World Economy

Inflation surged and growth continued to accelerate in the eurozone, a plethora of indicators showed on Friday, keeping pressure on the European Central Bank to start dialing back its lavish…

German Chancellor Angela Merkel said free trade is the best path to growth and rejected criticism of her country’s trade surplus, laying down markers for talks with global leaders including US…

In green fields near Egypt’s Mediterranean coast, PepsiCo is harvesting its first crop of potatoes produced from local seeds to make a leading brand of chips.

Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal.

Argentina’s (B3 positive) sub-sovereigns are on track to record modest gross operating surpluses in the next two years, as a stronger economy helps support their revenue, says Moody’s Investors…

The World Bank approved a $200 million credit for a macroeconomic stability and fiscal resilience development policy operation, to assist the government of Myanmar in promoting macroeconomic…

Director of the White House National Trade Council Peter Navarro said there was “no way” China would be granted market economic status by the Trump administration.

The Russian Central Bank reduced the key rate by 0.5 percentage points to 9.25% per annum, the regulator said following the results of the Board of Directors meeting, Tass reported. “On April 28,…

Uganda’s inflation accelerated to 6.8% year-on-year in April from 6.4% a month earlier, fueled by a surge in vegetable prices, the statistics office said, Nasdaq reported. The Uganda Bureau of…

Are mortgage rates going up? With the Federal Reserve having raised its benchmark interest rate last month and signaling the likelihood of additional rate hikes later this year, consumers and…

A United Nations think-tank has warned the East African Community against entering into an Economic Partnership Agreement with the European Union arguing that it will neither spur economic growth…

Mexico’s economy kept up steady growth in the first quarter, expanding for the 15th consecutive period despite concerns that strained trade and investment relations with the US will bring about a…

The rent-based economy in Saudi Arabia has shown its limits since the drop of oil prices in 2014. Indeed, the country is potentially explosive: the current fiscal model is not sustainable, the…

ASEAN is keen to conclude a region-wide trade agreement with its key partners, but the pact must have substance to be worthwhile, said Singapore’s Prime Minister Lee Hsien Loong on Saturday.

The Central Bank of the Republic of Turkey raised its inflation forecast for 2017 to 8.5%, citing an upward revision of lira-denominated import prices and the output gap along with higher-than…

Gold firmed on Friday as forecast-beating eurozone inflation boosted the euro against the dollar, while global stock markets retreated from Wednesday’s record highs as concerns about global trade…

The foreign trade deficit of Turkey fell by 10.3% to reach $4.49 billion in March, compared to the same month last year, the Turkish Statistical Institute reported on Friday, Anadolu Agency…

Foreign investors have poured $10.95 billion into new and operational foreign direct investment projects and into buying stakes in local companies in Vietnam in the first four months of 2017, up…

Indonesia’s headline inflation and core inflation rates in April estimated to have risen from a month earlier despite relatively stable food prices, a Reuters poll showed. Fourteen analysts in the…

Canada’s economy unexpectedly stalled in February as manufacturing and production in other goods producing sectors shrank during the month. The real estate sector, which expanded 0.5%, had its…

More than one in three Greeks is at risk of poverty and isolation, while the country shows the highest unemployment rate in the EU, according to the European Commission.

The figures are…

A strong partnership between India and China, which are currently responsible for half of the global growth, is important for the world, the International Monetary Fund has said.

Singapore inflation will keep inching up this year driven mainly by pricier oil but overall price pressures will stay muted, the Monetary Authority of Singapore said Thursday.

It pointed to…

World’s leading banks, think-tanks and consultancies have joined the queue in downgrading the Kenya’s growth outlook for 2017, citing slowdown in private sector credit and dampening business…

The 10-countries of the Association of Southeast Asian Nations could form the world’s fourth largest economy by 2030 though work is needed to help small companies and reduce trade barriers,…