27 billion deal with Swedish defense giant Saab to purchase two surveillance planes and upgrade two others, France24 announced.

A minimum wage hike in Turkey could boost the Turkish economy, credit agency Standard & Poor’s said on Monday.

In an interview with Anadolu Agency, S&P credit analyst Aarti Sakhuja…

The UK economy remains resilient in the face of wider fears for global growth, the Confederation of British Industry said Monday, as it unveiled its latest quarterly economic forecast on the…

Sales of robots worldwide hit a record high in 2014 with numbers topping 229,000, a report said, highlighting that smart machines could be performing 45% of manufacturing tasks in a decade.

Dubai’s private sector economy registered a slower expansion of business activity in October, with the rate of growth edging down to the slowest rate since February 2010, a report said.

The Ukrainian economy is beginning to stabilize as is the security situation in the country, European Commission Vice President Valdis Dombrovskis has said, adding that it is crucial for the…

Persian Gulf Arab states should try to introduce radical tax and spending reforms, remarked International Monetary Fund chief Christine Lagarde.

Low oil prices have slashed state revenues…

A further sharp downturn in emerging market economies and world trade has weakened global growth to around 2.9% this year–well below the long-run average–and is a source of uncertainty for near-…

Eurozone finance ministers won’t release €2 billion ($2.15 billion) of funding for Greece at their meeting here Monday amid continued disagreements over new foreclosure rules, two European…

Spot gold was trading at three-month lows Monday morning, below $1,100/oz on COMEX for the first time since August on a strong US dollar, boosted Friday by strong US jobs data, Platts reported.…

While China’s Communist Party rolled back its long-standing one-child policy last month, economists are expecting another equally powerful deterrent to kick in: the soaring cost of raising kids.…

Credit Suisse Group AG, Switzerland’s second-biggest bank, may need to cut bonuses by as much as 60% this year because of losses incurred by a writedown, according to calculations made by Schweiz…

Chinese city commercial lender Bank of Tianjin is reportedly planning an initial public offering in Hong Kong in H1 of 2016 with the aim of raising up to $1 billion, AsiaFirst reported. A Wall…

The potential for growth of businesses and cooperation in the services sector between the (Persian) Gulf Cooperation Council and the European Union is really huge, The Peninsula reported. Services…