World Economy

Bahrain’s national carrier Gulf Air is planning to buy up to 50 Airbus aircraft, the country’s Information Minister Isa Abdulrahman Al-Hammadi has revealed. An AFP report quoting the minister said…

Indonesian President Joko Widodo on Wednesday announced a package of measures to stimulate the economy and attract investment after saying the country is “racing against time” to avert a financial…

Philippines’ unemployment rate in July hits 6.5%, the Philippine Statistics Authority said on Wednesday.

This year’s figure for July is lower than the 6.7% reported in July last year, but…

Inequality in the United States has exploded over the past 40 years, something that’s been documented at great length by economists, most notably Thomas Piketty and Emmanuel Saez.

If you’d…

Political instability poses the biggest risk to Turkey’s economy, Finance Minister Mehmet Simsek said, citing potential damage to public finances and further pressure on budget and current account…

With deflation entrenched, its industrial base shrinking and a tough new bailout to service, Greece’s economy is heading for another fall with even those of its citizens lucky enough to be in work…

International exports from Scotland are lower than they were in 2002, a new paper has claimed.

Economist Margaret Cuthbert said while international exports increased between 2012 and 2013,…

Challenging projects and advancement opportunities are the most important considerations in searching for employment for Millennials, with salary/compensation following closely behind in terms of…

Japanese stocks soared, with the Nikkei 225 Stock Average staging the steepest advance since the aftermath of the 2008 Lehman Brothers Holdings Inc. bankruptcy, amid speculation a selloff…

Transatlantic Trade and Investment Partnership’s stated goal is to ease the flow of goods and services across the Atlantic. The pact seeks to create the world’s largest free…

Recent years have seen a remarkable resurgence of interest in economic inequality, thanks primarily to growing recognition of some of its economic, social, cultural and political consequences in…

Is China a replay of the US in 2008, or Southeast Asia in 1997?

An ongoing stock market slump and a currency devaluation last month have fuelled fears of a hard landing by the world’s…

Sweden’s financial watchdog could force banks to hold even more capital than required under existing rules if household debt burdens continue to swell.

The Swedish Financial…

At first glance, today’s major international crises seem to have little in common. Some, such as Greece’s debt drama, are economic disasters; others, like Syria’s implosion, are characterized by…

Russian authorities held the Eastern Economic Forum in Vladivostok on September 3-5 in an apparent attempt to invite East Asian investors into the country’s vast Far Eastern regions. Russia’s top…

Trade data from China on Tuesday showed a sharp drop in the value of imports and exports, amplifying concerns about ripple effects from the country’s economic slowdown into…

The won rose, erasing an earlier decline to a five-year low, as South Korea’s government unveiled a record spending plan for next year to boost growth in Asia’s fourth-largest economy. The…

Toshiba Corp. plans a “bold restructuring” of the industrial group as president Masashi Muromachi seeks to regain investor trust after posting an annual loss and restating six years’ worth of…

Trade turnover between China and Russia in August declined in annual terms by 32.6% to $6.13 billion, according to the report published by the General Administration of Customs of China on Tuesday…

Russia will not enter into negotiations on restructuring Ukrainian debt, said Finance Minister Anton Siluanov, and Kiev must repay the $3 billion it owes Moscow in full by the December deadline.…

Some 3,178 bankers across the EU took home more than €1 million ($1.12 million) in 2013, with over 2,000 of them coming from UK, according to the European Banking Authority.

The number of…

Gold futures declined on Tuesday, as sentiment was boosted amid a global stock market rally, despite grim trade data from China that caused further volatility in Asian markets.

Royal Bank of Scotland is the latest cash issuing bank to commit to the use of polymer bank notes rather than old school cotton paper, Finextra reported. A plastic £5 ($7.7) note is expected to be…

China's recent downturn has led to a reassessment of global economic growth, with analysts pointing to how India may benefit from the slowdown. But is the South Asian nation set to become the…

Alternative lenders now pose a “significant threat” to every part of commercial lending, according to a survey from financial software company Misys.

The report showed that 68% of banks…