World Economy

Japan returned to solid growth in the April-June quarter, a trend economists said was likely to continue on the back of higher wages and consumer spending unless trade conflicts with the US…

The Trump administration announced a new round of sanctions against Russia on Wednesday in a move that sent the ruble tumbling and ignited fears of a tit-for-tat economic battle.

The…

Samsung Electronics plans to spend a whopping $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy…

Few will have escaped the heatwave that seems to have enveloped most of the northern hemisphere. Soaring temperatures exceeding 46 degrees C have been recorded in Alvega, Portugal, while…

The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by how much.

A booming economy, surging inflation and pressure…

Turkey has not asked for any financial aid from the International Monetary Fund, the fund said in a statement Wednesday, Anadolu Agency reported. The IMF statement came after media reports that…

The country’s current account, one of the widest measures of international trade, was 10.84 trillion yen ($97 billion) in the black, the margin rising 2.1% from a year earlier despite a smaller…

Federal prosecutors in Los Angeles drafted a criminal complaint against a former Goldman Sachs banker early this year for his alleged role in a vast Malaysian fraud, but the charges were never…

While Singapore’s economy continues to expand steadily, and productivity and incomes are on the rise, external conditions could pose a threat to the country’s growth and prosperity, said Prime…

A number of investments from western countries in Russia are on hold, but the situation is more than made up for by new investors from Asia.  Foreign investors put up capital for 238…

The Kenya-based East African Tea Traders Association has called for government intervention to sustain exports to Iran, as US sanctions took effect on Tuesday.

Samsung Electronics and its affiliated companies plan to spend $22 billion over the next three years on artificial intelligence, auto components and other future businesses, AP reported.

Italian Economy Minister Giovanni Tria told parliament Wednesday that the government has downgraded growth forecast for both this year and next.

Growth this year is projected to be 1.2%…

Billionaire investor Elon Musk has always done things his own way, from designing space rockets to manufacturing electric cars. Now the Tesla Inc CEO is looking to reengineer how a company can…

India’s economy is picking up and growth prospects look bright—partly thanks to the implementation of recent policies, such as the nationwide goods and services tax.

As one of the world’…

The recent announcement from the Brookings Institute, that Pretoria is now the fastest-growing South African metropolitan economy, appears to suggest that future growth prospects for the…

The Trump administration announced Wednesday that it would impose 25% tariffs on imports of 279 items from China amounting to $16 billion. This is the second tranche of such tariffs and comes…

In the run-up to this October’s Brazilian elections, the country’s presidential hopefuls would do well to heed the International Monetary Fund’s latest and unusually explicit warning as to the…

Household consumption, the engine of Indonesia’s trillion-dollar economy, is purring again.

China’s Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s…

Desperate measures are in the air in Turkey: trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum at the core.…

Australia’s central bank kept its key interest rate unchanged at a record low for two years even though other major central banks started tightening their policies, RTTNews reported. The board…

The Civil Society for Poverty Reduction has observed that Zambia’s economy has shrunk and that a year-end growth of about 4.2% is “quite debatable.” CSPR Executive Director Patrick Nshindano…

Before the 2008 financial crisis, the Bank of England’s data on consumer debt in the UK was recorded at £2.08 trillion ($2.70 trillion).

President Trump tweeted Sunday morning that his burgeoning trade wars with China and other countries will have a very specific benefit to the US: bringing down the national debt.