World Economy

A decline in diamond prices because of lower growth in Chinese jewelry demand is dulling the appeal of Canada’s Arctic diamond industry, with the resulting drop in exploration…

The 4-day India-Africa Forum Summit, which kicked-off Monday, Oct. 26,  is one of New Delhi’s most ambitious diplomatic outreach events in over two decades.

Saudi Arabia’s mining sector is set to triple by 2030, and its contribution to the gross domestic product is expected to reach SR260 billion ($69.32 billion) in 15 years, said the country’s…

Labor law changes announced by the Emir of Qatar add a new layer of repression for migrant workers and leave the kafala sponsorship system intact, according to International Trade Union…

Ankara has filed for arbitration against Russian energy major Gazprom over the price the country pays for natural gas. Gazprom says there’s still a possibility of an out-of-court settlement.

US congressional leaders have reached a tentative budget deal with the White House in a breakthrough that would set government funding levels for the next two years and extend the nation’s…

The world hasn’t fully recovered from the problems of 2008 which means another crisis is possible, says Director-General of the China Banking Regulatory Commission Min Liao.

The emir of Kuwait urged the cabinet and parliament to cut state spending in response to slumping oil prices, warning that any delay would increase the damage to the government’s finances.

The Brazilian government reduced its outlook for the country’s economic performance for this year, as Latin America’s largest economy shows no signs of recovery, Dow Jones reported. Brazil’s gross…

Pharmacy giant Walgreens Boots Alliance said late Tuesday it is buying competitor Rite Aid for $9 a share in cash, valuing the retail drugstore chain at $17.2 billion when…

Iron ore’s slump will deepen next year as rising supplies from the biggest producers overwhelm weakening demand in China, according to Moody’s Investors Service.

Syrian President Bashar Assad has called on Russian companies to work in Syria to help restore the war-torn country. “Assad specifically underlined that in rebuilding Syria, the Syrian people rely…

The foreign trade deficit in the Philippines climbed more-than-expected in August from the previous year, preliminary figures from the Philippine Statistical Authority showed Tuesday, RTT reported…

Taiwan’s consumer confidence fell for the sixth consecutive month in October amid signs that the domestic economy continues to weaken, a survey conducted by National Central University indicated…

British economic growth slowed more than expected in the three months to September after the biggest fall in construction in three years, raising the chances that a period of rapid economic growth…

The United Arab Emirates has introduced new procedures to renew employment permits and expired contracts in a bid to make the process more transparent for workers.

The European growth story–is it reliable? And is it back for good? Those questions and more as well as a closer analysis of growth are put to the European Commissioner for Economic Affairs–Pierre…

There is no cause for concern on fiscal deficit and the government will meet its target for the current fiscal despite certain challenges on the disinvestment front, Finance Minister Arun Jaitley…

Singapore’s Central Bank said its monetary easings this year were sufficient to reduce downside risks to economic growth, and expects inflation to pick up on the diminishing effects of lower oil…

The Pacific region recommended the development of national and regional targets and indicators as a key element to the successful implementation of the Sendai Framework for Disaster Risk Reduction…

Asian stocks fell amid low trading volumes, with the regional benchmark index retreating from its highest level in two months as energy shares led losses and investors awaited policy decisions by…

More people in Turkey are feeling positive about the future of the economy ahead of the election on Sunday, according to official figures published on Tuesday.

The Economic…

Deutsche Bank is facing a major escalation of a US probe into its activities in Russia, as a money laundering investigation of its Moscow unit widens to examine possible sanctions violations…

In the midst of an uncertain global economic environment, gross domestic growth for the Europe and Central Asia region is expected to increase to 1.4% for 2015, with 1.8% growth projected for 2016…

Creditors are refusing for now to pay Greece the next installment of bailout money, saying Athens is implementing agreed reforms too slowly, a report says. The delay is likely to cause further…