World Economy

Mena M&A activity and value declined in the third quarter of 2016, recording 74 deals amounting to $5 billion, compared to 98 deals amounting to $6 billion in Q3 2015, says top professional…

Transparency International has published the results of a poll on corruption in over 40 nations in Europe and Central Asia. One in three people there see bribes changing hands as one of the…

EU authorities are set to fine HSBC, JPMorgan and Credit Agricole by the end of the year for rigging financial benchmarks linked to the euro, Reuters reports, citing sources familiar with the…

Over the past year, the New Zealand economy has performed quite well. The country’s real GDP grew 0.8% to 0.9% in sequential terms in the past four quarters.

Investors resumed the post-US election trade of selling bonds and buying stocks on Wednesday after a pause earlier this week, albeit less aggressively, with Japan’s 10-year bond yield hitting its…

Boeing Co, the world’s biggest planemaker, said that it would cut 500 jobs over four years and shut two plants as it revamps its defense and space unit, Reuters reported. The company, which is…

The demonetization of Rs 500 and Rs 1,000 notes has left many in India facing a severe cash crunch and led to people lining outside banks or ATMs for cash, Zeebiz reported. The lack of liquidity…

Sanctions slammed on Zimbabwe by the International Monetary Fund have been lifted after the southern African country settled its arrears, TVCnews reported. The IMF, however, warns that it will not…

Cuba’s economic difficulties will be aggravated by the uncertainty regarding how US President-elect Donald Trump will deal with the thaw inherited from President Barack Obama.

The yuan ignored a declining dollar to drop to an eight-year low, with banks slashing their forecasts for China’s exchange rate amid concern an imminent Federal Reserve interest-rate increase will…

The number of out-of-work Scots has fallen by 14,000, the latest official figures have shown. Unemployment now stands at 129,000, according to the Office for National Statistics data released…

The economy of Cyprus grew 0.7% in the three months to September, official figures showed late Tuesday, in the seventh consecutive quarter of expansion for the bailed-out eurozone member.

…

The impact of a “no” vote in the upcoming Italian referendum could be far more serious for Europe than Italy, according to analysts, who believe it would form part of the same underlying force as…

Germany’s Bundesbank delivered an ultimatum to other major banking powers including the US that it will walk away from talks on revamping global capital rules unless its key demands are met.

Worries about inflation among British households have risen to their highest level in nearly two and a half years following the fall in the value of the pound since the Brexit vote in June, a…

US retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to…

France’s inflation held steady as previously estimated in October, final data from the statistical office Insee showed Tuesday, Alliance News reported. Consumer prices climbed 0.4% year-on-year in…

The Egyptian pound strengthened slightly on Monday and importers reported increased dollar liquidity at banks days after the International Monetary Fund approved a $12 billion loan the government…

China’s retail sales growth slowed last month, government data showed Monday, in a worrying sign for domestic demand in the world’s second-largest economy, AFP reported. Retail sales in October…

Turkey’s unemployment rate rose to 11.3% in August year-on-year, an increase of 1.2 percentage points, the Turkish Statistical Institute announced Tueaday, Anadolu Agency reported. The number of…

The Dutch economy grew 2.4% year-on-year in the third quarter and unemployment fell sharply in welcome news for Prime Minister Mark Rutte’s government, which trails the far-right Freedom Party…

Russia's economy contracted by 0.4% over the past year, authorities say, indicating that while it remained in recession it appears to be stabilizing.

The 0.4% decline in the economy…

German Chancellor Angela Merkel called on Tuesday for globalization to be framed in multilateral agreements rather than see countries adopt protectionist measures, in a thinly veiled warning to US…

Royal Bank of Canada is hiking mortgage rates and making it more expensive for homebuyers who want to take more than 25 years to pay back their loan.

The special offer rates for three, four…

A new report has claimed that one in four small businesses in Britain have been turned down for growth funding, with a significant number reporting serious dissatisfaction with the service offered…