World Economy

The International Monetary Fund has warned Tanzania that the country’s economic policies threaten its forecast for growth in fiscal year 2016/17 (July-June) of around 7%, Yahoo reported. President…

German industrial production rose in November, adding to signs that Europe’s largest economy saw a strong finish to the end of last year.

China vowed on Tuesday to contain high company debt levels and further cut excess coal and steel capacity, as Beijing attempts to maintain solid and more balanced economic growth while avoiding…

A couple of days before the last federal election, (former premier) Stephen Harper said the economic plan Justin Trudeau was pitching to the electorate was “all unicorns and rainbows.” While it…

Russia needs clear economic policies to prevent shocks from oil prices, though stability is expected at $40 per barrel, a development minister said.

German Social Democratic leader Sigmar Gabriel said Chancellor Angela Merkel’s austerity policies threaten European cohesion as he laid out options for an SPD-led government coalition that could…

Big banks kick off fourth-quarter earnings season in the coming week, but investors are more interested in their outlooks as the industry faces the prospect of a faster pace of interest rate…

Britain’s three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a potential squeeze on consumer spending in 2017…

Economists aren’t shying away from joining Donald Trump’s administration and would be willing to pitch in if asked, according to former economic policy makers now in academia.

A protest against Mexico’s 20% gasoline price hike turned violent Saturday after a lone protester drove his truck into a line of police guarding a fuel distribution terminal in Baja California.…

China is confident to have reached an economic growth of 6.7% in 2016, within a targeted range set earlier in the year, Vice Finance Minister Zhu Guangyao said on Sunday.

Months after it laid off 340 employees, controversy-ridden Theranos announced Friday it will cut down its workforce by 41%t, firing around 155 more employees. The blood-testing company now has 220…

More than three quarters of Irish workers expect to get a pay rise in 2017. That is according to a new survey of staff working in over 7,000 firms across the country, breakingnews.ie reports. The…

After a poor 12 months of low returns on oil and petrochemical services, the number of foreign workers leaving Oman continues to increase, according to new statistics.  According to a 2016…

South African National Congress Youth League spokesperson Mlondi Mkhize says they expect President Jacob Zuma to address how the youth will benefit in government through the statement of African…

Portugal’s rate of unemployment totaled 10.5% in November, according to a provisional estimate from the country’s National Statistics Institute (INE), which also lowered the figure for October to…

Qatar is “moving in the right direction” amid lower energy prices and is well-positioned to grow in 2017, the International Monetary Fund (IMF) has said.

In a year-end note, the IMF said…

Japan’s decision to suspend talks on a currency swap with South Korea last Friday will have limited impact while caution is still advised, according to economists and experts.

The Egyptian pound strengthened slightly at banks in that country as demand for dollars by importers eased, bankers told Reuters on Sunday.

The dollar was being bought for around 18 pounds…

With a meeting of eurozone finance ministry officials scheduled for Thursday, Greek and European officials aim to unfreeze stalled bailout negotiations even though key decisions vis-a-vis Greece’s…

Apple penalized CEO Tim Cook for the iPhone maker’s first sales slump in 15 years with a 15% pay cut. Cook still made out well with a compensation package valued at $8.7 million for Apple’s fiscal…

American and Chinese data and an expected news conference by US president-elect Donald Trump in the coming week may shed some light on the state of the world's two biggest economies - and the…

How close was the Dow Jones Industrial Average on Friday to hitting an eagerly awaited milestone? Less than six pennies. That is essentially the difference between oh-so-close and maybe-next-…

Volkswagen is close to a $2 billion settlement deal after a US criminal investigation into the emissions-cheating scandal. A settlement is crucial to VW’s aim of rebuilding in the US, a key part…

China’s foreign exchange reserves fell by $320 billion last year, Beijing announced Saturday, as authorities sought to support the yuan against a soaring dollar which is encouraging capital…