World Economy

Byblos Bank issued the results of the Byblos Bank Real Estate Demand Index on Tuesday for the third quarter of 2016.

The federal government in Australia should consider slowing its path to budget balance and instead spend more on growth-friendly infrastructure projects, IMF staff said in their annual check-up on…

German economic growth slowed to the weakest pace in a year last quarter, a reminder of the fragility of the eurozone’s recovery in a time of rising uncertainty.

Gross domestic product rose…

Anyone who lived through the 1970s is likely to shudder when they hear the term "stagflation". That’s the dreadful combination of rising inflation, higher unemployment and a slowing economy that…

The UAE plans to attract over $70 billion in industrial investments by 2025, according to the country’s minister of economy.

The investment will increase the industrial sector’s share to…

Federal Reserve Chair Janet Yellen testifies before Congress this week on the economy in a hearing that should clarify whether the Fed remains on track to hike interest rates next month after…

Intrum Justitia AB is merging with Lindorff in a Nordic deal that will add scale to Europe’s biggest debt collector, Bloomberg reported. “The combined entity is, through its scale and…

Italy’s annual inflation rate was -0.2% in October, Istat said on Monday after revising its preliminary forecast that put deflation at 0.1%, ANSA reported. The national statistics agency said its…

BMW wants to boost sales of electric cars by two-thirds next year to 100,000 vehicles as the luxury automaker is offering more battery-powered models, Sueddeutsche Zeitung reported, citing Chief…

The National Party of Western Australia’s proposed new tax on iron-ore could cost Australia about 13,500 jobs and shrink the economy by about A$2.9-billion ($2.19 billion) a year.

Asian equity markets were mixed Monday, with Japan’s Nikkei outperforming regional markets following stronger-than-expected economic data and a weaker yen.

The Nikkei Stock Average closed…

A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa.

But as times have got tougher…

Poland will see faster GDP growth in the coming years, driven by investment and consumption, according to a projection by the country’s central bank, PAP reported.

Japan's economic growth handily beat expectations in the July-September period, expanding for a third straight quarter as exports recovered, but weak domestic activity cast doubt on hopes for a…

The World Bank released its latest forecast for the Russian economy. The prediction was better than expected, showing the Russian economy shrinking by 0.6% in 2016, then rising by 1.5% in 2017 and…

Britain's businesses have delayed or canceled investments worth £65.5 billion ($82 billion) since the vote to leave the European Union, with more than 40% of large companies scaling back, a survey…

In the face of the current crisis, Mongolia cut spending and requested support from the IMF. To turn the economy around, the new government aims to lure foreign money to pay for stalled…

A partial economic recovery in European Union member countries has not translated into fewer people living in poverty despite them having full-time jobs, a new study has shown. Germany is no…

Deutsche Bank AG Chief Executive Officer John Cryan’s troubles range from the company’s mounting legal costs to stricter regulation that’s eroding returns. And there’s at least one challenge he…

Global economic growth will pick up next year from the very weak levels this year, as the outlook for the US and emerging economies improves slightly, according to a report by Moody's Investors…

The dollar rose to a nine-month high against a basket of major currencies on Monday, riding climbing US yields and seen to be at the cusp of a renewed bull phase following Donald Trump’s US…

The Office for National Statistics is expected to announce the UK consumer price index for October on Tuesday, NewsNow reported. The market will be watching the release of the inflation data,…

Egypt’s $12 billion three-year IMF loan program will be repaid in 10 years with a 4.5 year grace period and the reforms agreed with the international lender aim to boost growth and curb inflation…

If Britain does not agree a transitional arrangement with the European Union for the country’s finance industry, it will be damaging for the economy and the financial services sector, the chairman…

Chinese entrepreneurs’ confidence in domestic economy has been restored as the economy shows more signs of stabilizing, according to findings of a recent survey, Xinhua reported. Organizers of the…