World Economy

The European Union announced that it has launched a €44 billion ($47.46 billion) Africa Economic Development Fund aimed at helping Nigeria and other African countries drive economic growth and…

Survey data published this week seems to show economic momentum in the UK moving away from consumption-led growth and towards manufacturing.

Growth in the country’s dominant services sector…

The International Monetary Fund advised Turkey to tighten monetary policy to address sharp lira depreciation, contain high inflation, and counteract intensifying external pressures.

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The economy of the 19 countries that use the euro got off to a strong start in 2017 even as inflation pressures continue to mount in the wake of the recent rise in oil prices, a closely watched…

The US economy added 227,000 jobs in January, above economists’ expectations of 180,000. This extends the record streak of job creation in the US.

However, wages in January rose by just 2.5…

The UAE’s economy will grow at 2.3% this year, slower than the 2.6% rate projected for 2016, according to the latest data from the central bank, NewsNow reported. “The slowdown is driven mainly by…

With retail sales in Hong Kong plummeting to a 17-year-low, experts have called on the government to take action to better predict tourist spending habits, NewsNow reported. The city’s retail…

Kenya’s economy is expected to grow at between 5% and 5.6% in 2017, supported by increased government spending and resilient performance in transport, trade and tourism, Yahoo reported. Britam…

China’s central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of policy tightening as the economy…

World food prices rose to a near two-year high in January and look set to be higher and more volatile in 2017, the UN food agency said on Thursday.

Food prices on the Food and Agriculture…

Kazakhstan’s central bank will propose using state funds to support large local banks after evaluating their asset quality this year, central bank chairman Daniyar Akishev said on Friday, Reuters…

Japan’s economy was seen growing for a fourth straight quarter in October-December thanks to stronger exports and a pickup in capital spending, a Reuters poll found on Friday.

Poll…

Cybercrime constitutes a huge threat to states’ economies and it is critical to raise awareness, have the appropriate tools to shield national economies and to have a good level of cooperation…

A big improvement in the amount of VAT the Irish government collected last month has helped assuage some fears about the outlook for the economy.

Ireland collected 6.1% more tax in January…

Almost two decades after the creation of the euro single currency, Italians are proving to be the big losers among the 19 member countries.

According to the latest Global Investment Trends Monitor by the United Nations Conference on Trade and Development, global flows of foreign direct investment fell 13% to $1.52 trillion in 2016,…

Growth in Singapore’s private sector eased in January to its slowest in three months, according to a survey released on Friday.

Notably also, private sector businesses were pessimistic…

Germany’s biggest lender, Deutsche Bank, has accrued a massive loss for the second year running as legal costs for past misdeeds outstripped profits from bond trading, disappointing investors who…

Russian equity funds rocketed away from their emerging market peers in 2016, overtaking Brazilian funds in the second half, whilst on the emerging debt side it was contrarian bets in beaten down…

Germany’s economy minister says President Donald Trump’s administration has sent “alarming” signals on trade so far, but in comments published Wednesday she said isolationism would also hurt the…

Lufthansa believes the rapid growth phase of Persian Gulf Arab airlines is coming to end, which could help to ease some of the pressure in a highly competitive industry, its chief executive said…

The Polish economy grew 2.8% last year in real terms, the Central Statistical Office said in a preliminary estimate. Polish GDP grew 3.9% in 2015. Analysts approached by the PAP news agency had…

At some point in the coming months, the Federal Reserve is widely expected to resume raising interest rates. Just not quite yet, AP reported. On Wednesday, the Fed will likely end its latest…

With pent-up demand from 2016 and the challenges of an unpredictable US administration ahead, companies seeking to get deals done kicked off this year with a bang.

Along with the ongoing improvement of private investment and consumption levels in Indonesia, the Asian Development Bank estimates the Indonesian economy will grow 5.1% in 2017, up from 5.0% in…