World Economy

Expatriates constitute more than 95% of the workforce in Kuwait’s private sector and there is an urgent need to revamp employment policies, a senior official has said.

Federal Reserve policymakers appeared deeply divided on Saturday over how seriously problems in the world economy will affect the US, a fracture that may be difficult for Fed chair Janet Yellen to…

Data shows Spain’s economy recovering, but tell that to Javier Pichel: this summer he packed and left for the only place he could find a decent job–Germany.

Millions of Spaniards are…

The Indian government is considering a proposal to raise FDI limits to 100% in broadcasting carriage and content services, including DTH and cable networks, aimed at attracting overseas investment…

Richmond Federal Reserve President Jeffrey Lacker on Saturday said he dissented at a Fed policy meeting because he thought the economy was now strong enough to warrant higher interest rates.

Bitcoin is to be classed as a commodity in the United States along with gold and oil, according to Commodity Futures Trading Commission, Euronews reported. It decision follows a clampdown on…

The Lula development model that lifted 35 million people out of poverty and raised living standards for another 20 million people during the governments of President Luiz Inacio Lula da Silva (…

Prime Minister Matteo Renzi presented a draft budget plan that boosted growth projections for post-recession Italy as he prepared to seek a wider margin from Brussels on next year’s deficit-…

Russian may raise taxes on its main source of revenue–crude producers–to narrow its budget deficit starting from next year, two people with knowledge of the matter said.

The Conservatives in Canada portray themselves as capable economic managers. But their record proves the opposite. Far from unleashing a business-led boom, Harper has in fact presided over the…

The World Bank has agreed to extend unconditional support for economic development activities in Sri Lankam, Colombo online reported.

Gold rose to a near three-week high on Friday as the US Federal Reserve’s decision to leave US interest rates unchanged weighed on the dollar, Reuters reported. Spot gold was up 0.7% at $1,138.86…

Coca-Cola Co. received notice from the Internal Revenue Service that it owes about $3.3 billion in extra taxes, plus interest, becoming the latest global company to clash with the agency over…

Second quarter growth in 2015 for the Estonian economy registered at 2% compared to the same period last year, New Europe reported. According to Statistics Estonia, the GDP of the country is €5.2…

Middle East real estate markets are suffering from a shortage of middle-income, or affordable, housing and major efforts are required to address the current imbalance, according to a new report.…

The European Central Bank's chief economist reiterated the bank's "readiness and decisiveness" to modify its trillion-euro bond-buying program should economic turbulence merit decisive action,…

Switzerland has never had a reputation as a cheap place to live, and now a study undertaken by investment bank UBS AG has named Zurich and Geneva as the world’s most expensive cities, not…

US stocks sank Friday, with the S&P 500 and the Dow Jones Industrial Average closing down for the week, as Federal Reserve’s decision to leave interest rates unchanged fueled fears about…

Germany’s biggest bank has announced it would close its onshore corporate banking and securities business in Russia amid a strategy change aimed at reducing complexity, costs, risks and capital…

Gold rose to a two-week high on Friday as the Federal Reserve's decision to leave U.S. interest rates unchanged weighed on the dollar and added to uncertainty over the timing of the first rate…

As a growing number of countries face the possibility of debt crises, the United Nations General Assembly has approved a set of nine basic principles for sovereign debt restructuring processes in…

All Russian airlines, including Aeroflot, are being fully or partially prohibited from overflying or flying to and from the territory of Ukraine.

According to a document on…

It was notable, as well as encouraging, that Prime Minister Malcolm Turnbull focused his early remarks on the need to transform into an agile and smart economy to boost Australia’s economic…

The median annual household income in the US last year fell 1.5% to $53,657, according to Census Bureau data released on Wednesday, RT reported.

“In 2014, real median household income was 6…

India outperformed its economic peers in the Central and Southern Asian Region and positioned itself as innovation achiever in the lower-middle income category, Indiainfoline reported. Overall,…