World Economy

Slovakia’s gross domestic product should increase at a tempo similar to last year, slovake.eu reported. The economy should grow by 3.2% this year, according to the December survey of the National…

World Economic Forum chairman, Klaus Schwab, praised Pakistan’s progress on the economic front and shared his feedback with the Prime Minister Nawaz Sharif on Wednesday in Davos, APP reported. The…

South Korea is considering easing an anti-corruption law by raising the cap on the values of free meals, sources said Wednesday, amid criticism that it adversely impacts consumer spending, Yonhap…

Cyber security incidents are seeing a rise in India, with a total of 39,730 incidents reported in the first 10 months of 2016, as against 44,679 and 49,455 observed during 2014 and 2015,…

US companies operating in China have warned the future administration under Donald Trump against heading toward a trade war with China. They said excessive US import tariffs were likely to trigger…

Deutsche Bank AG reached a final settlement with the US Justice Department over its handling of mortgage-backed securities before 2008, resolving one of its biggest litigation risks.

The CEO of the world’s largest shipping firm by capacity has given his unique insight into the rebound seen in global shipping prices in the last few months.

Speaking to CNBC Wednesday at…

Roberto Azevedo, the director-general at the World Trade Organization, has delivered a defense of global trade but admitted that the agreements struck with multilateral deals can often create…

Italy would remain focused on boosting growth and is reluctant to take further measures to cut the country’s deficit as repeatedly required by the European Union, an Italian official has said.…

A United Nations report says Asia's economic outlook for 2017 is strong despite slowing global growth due to sluggish international trade and investment.

The world economy grew 2.2% in 2016…

Global markets might have obtained further clarity on Brexit and on the new US administration, but the days of high levels of uncertainty are not over yet, the chief executive officer of ABB Group…

Taiwan’s GDP can grow by 2% this year, as the export-oriented economy should benefit from a continued recovery in the US and a gradual stabilization in emerging markets, S&P Global Ratings…

The economy posted its worst performance since the global financial crisis in the September quarter 2016, news.com reported. While economists expect the economy to avoid two consecutive quarters…

Goods imports into Ireland jumped by €938m ($1 billion), or 18%, between October and November to €6.2 billion, according to new figures from the Central Statistics Office, RTE reported. Exports…

Dubai home prices are set for another year of decline with supply outstripping demand even as developers delay the completion of properties, according to real estate adviser CBRE Group Inc,…

Pakistan’s economy is all set to grow further in the current year due to government’s pro-growth policies as indicated in its economic indicators, APP reported. According to a report, Pakistan…

Egypt is pushing ahead with plans to tap overseas bond markets, bolstered by a $12 billion loan from the International Monetary Fund—the lender’s largest in the region.

Chinese President Xi Jinping used his first appearance at the 47th World Economic Forum to mount a robust defense of globalization.

After hinting at a new tax policy on the oil industry, the Russian government said nearly $2 billion will be set aside to help the economy.

Rising air fares and food prices helped to push up UK inflation to its highest rate since July 2014 in December. Consumer price index inflation rose to 1.6% last month, up from 1.2% in November,…

Inflation-stricken Venezuela released new bigger denomination banknotes on Monday to stop citizens struggling with unwieldy wads of cash in an economic crisis.

The International Monetary Fund cut its growth outlook for Saudi Arabia on lower oil production, underscoring the challenges facing the kingdom as it seeks to overhaul its economy.

The Ecuadorian government, that will be elected next February 19, will receive a country with a growing and stabilized economy, says the president of the republic, Rafael Correa, Prensa Latina…

The world economic engine is expected to stay on course for a pickup in growth this year with surprisingly India being the only exception showing an impending slowdown in growth, data from the…

Economic restructuring remains a work in progress and more needs to be done to raise productivity growth, said Monetary Authority of Singapore managing director Ravi Menon.