World Economy

China, India and other emerging giants—representing one-third of humanity—are rapidly catching up with the developed world, even as the overall global economy continues to reinvent itself and…

Turkey’s current account deficit reached over $4.5 billion in September 2017, up by almost $3 million year-on-year, according to the central bank. September’s deficit means the 12-month rolling…

Between the FAANG quintet and China’s rivaling BAT companies, gains in the world’s top technology shares are nearing a whopping $1.7 trillion in market value this year, Bloomberg reported. That’…

The high-end property market in London is likely to see a “dramatic” increase in buyers from Asia over the next decade, potentially rivaling more traditional investors from the Middle East,…

The US measures of economic pressure on Russia, like, for example, banning Exxon Mobil work in the Arctic are harmful for the US economy, Russia’s President Vladimir Putin told reporters after…

The Philippine economy likely grew at a much faster pace in the third-quarter of the year owing to strong domestic demand and public sector-led infrastructure projects, Moody’s Analytics’ latest…

Venezuelan President Nicolas Maduro’s socialist government has set a high-profile location near the presidential palace in Caracas for Monday’s hotly awaited meeting with investors to discuss…

According to the World Economic Forum’s Global Shaper Survey, MENA millennials expect the Fourth Industrial Revolution, also known as industry 4.0, to have a significant impact on their working…

A new report reveals strong business confidence in the world’s emerging economies, with Bangalore topping the barometer across all five categories. Of the top 10, seven cities are from…

Moody’s Investors Service says its outlook for the Moroccan banking system is positive, supported in part by the country’s ongoing economic diversification and stable and predictable political…

Under the limelight of China and India, the economic bloc of the Association of Southeast Asian Nations has slowly been starting to flex its muscles and become more recognizable in the world.…

Romania’s central bank governor has sounded a number of warning notes about the country’s apparently booming economy, including the risk of a yawning trade deficit, Eurasiareview reported. Mugur…

The size of Thailand’s shipment of industrial robots is estimated to increase by 133% from 2,131 units in 2013 to 7,500 units in 2018, according to Duangjai Asawachin­tachit, secretary-general…

With rising mall vacancy levels, drop in consumer spending, growing competition among retailers as well as the e-commerce push, decline in average rents, and media reports of some stores closing…

Tight supplies lifted prices for industrial metals in the third quarter, with zinc, aluminum and copper boasting the biggest gains, but analysts were split on where the sector is headed in the…

Relative peace in the Niger Delta in the wake of President Muhammadu Buhari administration’s economic recovery and growth plan has ushered in a period of smooth and increased oil production in…

Finland’s Terrafame nickel mine is planning to start producing material for electric vehicle batteries by 2020, the company said on Friday, after securing $200 million more in funding from…

Just when things were starting to look up for Lebanon’s economy, a new political crisis threatens to send it crashing down again.

Warning of remaining risks to Argentina’s economy, the International Monetary Fund urged the country to accelerate the good work it is doing on reforms.

The World Bank has warned that the Pakistan government’s growth story is now at risk given the scale of the macroeconomic imbalances growing within it.

The European Bank for Reconstruction and Development, which has just resumed lending in Uzbekistan, plans 15 more projects in the Central Asian nation in the next 12 months, EBRD first vice…

Germany will need to pay an extra €3.8 billion ($4.2 billion) into the EU’s coffers once Britain leaves the bloc. A new report, which is likely to rile German taxpayers, suggests France and…

An annual Pacific Rim summit is sticking with its tradition of promoting free trade and closer regional ties, shrugging off President Donald Trump's "America First" approach.

The International Monetary Fund has advised Belarus to abolish the so-called “tax on parasitism”. Based on the outcomes of the fund’s mission in Minsk, the IMF also proposed that the Belarusian…

European Commission statistics point to the disproportionate increase in taxation in Greece, at a time when the economy was shrinking, while the country’s industrialists and political opposition…