World Economy

Airbnb, the popular platform that lets people rent out their homes and apartments, released the results of a volunteer survey this week containing the striking statistic that nearly one in 10 of…

More Argentines are likely living in poverty now compared with last year, President Mauricio Macri said, as the country’s economy slides toward recession following a currency crisis and a severe…

Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the US Securities and Exchange…

The number of unemployed people in Brazil, or individuals in informal employment, which doesn’t meet the country’s monthly minimum wage, reached a whopping 27.6 million during the second quarter…

Russian consumers are borrowing like the boom times are back even if they haven’t rebuilt their finances after the longest recession in years. That mismatch is casting a shadow over the recovery…

Venezuela devalued its currency by about 95% ahead of the Aug 20 rollout of a new bolivar, while raising its minimum wage as part of a 90-day economic recovery plan that seeks to loosen the grip…

More evidence that eurozone growth has slowed this year is likely to be seen on Thursday, when surveys are expected to show an escalating global trade war is hurting producers.

Tesla Inc. plunged Friday, capping its worst week since 2016, after Elon Musk told the New York Times that no one saw or reviewed his tweet about the plan to take the company private before he…

APEC economies continue to make progress in implementing structural reforms meant to expand opportunities and promote inclusion across the Asia-Pacific, a review released on Friday concluded.

European countries should take effective steps to counter US unilateralism and the effects of re-imposed sanctions against Iran, says Tehran's ambassador to international organizations…

Turkey’s battered lira weakened more than 6% against the dollar on Friday, after a US warning that Ankara should expect more economic sanctions unless it hands over detained American evangelical…

Amid rising external pressures, Indonesia’s economy is expected to expand by 5.3% next year on the back of stronger domestic consumption, investment and export, President Joko Widodo…

Recent external pressures, a general global trade malaise and bold new domestic reforms are putting some extraordinary pressure on China’s economy, but economists say positive…

The Abraaj Group has been put through the ringer in past months. Controversy followed controversy, and now, a Dubai government body might have just hammered the final nail in Abraaj’s coffin and…

While Turkey is stoking the heat at emerging-market central banks already pressured by global monetary-policy tightening, Thailand is playing it cool, Reuters reported. Countries such as…

The Reserve Bank of Australia and a new report have warned of a hit to economic growth from the ongoing drought, with a potential cost of up to $12 billion. An extended drought would have a “…

Crypto currency scams are using images of celebrities and upmarket London addresses to hoodwink consumers into parting with cash, Britain’s Financial Conduct Authority said on Friday, Reuters…

Forget the chatter about tight labor markets, low unemployment, and vastly improved productivity. Purchasing power for most Americans has stagnated for decades.

Business confidence among Japanese manufacturers was at its highest in seven months in August thanks to a firm global economy, a Reuters poll showed on Friday, but the service sector’s mood hit…

As Saudi Arabia raises the stakes in its dispute with Canada, the economic fallout could worsen an already serious issue for the kingdom: capital flight. Trade between the two countries…

Lebanese banks are pulling out the stops to bring in dollars as the country strives to preserve a two-decade old currency peg, offering high returns to customers willing to change their hard…

Malaysia’s central bank said on Friday exporters will no longer be obliged to convert most of their proceeds into ringgit, relaxing a rule introduced in 2016 to boost onshore trading of the…

Brazil's economy contracted nearly 1% in the second quarter due to a truckers strike, the country's central bank said late Wednesday. The nine-day strike that ended in late May caused fuel…

Inflation in the UK climbed in the month of the July, as had been expected, according to the latest data from the office for national statistics released on Wednesday.

South Africa’s fiscal consolidation will be slower than the government estimates because of weak economic growth and a higher public-sector wage bill, Moody’s Investors Service said.