World Economy

The International Monetary Fund has warned Ireland not to take its economic growth momentum for granted, adding while growth is set to continue it will be at a slower pace, RTE reported. “The…

Palestinian officials are planning for the territory to have its own digital-only currency within five years, a move designed to safeguard against potential Israeli occupying regime interference,…

Young people in Asean countries feel confident about success in their future, according to a survey commissioned by the World Economic Forum. The results were released alongside other…

Wells Fargo & Co. may have opened as many as 3.5 million fraudulent accounts in the last 15 years, according to consumers who are trying to beef up a settlement with the bank over abusive…

Oman was cut to junk by S&P Global Ratings, which said a drop in crude prices could hamper exports from the largest Arab oil producer outside OPEC and jeopardize its finances, Bloomberg…

The International Monetary Fund said it will release the second tranche of a $12-billion loan to Egypt, in a “vote of confidence” in the country’s economic reform program. The amount of $1.25…

Setting aside a few uncomfortable economic truths such as the increasing US skills gap, eye-wateringly high unemployment in parts of the eurozone, and growing income inequality in China, the world…

The government’s initiatives including the ‘Make in India’ program and Smart Cities scheme has helped strengthen the country’s economy making it one of the top most favorable investment…

The US is considering a ban on laptops on flights from Europe, an expansion of the previous ban, announced in March that restricted electronics in cabins on certain airlines from eight Middle…

Fitch Ratings revised Ghana’s economic outlook to stable from negative. Fitch said the latest review was driven by the nation’s progress at stabilizing the economy and the commitment of the…

The China-backed Asian Infrastructure Investment Bank said on Saturday it had approved seven new members to join the bank, a day before China’s biggest diplomatic event of the year kicks off,…

The advance of the Brazilian government’s ongoing fiscal reforms will be decisive for the performance of the economy and keeping inflation on a downward spiral, the governor of Brazil’s Central…

Saudi ministries have been given three years to fire all of their expatriate workers, local media reported, in the latest clampdown against foreign labor in the kingdom.

It comes as part of…

Canada’s dollar and bank bonds declined after Moody’s Investors Service downgraded the nation’s banks for the first time in more than four years, signaling that soaring household debt combined…

Argentine Treasury Minister Nicolas Dujovne said on Thursday he was confident the economy would grow more than 3% this year, while another treasury official said the economy had rebounded in March…

Troubled British telecoms giant BT said on Thursday it will axe 4,000 jobs worldwide in a new cost-cutting drive, after posting sliding profits in a “challenging” year, AFP reported. The positions…

The most recent tax estimate provided by German economists has signaled that both the federal government and the 16 states can look forward to higher tax income. But the windfall is not evenly…

Hong Kong’s economy grew at its fastest annual clip in six years in the first quarter, supported by a recovery in global trade, stronger economic activity in China and rising asset prices, Reuters…

The EU announced Thursday it expected Serbia’s economic expansion to accelerate, forecasting the country’s GDP growth rate to be 3.2% 2017 and 3.6% in 2018, ANSAmed reported.

South Sudan’s largest bank is shutting more branches as hyperinflation and a shortage of dollars eat into the group’s profits, the managing director said, underscoring country’s worsening…

The International Monetary Fund has urged eurozone finance ministers to be more specific in their commitment to a debt relief package for bailed-out Greece. It’s a sensitive issue in pre-election…

Finance chiefs from some of the world's richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come away with a clearer picture of US President Donald…

Economic growth in Europe and Central Asia will accelerate slightly in 2017, following the stabilization of oil prices, benefitting the eastern half of the region, and a continued recovery in the…

Foreign direct investment in Turkey increased by 43% in the first three months of this year compared to the same period last year, reaching around $1.7 billion. according to data compiled from the…

The EU Commission raised growth prospects for the European economy in its spring forecast Thursday, but warned that in its fifth year of growth, recovery in jobs and investment remained uneven.