World Economy

International Labor Organization has called for stronger implementation of wage law in India amid persistent low pay and inequality, especially in case of women. ILO’s India Wage Report said…

Business leaders’ confidence in the British economy has fallen to its lowest point this year reflecting the impact of uncertainty over Britain’s exit deal with the European Union, according to a…

Venezuela is poised to launch a new currency that will lop five zeroes off the old one as President Nicolas Maduro tries to get to grips with the country’s spiraling economic crisis. Banks…

Greece has successfully completed a eurozone bailout program after receiving tens of billions of euros to help it fix its economy. It means the country can now borrow again on international…

Consumer borrowing is accelerating significantly in Thailand and around a quarter of consumers are having trouble making repayments on their debts, with credit cards and car loans the main areas…

The race to establish cryptocurrency hubs in Asia is gathering pace, with several countries easing regulations and unveiling projects to lure financial technology companies. Japan is ahead of…

Italy’s populist government has big plans for its first budget, but the economy isn’t providing the support to justify splashing out.

South Korea’s ranking officials revealed a disparity in their views on economic policies in the wake of dismal job conditions, which critics attributed to the effect of President Moon Jae-in’s…

Canada’s inflation rate surged to 3% in July, fueled by rising global prices for crude oil, according to government data, AFP reported. The year-over-year increase in consumer prices was the…

The government will launch a plan aimed at making Italy’s infrastructure safe, a government official said in a newspaper interview on Sunday, after the collapse of a motorway bridge in Genoa…

Belarusian President Alexander Lukashenko has fired his cabinet, emphasizing the need to strengthen the economy to preserve the nation’s post-Soviet independence, AP reported. Lukashenko said he…

Walmart Inc. will retain existing management of Flipkart Group as it completed the acquisition of a majority stake to become the largest shareholder in India’s No. 1 online retailer, Bloomberg…

Amazon.com Inc. is developing a new device that records live TV, working around cable providers and encroaching on TiVo Corp.’s market, according to a person familiar with the plans.

Malaysia cut its full-year growth forecast and reported much slower second-quarter expansion, as the country reviews megaprojects and tackles a massive debt left by the previous government.

India’s current account deficit will widen to 2.5% of the GDP in the current fiscal due to higher oil prices that has been accentuated by rupee depreciation, Moody’s and other experts have said…

Across the global economy, the potential for automation seems huge. Adidas’ “Speed-factory” in Bavaria will employ 160 workers to produce 500,000 pairs of shoes each year, a productivity rate…

Analysts are trying urgently to evaluate the potential impact of a full-fledged trade war on the Chinese economy. This typically involves estimating how much various tariff scenarios will reduce…

Ghana is backpedalling out of a banking crisis as the government takes on debt to save a troubled sector and vows to punish the executives responsible.

Innovation and technology will become profitable in Hong Kong and drive the city’s bid to develop high-end manufacturing, according to two senior officials.

Part of Japan’s plan to ease its severe labor shortage involves enticing retirees back to work. But even they are in short supply these days, crippling industries that once had an ample labor…

The Central Bank of Nigeria, said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared with 2016.

The bank disclosed in its 2017 annual…

Two major global ratings agencies lowered Turkey’s ratings Aug. 17, saying they could be upgraded with certain economic improvements.

Standard & Poor’s said it lowered the country’s…

A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long…

On Monday, Greece exits the third and final bailout program of a nine-year debt crisis that has chopped around a quarter off the country’s economy. Greece will now be able to borrow money again…

Egypt’s central bank left its main interest rates unchanged, saying a second quarter of strong GDP growth and an expected decline in inflation to single digits meant its monetary targets were on…