World Economy

Robots will handle 52% of current work tasks by 2025, almost twice as many as now, a World Economic Forum study said Monday.

The sharp increase could also see a net gain in “new roles”…

New Zealand’s economic growth is expected to have accelerated in the second quarter, driven by a recovery in agricultural production and exports though concerns about business confidence are…

Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom though there are still countries like the Philippines that will suffer.

According to data from the International Monetary Fund in April, Italy is the eight biggest economy in the world and fourth largest in Europe at $2.18 trillion.

But earlier this month,…

Myanmar businesses are urging the government to lower the country’s tax rates to alleviate pressure from the rising dollar exchange rate and slowdown in demand in recent months.

The Dutch economy is forecast to grow 2.6% next year, but the finance minister believes Brexit and trade conflicts pose a considerable risk, according to the latest leaked budget documents,…

Mixed messages coming from the US on the trade war with China could sink prospective negotiations before they begin, damaging prospects for a resolution to the growing dispute.

The government plans to soon initiate the strategic sale process for at least four subsidiaries of loss-making Air India, including Airline Allied Services Ltd and Hotel Corporation of India,…

Standard & Poor’s financial services firm has revised Ghana’s ratings up to B from B- with a stable outlook, Pulse reported. The New York-based ratings agency cited the country’s improving…

US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported, according to AFP report. Citing…

One  would have to look pretty hard to find an economist who believes Britain's exit from the EU will be—at least in the short and medium term—anything other than a negative for the UK…

The International Monetary Fund has revised down its estimate for growth in Portugal’s gross domestic product this year to 2.3%, bringing it into line with the Socialist government’s own…

Competition is likely to heat up in the Asian coal market as Russia seeks new buyers, challenging traditional suppliers Australia and Indonesia.

Russia is looking to Asia, where demand…

Recent economic indicators have painted a mixed picture of the health of the Italian economy, but analysts said it would not take much for jittery investors to turn sour on the country’s…

China added around 375 million jobs from the start of the reform and opening-up in 1978 to 2017, according to the National Bureau of Statistics, Xinhua reported. The number of rural and urban…

Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday.

South Korea’s dismal job conditions, coupled with weak domestic demand and feeble facility investments, are setting off alarm bells in Asia’s fourth-largest economy that is at a crossroads of…

As Kuwait introduces new rules and regulations as part of Kuwaitization, thousands of foreigners are either being laid off or restricted from taking up jobs in key sectors. While many expats are…

The beginnings of another financial crisis are already in motion—and it will be worse than the global meltdown of 2008.

That’s the opinion of one of the select band of economists who…

A two-year rebound in world trade figures is showing signs of slowing as demand in advanced economies falls, according to a note published on Saturday by Qatar National Bank’s economic analysts…

The European Union foreign trade balance posted a deficit of €4.1 billion ($4.96 billion) in the first seven months of 2018, according to the EU’s statistical office.

Abdul Wahab Ahmed is one of hundreds of workers at a brick factory in the el-Giraif neighborhood of Khartoum, the Sudanese capital. But Sudan’s dire economic situation has left even those in…

The US Federal Reserve should commit to letting economic booms run on enough to fully offset collapses like the 2007 to 2009 Great Recession, former fed chair Janet Yellen said on Friday, urging…

Greece and its creditors have held a first round of talks since the completion of the country’s eight-year bailout program last month, AP reported. The European Stability Mechanism said the four…

Trade and investment ministers from the Group of 20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organization, a joint statement issued from the…