World Economy

North Korean banks subject to international sanctions have recently been banned by Swift from using its global financial messaging service, according to a statement from the Belgium-based Society…

Consumer borrowing and spending, which drove the UK economy in 2016, is slowing down. Both households and businesses are borrowing less, signaling an impending economic slowdown.

Two of the world's biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight.

The European Central Bank on Thursday will resist calls…

More than a quarter of people living in Asia had to pay a bribe while trying to access a public service in the past year, a watchdog said Tuesday, calling on governments to root out endemic graft…

Brazil’s economic rout deepened in the fourth quarter as investors and consumers remain skeptical of the government’s austerity measures that marked a disastrous year of corruption and recession…

UK retail sales softened in February as consumers adopted a more cautious approach, with non-food sales bearing the brunt of the reduction in spending, according to the results of a widely-…

Canada posted a third consecutive monthly trade surplus in January for the first time in more than two years as exports in the crucial auto sector rebounded, Statistics Canada said on Tuesday,…

 South Africa’s gross foreign reserves, which include gold and foreign exchange, rose in February, mainly due to an increase in gold price, AllAfrica reported. The Reserve Bank’s holdings of…

A sharp fall in domestic and eurozone demand drove the biggest monthly slump in German industrial orders in eight years in January, data showed on Tuesday, Reuters reported. Contracts for ‘Made in…

Taiwan’s exports rose for the fifth consecutive month on a year-on-year basis in February, the ministry of finance said Tuesday, CNA reported. Exports rose 27.7% year-on-year during the month to $…

The Trump administration’s top trade adviser, Peter Navarro, has again lashed out against Germany and China for their trade surpluses with the US, saying they pose a risk to American security and…

The initial reaction of Asian stock investors to Donald Trump’s election victory was clear: sell, on worries his protectionist trade rhetoric could hurt the region’s export economies.

Romania’s economic growth improved as initially estimated in the fourth quarter, latest figures from the National Institute of Statistics showed Tuesday, RTT reported. Gross domestic product…

South Korea’s modest economic recovery bolstered by the uptick in construction and facility investment is losing steam in the face of a slowdown in private consumption, a state-run think tank said…

The global economy is expected to grow around 3.5% in 2018 compared to 3% in 2016, but the modest recovery may be derailed, the Organization for Economic Cooperation and Development warned in its…

Gu Shengzu, vice chairman of the financial and economic affairs committee of the 12th National People’s Congress, elaborates his views on China’s economic development, saying that private…

The 2020 Tokyo Olympics are expected to give an overall 32.3 trillion yen ($284 billion) boost to the Japanese economy, according to the Tokyo city government.

Saudi Arabia’s private sector has said that economic reforms have led to increasing operating costs for companies and factories and reduced people’s purchasing power, MEM reported.

Sweden’s unemployment rate as measured by the number of registered jobless was unchanged at 7.8% (including migrants) in February from January, a Reuters calculation based on data from the Swedish…

Greek Prime Minister Alexis Tsipras said that the economy was turning a page and poised to show ‘exceptionally high’ rates of growth, despite data showing output slumped more than expected in the…

Global stocks mostly fell Monday following North Korea’s launch of missiles into seas near Japan, although Chinese share benchmarks rose on optimism about the economic outlook.

Investor sentiment in the eurozone improved more than expected in March, hitting its highest level in almost 10 years on Monday, as concerns that global political risks could end an economic…

Once again, tax reform is on the agenda in Washington, and this time there’s a genuinely radical idea under discussion: the House Republicans’ plan for a new “border adjustment” corporate income…

The Lithuanian economy seems to be back on track, but without implementing major structural reforms, the country’s progress might not be sufficient, European Commission Vice President Valdis…

Spanish public debt stood at 99.26% of gross domestic product at the end of 2016 according to provisional data, a treasury source said, Reuters reported. That compared to 99.77% of GDP at the end…