World Economy

The International Monetary Fund managing director, Christine Lagarde, has warned Uganda on debt accumulation.

Lagarde, who held bilateral talks with President Museveni in Entebbe, pitched…

Japan's goal to restore its fiscal health, the worst among developed countries, is still far off amid prospects for tepid economic growth and swelling spending on health, pensions and defense.

China has accused the EU of “protectionist” behavior after Brussels imposed anti-dumping duties on Chinese steel products, as it seeks to protect struggling steelmakers in Europe.

The EU…

Emerging market economies like China and India, which have been growing much faster than the US, Europe and Japan, are expected to witness even sharper jump in the coming years, a report published…

The impact of extreme weather on Europe’s economy has risen sharply since the 1980s. According to a new report, it is further set to worsen as the impact of global warming comes to the fore.

Morocco’s economy grew by 1.6% in 2016, down from the previous year’s 4.5% because of a poorly performing agricultural sector, Economy and Finance Minister Mohamed Boussaid said, AFP reported. He…

The Romanian economy could grow by 4.5% in 2017, former minister of finance Anca Dragu said during a debate on the topic of the 2017 budget, Business Review reported. “In 2017 we had a real growth…

Singapore must renew its economy to stay relevant to the world, vibrant and prosperous, said Prime Minister Lee Hsien Loong on Friday. In his message on Chinese New Year 2017, Lee wished all…

The Irish economy is experiencing mixed fortunes, with strong employment growth but high rents and a dip in consumer confidence. Unemployment in the Dublin region fell in the three months up to…

Egypt has successfully raised $4 billion from its first public bond issuance, after the approval of a loan from the International Monetary Fund, according to Finance Minister Amr El-Garhy.

A new report shows that wind turbine technician is the fastest growing profession in the United States. This growth is one example of the rise of the clean energy sector. 

The recent introduction of new security features in some euro banknotes has led to a significant drop in the number of counterfeit bills. But there’s more work to be done, the German central bank…

The European Union is grappling with Uber and its peers, asking how best to regulate businesses that connect buyers and sellers in the so-called sharing economy. EU policy is shaping up to be much…

Fitch Ratings lowered Turkey’s credit rating to “BB+”, from “BBB-” with a stable outlook, the global rating agency announced, Anadolu Agency reported. “Political and security developments have…

Russian duties on transport vans from Germany and Italy run counter to its free-trade obligations, the World Trade Organization said in a ruling on Friday.

The European Union had filed a…

As the US transitions to a new administration, the risks of trade protectionism are rising, with broad ramifications at home and among its trading partners, especially in Asia, which accounts for…

The International Monetary Fund Managing Director, Christine Lagarde advised the East African countries in pursuit of integration to go slow on the project. 

Perfectly aligned with Economy Minister Pier Carlo Padoan, Prime Minister Paolo Gentiloni drew some red lines in its 2017 budget deficit negotiation with Brussels. 

Britain’s biggest retailer Tesco has agreed to buy leading wholesaler Booker for £3.7 billion ($4.6 billion), reasserting its dominance in food with a bold move into the faster-growing catering…

The US economy slowed sharply in the final three months of the year, the slowest pace since 2011, the Commerce Department reported on Friday, newsmax reported. The first estimate of gross domestic…

Physical gold demand fell 20% last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report on Thursday, as a rebound in prices after three straight years of losses blunted…

Russia's biggest steelmakers are expecting 2017 to be a better year for the industry as the national economy improves, thanks to firmer oil prices, and higher steel prices support profits.

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The female economy is emerging as a potent force, with global female income expected to reach $24 trillion by 2020; this is more than the revenue generated by the economies of either China or the…

Japan's Labor Ministry has reported a record number of foreign workers for 2016 despite the Asian nation's general reluctance to accept migrants. But the labor-strapped country has no other choice…

Brexit, Trump and several other major events shocked global markets last year. Now investors are considering the possible long-term effects of those events and wondering what to expect in 2017.…