World Economy

The swift growth of the Polish economy has created a demand for workers, particularly cheap labor from the East. The gap is being filled by people from Belarus and Ukraine, many of whom used to…

World stock markets drifted Friday as investors increasingly factored in a Fed rate hike soon, based on the brightening US corporate and economic outlook.

EU leaders have voiced wariness that Russia is seeking to weaken the bloc, according to EU President Donald Tusk. However, an EU plan to threaten Russia with sanctions for its part in attacks on…

Zimbabwe’s tentative return to its own currency is getting a hostile reception from citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation…

Malaysian Prime Minister Najib Razak pledged to keep the budget deficit under control in the face of global risks and low oil prices, while relying on key infrastructure projects and cash handouts…

Bombardier Inc. will cut an additional 7,500 jobs—more than 10% of its workforce—as the maker of trains and airplanes accelerates a restructuring plan after taking on billions of dollars of debt…

The euro fell to its lowest level since March after Mario Draghi signaled Thursday quantitative easing won’t come to an “abrupt” end, leaving traders waiting until at least December for news about…

Brazil’s central bank cut its key interest rate for the first time in more than three years as a new center-right government’s reforms fuel hopes of a recovery in Latin America’s largest economy…

A slipping Canadian economy, highlighted by another downgraded Bank of Canada forecast, could add billions of dollars to the federal deficit, as Finance Minister Bill Morneau is cautioning the…

US housing starts fell in September while applications for building permits increased compared with the prior month, the US Department of Commerce reported Wednesday, Xinhua reported. US privately…

In the fight against tax evasion, Germany and Panama are to enter into an information sharing agreement as well as enhancing transparency, reported Chancellor Angela Merkel following a meeting…

Brazil’s central bank is poised to cut some of the world’s highest interest rates for the first time in four years on Wednesday, in an attempt to help Latin America’s No.1 economy emerge from its…

Unemployment in Scotland has fallen by 25,000 to an eight-year low with the jobless rate north of the border now below the UK as a whole, official figures Wednesday revealed, STV News reported.…

Slovenia’s borrowing costs held close to recent record lows on Wednesday after it unveiled a plan to reprofile its debt in a move that takes advantage of the European Central Bank’s massive bond-…

The Russian economy will struggle to return to pre-crisis growth levels in the next few years because consumer demand will stay weak as people save more and spend less, Fitch Ratings said.

China's economy has managed a curiously singular feat for any country: Growing a steady rate of 6.7% for the third quarter in a row.

"It's definitely unusual in an international context,"…

Libya’s economy is on the verge of collapse, the World Bank has warned.

“The Libyan economy is near collapse as political stalemate and civil conflict prevent it from fully exploiting its…

Goldman Sachs Group Inc. reported a 58% jump in third-quarter profit on Tuesday as bond trading rebounded and the Wall Street bank managed to keep a lid on expenses.

Goldman reported nearly…

The political instability in the country would make it easy for ratings agencies S&P Global and Fitch to downgrade South Africa to junk status when they announce their decision in December,…

Japan’s 10-year bonds failed to trade Wednesday for the first time that’s happened in more than a year, Bloomberg reported. The benchmark notes hadn’t changed hands as of 4:30 p.m. in Tokyo…

Oil-producing Mideast countries are coping with low global oil prices, yet more government reforms are needed, the International Monetary Fund’s chief for the Mideast said as the organization…

Controversial new rules designed to strengthen the banking sector risk is damaging lenders’ ability to support the economy, the head of the Netherlands’ largest bank by assets said.

The…

Optimism in Britain’s economic prospects has nosedived amid jitters caused by the tumbling pound and business worries over Brexit, an exclusive poll revealed Wednesday.

A big increase in…

Retail sales in Brazil fell for a second straight month in August even as supermarket sales firmed, government data showed on Tuesday, in another sign of weakness as the economy struggles to…

Russia’s budget deficit for January-September 2016 amounted to 1.576 trillion rubles ($25.09 billion) or 2.6% of GDP, according to the finance ministry, Tass reported. The federal budget deficit…