World Economy

Uganda’s economy will grow 5.5% in the year to June 2018, edging up from estimates for the current fiscal year thanks to lower borrowing costs and higher oil sector investments, a budget paper…

Standard & Poor?s Global Ratings said it has affirmed Hungary?s long and short-term foreign and local currency sovereign credit ratings at ?BBB-/A-3?, Hungarian news agency MTI reported. The…

Hong Kong’s exports and imports of goods dropped in January. Exports fell by 1.2%, while imports eased by 2.7%. Exports, comprising re-exports and domestic exports, fell to HK$296.3 billion ($38.…

Russia’s gross domestic product is due to return to sustainable growth in 2017, according to Economic Development Minister Maksim Oreshkin.

In January this year, Moody's raised its forecast for US growth to incorporate a mix of potential cuts to federal income and corporate tax rates, as well as an increase in public infrastructure…

Eurozone economic confidence rose to the highest level in almost six years in a sign of continued momentum as the European Central Bank prepares to update its outlook for growth and inflation.

Optimism among businesses in Britain’s services sector is now higher than at any time since June’s vote to leave the European Union, despite the prospect of rising costs and prices eroding profits…

For all of Donald Trump’s 'America First' pro-growth rhetoric, analysts don’t think the global economy can afford the US president’s protectionist policies.

The future of Kenya’s competitiveness in the global economy remains bleak as the country struggles to contain the heaviest youth unemployment burden in East Africa, IOL reported. Of a working age…

Local media in Belarus say about 3,000 people have demonstrated across the country against an unpopular new labor law that targets the unemployed, AP reported. The protests Sunday in four regional…

The New Development Bank set up by the BRICS plans to provide lending to technological innovation projects, its vice president Zhu Xian has said.

China needs to do more to stop risky behavior in its stock market, a regulator said Sunday, following a 2015 collapse in share prices and complaints investors are engaged in a dangerous new round…

While South Africa Finance Minister Pravin Gordhan’s budget statement has been widely praised for striking a “fine balance”, economists have cast doubt on its long-term impact, criticizing its…

Moody’s Investors Service, due to the effect of demonetization, has cut its forecast for India’s GDP growth in 2017 by 40 basis points to 7.1%, Indiainfoline reported. India has been termed as the…

Russia’s macro statistics in January demonstrated overall positive dynamics, which confirms the continuation of economic recovery.

The current framework governing Islamic banking contains many gaps that need to be closed through the development of a more comprehensive and enabling environment that ensures financial stability…

Sweden’s government is putting forward a new proposal for a financial industry tax and will require banks to contribute more to a crisis fund as the administration argues lenders are making more…

The ageing phenomenon has been a dominant feature of western economies over the past few decades, but Asian economies will age the most rapidly in the next phase, with China, Thailand, Korea,…

European Central Bank officials pushed back against a key populist promise, saying European countries risk becoming irrelevant on the global stage if they put national sovereignty above joint…

Transactional activity in Zimbabwe in recent weeks indicates a slow disappearance of the United States dollar, which is being replaced by bond notes, AllAfrica reported. The bond notes were…

Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment…

Guo Shuqing, who is stepping down as governor of Shandong province to take control of China's banking regulator, returns to Beijing at a decisive moment for the country's financial system…

The ocean is essential to the livelihoods and food security of billions of people around the globe. Shipping, tourism, transport, fisheries, oil and gas, renewable energy all depend on the sea.

Europe should impose punitive tariffs on imports from the United States if President Donald Trump acts to shield US industries from foreign competitors, a senior ally of German Chancellor Angela…

Gold hit its highest in 3-1/2 months on Friday as the dollar hit a one-week low after the new US finance chief poured cold water on the “Trumpflation trade” that had boosted the greenback this…