World Economy

Thousands of people have taken to the streets in Panama in protest over a political scandal involving huge bribes paid by a Brazilian company in exchange for public contracts. Odebrecht has…

German Foreign Minister Sigmar Gabriel after meeting with the US Secretary of State Rex Tillerson said on Friday there was no question that Europe must spend more on defense, but said the debate…

Ukrainian Social Policy Minister Andriy Reva said that the International Monetary Fund has recommended Ukraine to refrain from raising the minimum wage in the next three years Realist agency…

Austria said Thursday that it will sue European aerospace giant Airbus over a $2 billion sale of Eurofighter jets that has long been plagued by allegations of kickbacks, AFP reported. A government…

Hungary?s state debt, calculated according to Maastricht rules, stood at 73.9% of GDP at the end of December, down from 74.3% of GDP at the end of September, the National Bank of Hungary said on…

Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on US President Donald Trump’…

Emerging oil and gas producer Ghana could see its economy improve, though certain sectors are expected to face challenges, Moody’s Investors Service found.

Moody’s said it expected the…

Former Federal Reserve Chairman Alan Greenspan reportedly warns that Donald Trump's economic policies risk plunging America into a period of 1970s-style stagflation with low growth and "out of…

It is easy to be downcast about the state of global trade. It has faced stiff headwinds in recent years: in 2016, for the first time in 15 years, it grew more slowly than the world economy.…

Eurozone countries look set to miss a self-imposed deadline next Monday to agree on aid measures for Greece, which risks running out of money in July. 

Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with the prospect of rising borrowing costs rippling from the United…

Norway’s central bank governor sharpened his warning on rising spending of oil revenue as he drew up scenarios for a 50% loss of capital over the next 10 years for the world’s biggest sovereign…

Debt held by private individuals in the US is approaching its 2008 peak, but there’s a much healthier picture now. The proportion made up by mortgages is significantly lower—as is delinquency.

European Commission President Jean-Claude Juncker has warned the UK it cannot negotiate bilateral trade deals in the period before it leaves the EU. London, meanwhile, is eyeing up China with talk…

The axe has finally fallen on South Korea’s once mighty Hanjin Shipping, with a court in Seoul declaring it bankrupt. The firm was once the seventh-largest of its kind globally, but suffered from…

Malaysia’s economy grew 4.5% in the fourth quarter from a year earlier, ending a year of tepid growth on a stronger note, helped by solid exports and resilient domestic demand, Reuters reported.…

Annual UK business losses from fraud and error hit a record £125 billion ($155 billion) as fraudsters increasingly take advantage of technology and corporate inaction.

The Portuguese economy grew by 1.4% in 2016, down two-tenths of a percentage point compared to the 1.6% growth recorded in 2015, the National Statistics Institute said in Lisbon, Portugalnews…

Turkey’s unemployment rate rose to 12.1% in November 2016, reaching its highest level since March 2010, according to the labor statistics revealed by the Turkish Statistical Institute on Wednesday…

South Korea’s economy posted trade surplus for 60 months through January thanks to a double-digit growth in exports, which account for about half of the economy, customs data showed Wednesday,…

Ukraine said late Tuesday its economy expanded at a surprisingly fast pace of nearly 5% in the fourth quarter as it continued its steady climb out of a two-year recession, AFP reported. The State…

Kazakhstan is considering a 2.1 trillion-tenge ($6.5 billion) plan this year to restore banks to health, widening its budget deficit and tapping its oil wealth fund to cover the costs.

France, Germany and Italy have asked the European Commission to rethink rules on foreign investment into the EU amid concerns that technological know-how is leaking abroad, the three countries…

Financial stocks lifted the S&P 500 to a record closing high for a fourth consecutive session on Tuesday and the dollar strengthened as US Federal Reserve Chair Janet Yellen struck a hawkish…

More Americans traveled to Cuba in the last year than ever before, thanks to the opening of diplomatic relations between the United States and Cuba and the easing of travel restrictions. Despite…