World Economy

Barclays Plc is about to overhaul its back office operations under a restructuring to help it comply with new post-crisis rules forcing British banks to ring-fence their retail operations from…

Starbucks promises to hire 10,000 refugees? President Donald Trump's supporters call for a boycott. Uber allegedly takes advantage of the president's anti-immigration decree to drum up business?…

Asserting that the steel sector has started “stabilizing”, India’s Steel Minister Chaudhary Birendra Singh on Sunday said the industry must gear up to face global competition as protectionist…

The annual Investing in Africa Mining Indaba, which is taking place from February 6-9 at the Cape Town International Convention Center, is attracting 32% more mining companies and 71% more…

Finland’s experimental scheme to provide its citizens with a basic income, regardless of employment, was launched earlier this week. The two-year pilot scheme will provide 2,000 unemployed Finnish…

Malta registered the fourth worst result in retail trade amongst EU countries in December 2016. While retail sales across the EU increased by 2.3%, retail sales in Malta shrunk by 0.7%. Eighteen…

Philippine’s Environment Secretary Gina Lopez challenged mining companies, which she ordered suspended or closed, to give her at least 18 months to develop areas they previously occupied into…

Economic activity in the Middle East and North Africa showed surprising resilience in 2016 despite mounting political and economic headwinds in the region, says a report.

With banks flush with funds post-demonetization and surging oil prices likely to fuel inflation, the Reserve Bank of India may refrain from lowering benchmark interest rate at its policy review…

Greek banks’ non-performing loans are falling, a survey by Hellenic Bank Association said. 

The Trump administration appears intent on escalating the long-standing US practice of attacking Germany’s current-account surplus. And good news for those on the receiving end: It has probably…

The combined value of Chinese banks has surpassed that of US banks for the first time as they emerged as global leaders by asset base as well as brand value, a report by a business valuation…

The world economy has begun the year in fine form. America is cruising along, China is growing faster than expected, Britain is muffling the Brexit downdraft. Even the usually lagging eurozone is…

Mali is forecasting 2017 GDP growth of 5.3% due to expectations of a strong grain and cotton harvest and gold production, Diakaridia Dembele, technical adviser at the finance ministry said on…

China Saturday asked the US to correct its "unfair decision" to impose high anti-dumping and countervailing duties on imports of Chinese stainless steel sheet and strip amid threats by President…

Fitch Ratings has downgraded Tunisia’s long-term foreign and local currency issuer default ratings to ‘B+’ from ‘BB-’. The outlook is stable. The issue ratings on Tunisia’s senior unsecured bonds…

Last year has been fairly successful for Latvian producers as the Baltic country’s industrial output increased by 4.9% against 2015, according to data released by the national statistics office on…

Japan plans to use its public pension fund to invest in US infrastructure development, a source from the government said. 

The investment drive is part of a wide-ranging policy package…

Stepping up India’s growth pitch, Economic Affairs Secretary Shaktikanta Das on Saturday expressed confidence that the economy will grow upwards of 7% next financial year. “For this year’s GDP…

US President Donald Trump has launched his long-promised attack on banking rules that were rushed into law after the nation’s economic crisis, signing new orders after meeting with business and…

Philippine gross domestic product grew by 6.8% in 2016, the fastest in Asia, besting China’s GDP growth of 6.7% and Vietnam’s 6.2% last year, Business World reported. Socioeconomic Planning…

South Koreans spent a new record high amount of money abroad last year on increased outbound travel despite an economic slump and sagging domestic consumption, data showed Saturday.

The pace of fiscal adjustment in Abu Dhabi is forecast to slow in 2017, after large spending cuts in 2015-2016, according to Fitch Ratings.

The ratings agency said in a research note that…

The International Monetary Fund has forecast that the inflation rate in Indonesia could reach 4.5% this year owing to an electricity subsidy cut and recovery in commodity prices.

Russia’s central bank kept its key rate unchanged and suggested it would hold off cutting borrowing costs for now in the face of external political and economic uncertainty.

The…