World Economy

SoftBank Group Corp.’s bond risk has climbed to a three-year high as founder and chairman Masayoshi Son faces a perfect storm of troubles with its Chinese and US investments and a push by the…

Goldman Sachs warned on September 11 that the oil price was likely to continue to slump because of unprecedented amounts of oil in storage and weakening demand from China. This led some of the…

The US, Japan and 10 other Pacific Rim economies have reached agreement to strike the largest trade pact seen anywhere in two decades, in what is a huge strategic and political win for US…

The World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by the risk of a sharp slowdown in China and possible spillovers from…

The eurozone’s economic recovery risks faltering after growth momentum eased in September, Markit Economics said.

A Purchasing Managers’ Index for manufacturing and services fell to 53.6 in…

Saudi Arabia plans to convert a state-owned housing fund into a bank, the latest in a string of economic reforms announced since King Salman took the throne in January, as it struggles to address…

Asian shares rose, with the regional benchmark index heading for its longest winning streak in almost three months, after a weaker-than-expected US jobs report reduced the case for the…

The current US regulatory structure designed to prevent another financial crisis is “Balkanized,” a “mess” and likely to fail when needed, experts said.

German Chancellor Angela Merkel expressed confidence that Volkswagen AG’s cheating on diesel emissions will not harm the reputation of German industry.

The eurozone’s inflation rate unexpectedly turned negative in September for the first time in six months as consumer prices in the currency bloc fell by 0.1% from a year earlier, NewsNow reported…

Australians are now deep in bubble territory. Australia's sense of its own prosperity floats in large part on a property bubble while the global economy floats on an unprecedented liquidity…

British manufacturing activity expanded at the slowest rate in three months in September, survey figures from the Chartered Institute of Procurement & Supply and Markit Economics showed,…

Finally, in the United States, home prices rose in July, underscoring the housing market’s strong performance in the first half of the year, even as more recent reports indicate that momentum has…

Short-term Qatari money rates fell back on Sunday after the central bank governor signaled monetary conditions would not tighten and said Qatar would not follow the United States in hiking…

The second edition of the Global Islamic Economy Summit opened on Sunday at Madinat Jumeirah with participation from more than 2,000 policymakers, business leaders and finance professionals.

Mohamed Qasim, Chairman of the Clothing Export Council, says lack of coordination between the fiscal and monetary policies of the government is harming the economy. “The new government has to take…

Russia’s companies may export meat and meat products to China worth hundreds of millions of dollars, the first deputy economic development minister, Alexei Lichachev has told Tass.

Business professionals today still prefer face-to-face meetings despite living in a digital age, said a recent global study by Hilton Worldwide.

According to the survey, more than two-…

Petty graft plagues Tunisia’s economy, nearly five years after state corruption triggered the fall of president Zine El Abidine Ben Ali, partly due to lack of political will, experts say.

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There are nearly 6,000 ultra high net worth individuals in the Middle East with a combined net worth of $995 billion, according to a Wealth-X study.

Saudi Arabia has the largest UHNW…

When German Chancellor Angela Merkel visits PM Narendra Modi next week in India, both the leaders will have enough to talk about, from climate change and refugee crises to bilateral trade and…

Angel Gurria, the secretary-general of the Paris-based OECD, has said the Turkish economy is “picking up” and would grow 4% next year.

On the sidelines of the Organization for Economic…

The smallest two-month gain in US employment in over a year could fuel fears that the China led global economic slowdown is sapping America’s strength... one of the biggest lodestones on America’s…

The World Trade Organization’s Public Forum 2015 is an annual event bringing together representatives of governments, business communities, media and civil society from WTO members…

The Transatlantic Trade and Investment Partnership seeks to liberalize trade between the United States and the European Union, creating the world’s largest free trade zone and accounting…