World Economy

Hotels operating in the UAE continued to see declines in occupancy and room rates during October, according to the latest data from industry consultants STR, Arabian Business reported. It said the…

President Nicolas Maduro said Venezuela would issue higher denomination bills “very soon” as soaring inflation and a crumbling currency leave the crisis-stricken country’s largest note worth just…

Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and…

The European Central Bank has done everything in its power to fuel inflation and boost economic growth, but has had limited success. Now, risks and side effects are becoming more evident.

The US jobs report on Friday made one thing clear: president-elect Donald Trump will inherit the same two-track US economy that bedeviled his predecessor.

Malaysia’s economy now stands at RM1.3 trillion and has the potential to grow to a RM2 trillion ($448.88 billion) economy. Prime Minister and Umno president Najib Razak said this potential is…

Despite a green light from Brussels, Germany’s road toll plan continues to be criticized as discriminatory to foreign drivers. Now Dutch, Austrian, Belgian and Danish opposition may prove…

Greece expects to reach an initial agreement with its official creditors at a meeting of eurozone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its…

Singapore’s manufacturing economy continued on its uptrend, with the latest Purchasing Managers’ Index in expansion mode over the last three straight months. According to data from the Singapore…

The Northern Ireland economy will grow by just 1% in both 2017 and 2018, economists forecast. The Ulster University economists expect business investment will be delayed or cancelled as a result…

Beijing’s pledges to pursue trade liberalization in the face of a potentially more protectionist US under Donald Trump meant it was time for China to “walk the talk” on the issue, former WTO…

Economic pundits and crystal-ball gazers at the New York-based Conference Board, a global, independent business and research association, recently released their latest “Global Economic Outlook…

Mohamed Yassin’s minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away.

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Switzerland’s economic activity stagnated in the third quarter as the strength in investment was offset by negative net trade, the State Secretariat for Economic Affairs said Friday, RTTnews…

Italians head to the polls Sunday to vote on measures that Premier Matteo Renzi says will make the country more competitive. 

Australia’s retailers enjoyed another jump in sales in October, an outcome that augers well for momentum in consumer spending going into the all-important Christmas shopping period, Reuters…

Canada’s economy unexpectedly created 11,000 jobs in November, as an increase in part-time positions offset a loss of full-time work, Yahoo reported. This marked the second consecutive month where…

The eurozone’s unemployment rate has fallen below 10% for the first time since 2011. Unemployment fell to 9.8% in October—its lowest rate for seven years—from a revised 9.9% in September, the EU…

Venezuela is expected to be suspended from Mercosur for failing to meet economic, human rights and immigration accords governing the group. The South American country is under severe political and…

India and China have been anchor of global economic stability, posing a positive outlook for developing countries in the Asia-Pacific region in 2017, a UN study said Friday. 

Industrial output in Brazil fell more than expected in October as capital goods production slipped for a fourth straight month, in a sign of weakened appetite for investment amid a recession,…

The economy of Sharjah, a UAE emirate, has slowed with nominal GDP growth expected to remain around 4% into 2017 compared to 6% on average in 2010-2015, said Moody’s Investors Service, TradeArabia…

Nokia smartphones are poised for a comeback after former managers at the Finnish company licensed the handset brand from Microsoft and struck up partnerships with Google and phone manufacturer…

The lack of skilled staff is the biggest single issue facing the UK’s small businesses, a new report has found. Albion Ventures, a private equity house that focuses on the small business sector,…

Moody’s has forecast that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that the country’s macroeconomic stability will support the banks’…