World Economy

The basic laws of supply and demand haven’t applied to American employers. A healthy number of new jobs created each month combined with a rapidly falling headline unemployment rate would…

Greece’s economy could start growing again in the second half of 2016, but much work remains to be done on reforms required for bailout loans, the European Union’s top economic and financial…

Australia’s economy is expected to have picked up pace in the September quarter after the trade deficit fell to its lowest level in six months.

The trade deficit dropped to $2.3 billion in…

Standard Chartered Plc became the third European bank in less than two weeks to announce sweeping job cuts, bringing the total planned reductions to more than 30,000, or almost one in seven…

Delta Airlines said it has lost money on the Atlanta to Dubai route for two years, hitting out at claims by Emirates airline the route was profitable and it was “a political move” to cancel the…

In a record downturn for the oil industry, cash is everything to companies and dividends are everything to their investors. One tool is helping Europe’s three biggest producers preserve both, but…

Spain’s service sector grew at a slightly faster pace in October than a month earlier, a survey published on Wednesday showed, the first rise since July and easing concerns the economy may have…

Malaysia’s continued trade surplus in the past 216 consecutive months, despite current economic challenges, has showcased the country’s healthy and strong fundamentals, Bernama reported. Second…

Asian stocks rose amid a rally in Chinese shares and as Tokyo equities were propelled higher by a first-day surge for Japan Post’s units. The Australian dollar strengthened with emerging-…

Long queues formed outside banks in Qatar this week as workers lined up to open accounts on the day the country’s new Wage Protection System came into effect.

Shares in German auto giant Volkswagen skidded 5% lower at the start of trade on Tuesday following new accusations in the United States over the massive emissions-cheating scandal.

German police raided the Frankfurt headquarters of Germany’s DFB football association on Tuesday and searched the private homes of officials on suspicion of tax evasion linked to the awarding of…

Standard Chartered Plc said it will cut 15,000 jobs and raise £3.3 billion ($5.1 billion) in a rights offer after posting a surprise loss as loan impairments in India soared. Shares of the lender…

More than 40% of goods sold online in China last year were either counterfeits or of bad quality, the state-run Xinhua news agency said, citing an official report on implementation of the Law…

The Reserve Bank of Australia kept the cash rate unchanged at 2% while explicitly saying there was room to cut rates because inflation was likely to remain “low” and “a degree of spare capacity”…

Itau Unibanco Holding SA took advantage of robust third-quarter results to boost loan-loss provisions, as Brazil’s largest bank by market value wrestles with the impact of the country’s deepest…

Chief executive officers are less confident about economic conditions in every major region across the globe, according to a quarterly survey of top business executives.

The US, while the…

The US Federal Reserve continues to be indecisive over interest rates. After its latest meeting, the Fed kept the interest rate unchanged, which led the central banks of Japan and…

French President Francois Hollande said on Tuesday that he would welcome Chinese investment in state-owned nuclear group Areva but that the French government was ultimately responsible for the…

Basra Council–the political authority for Iraq’s economic capital–has announced that it is in the process of establishing Basra Company, a regional development company charged with boosting the…

Investors may lose the ability to influence companies for long-term gain, Hermes Investment survey in London says.

The growth in passive investment vehicles will likely reduce…

In a historic move, US telecommunications giant Sprint Nextel Corp. has signed a deal with Cuba to provide direct roaming services to foreigners visiting the island nation. The deal comes as the…

Growth of only 6.5% a year in 2016-2020 will be enough for China to meet its wealth goals, President Xi Jinping said Tuesday according to the official news agency Xinhua.

China’s biggest online trading platform AliExpress plans to sell cars in Russia, according to Mark Zavadsky, AliExpress Business Development Director in Russia and the CIS, RT reported. “We will…

Egypt’s public finances and economic conditions have improved thanks to reforms, but the government’s large financing needs remain a “key challenge,” global rating agency Moody’s Investors Service…