World Economy

The production of Estonia’s industrial enterprises in September increased 7% compared to September of last year, while the export sales of manufacturing production rose 10%, news.err reported.…

The debts of the world capitalist economy and low profitability since 2009 have produced a long depression—where global growth remains below pre-crisis levels and growth in world trade has stalled…

Singapore’s small, trade-dependent economy is under the weather—and likely to remain so for some time. While the country has not yet sunk into a full-blown recession, its fortunes are tied closely…

President Jacob Zuma says the African National Congress has played a big role in laying a foundation for black-owned companies, SABC reported. Addressing the Black Business Pioneers Dinner in…

Kenya’s impressive economic growth amid reports of struggling companies and job losses is raising concerns about the overall health of the economy.

The gross domestic product has grown…

Performance of leading Abu Dhabi based banks in the third quarter were clouded by the relatively higher cost of funds and increased delinquencies.

National Bank of Abu Dhabi reported net…

North Korea’s market economy accounted for 28.5% of its consumption and investments, an economist at South Korea’s central bank said Sunday, a sign that underscores the growing influence of the…

Egypt has reached a $2.7 billion currency swap agreement with China, moving closer to mustering the outside financing needed to win final approval of a $12 billion International Monetary Fund loan…

Dubai Financial Market, the Persian Gulf Arab states’ only listed stock exchange, reported a 22% fall in third-quarter net profit on Sunday, Reuters reported. Net profit of 35.4 million dirhams ($…

Net foreign assets at Saudi Arabia’s central bank fell by $7.4 billion to $546.7 billion in September from the previous month, as the government drew down reserves to cover a budget deficit caused…

Vietnam targets economic growth in the final quarter of this year of 7.1-7.7%, a government senior official said late Saturday, VNA reported. The rate will help the country achieve full-year…

The Markit Eurozone Purchasing Manager’s Index for October rose to 53.7 from 52.6 in September and above expectations of 52.8. The October reading is the highest so far this year. The increase was…

Concerns are growing that the South Korean economy may end up contracting in the fourth quarter of this year, as a string of woes drag down Asia’s fourth-largest economy.

The European Union and Canada signed a free trade agreement on Sunday that aims to generate jobs and growth though it must still clear some 40 national and regional parliaments in Europe in the…

Though China’s economy is currently witnessing a slowdown, the contribution of the world’s second largest economy to global growth will remain around 30% for the next five years, a top Chinese…

The New Zealand dollar has been in salvage mode since October 13 as it recovers from a near 6% drop over 26 trading days that began in early September. Much of the data that fuels currency…

The economy is forecast to sink 8% this year and the International Monetary Fund forecasts inflation will soar to four digits next year, AP reported. Foreign currency reserves have tumbled. Oil…

The IMF is upbeat on progress being made with Myanmar’s economy, Mizzima reported. An International Monetary Fund staff team led by Yongzheng Yang visited Myanmar from October 14-28, to undertake…

The average apartment rent in Dubai dropped to AED125,000 ($34,000) per annum in the third quarter of 2016, down 2% from the previous quarter, according to a new report, Arabian Business reported…

China is strategically buying up key technologies in Germany while protecting its own companies against foreign takeovers with “discriminatory requirements”, German Economy Minister Sigmar Gabriel…

EU nations approved a landmark free-trade deal with Canada late Friday, clearing the way for its signing after a drama that saw Belgian regions threaten to torpedo years of negotiations.

European immigrants are a bigger boost to the Scottish economy than people born here according to a new report that makes a mockery of anti-EU sentiment.

The Scottish government study…

Taiwan’s economy grew at its fastest pace in more than a year in the third quarter, thanks to strong demand for tech gadgets ahead of the year-end shopping spree and better investment and…

Foreign buyers sharply scaled back Vancouver-area property purchases in September after British Columbia introduced a tax on international investors aimed at cooling the city’s housing market,…

The selloff in euro region bonds this month has delivered a boost of more than €580 billion ($635 billion) to the European Central Bank’s asset-purchase program.