World Economy

US jobs growth staged a bigger recovery than expected in April as businesses added 211,000 posts.

Figures from the US Department of Labour also showed the unemployment rate dropped slightly…

The Trump administration has decried as “alarming’’ big increases in the deficit with Japan, China and Mexico.

The United States cannot continue to run huge trade deficits with major…

Australia’s central bank raised its growth forecast for the next financial year but tipped no interest rate moves for 2017 owing to uncertainty surrounding consumer spending, AFP reported.

The Japanese-led Asian Development Bank is willing to cooperate, rather than compete, with China's development finance and infrastructure plans under its "One Belt, One Road" initiative, the bank'…

Societe Generale avoided a costly and potentially embarrassing court case on Thursday by agreeing to pay nearly €1 billion ($1.1 billion) to settle a long-running dispute with the Libyan…

The Central Bank’s Chief Economist has told an Oireachtas committee that Ireland stands out as the EU economy likely to be most affected by Brexit.

Gabriel Fagan told the special select…

Asian stocks succumbed to selling pressure on Friday as lower commodity prices pulled down mining and energy stocks and investors awaited the US employment report later in the day for clues as to…

The energy and consumer goods sectors helped Canadian exports rise to a record high in March as the country’s trade deficit narrowed to $135 million, Statistics Canada said Thursday. Economists…

International Monetary Fund projects in the Caucasus and Central Asia region to rise 3.1% in 2017 and 4.1% in 2018, Interfax reported. “Economic growth rates in oil exporting and importing…

Amazon.com Inc. Chief Executive Officer Jeff Bezos sold about $1 billion in company stock as part of a planned divestiture, a month after the world’s third-richest man said he spends about that…

Facebook has reported that its quarterly profit surged as its ranks of monthly users closed in on two billion, but warned of rising expenses and slowing revenue growth, AFP reported.

Mongolia’s legislature removed the main obstacle to an International Monetary Fund-led bailout for its crisis-ridden economy by annulling a controversial banking requirement for foreign-invested…

A third delay in Japan’s scheduled sales tax hike alone won’t trigger a downgrade of the country’s sovereign debt rating as long as the government forms a credible fiscal consolidation plan, Fitch…

The infrastructure needs of emerging market economies, like China or India, differ from those of advanced economies like the United States or Germany. Many emerging economies must substantially…

If the initial public offering of Saudi Aramco should fail to raise desired funds, the kingdom’s planned economic diversification project would be unable to move forward as planned, according to a…

The eurozone economy started the year with robust growth that outstripped that of the US and set the stage for a strong 2017, preliminary estimates show.

The French economy recorded a 0.3% growth on a sequential basis in the first quarter of this year, according to the first estimate of the national statistics bureau INSEE. Even if this performance…

High levels of inequality across Africa have prevented much of the benefits of recent growth from reaching the continent’s poorest people. To combat inequality in Africa, political and business…

The Malaysian economy has performed well over the past few years and remained resilient despite the challenging global economic environment, said the International Monetary Fund in its annual…

Saudi Arabia’s deputy crown prince defended a decision to reverse a contentious government austerity program by reinstating perks for state employees, but cautioned more belt-tightening could…

Singapore is poised to end the year with a 1.9% economic growth, slightly lower than the 2% expansion in 2016. This is despite the strong 2.5% GDP growth print in Q1. According to BMI Research,…

The second half of 2016 was a record semester for mergers and acquisitions in the Mena region since 2013 with $30.5 billion in deals—almost three times the first half of the year, a report said.…

The rate gap between youth unemployment and overall unemployment widened by more than 6 percentage points last year, Statistics Korea said Wednesday. This is the largest since the state statistics…

Germany’s unemployment rate has dipped below 6% as the labor market in Europe’s largest economy strengthens further in what is an election year, AP reported. The Federal Labor Agency said…

Turkey‘s annual consumer price inflation surged to an 8-1/2 year high of nearly 12% in April, official data showed on Wednesday, keeping pressure on the central bank to maintain tight monetary…