World Economy

British inflation recorded its biggest jump in two years last month, setting the tone for a steep rise in prices over the coming year as sterling’s post-Brexit plunge squeezes household finances,…

Canadian manufacturing sales in August jumped much more than expected on widespread strength, reinforcing expectations that broad economic growth rebounded in the third quarter, Reuters reported.…

Australia’s prospects for maintaining economic growth that will stimulate job creation and eventually higher wages and inflation are “reasonable,” the central bank said.

Kenya’s debt burden has soared to Sh3 trillion ($29.6 billion)–and it is growing rapidly as fears of more taxation for Kenyans increase.

In a period of six months this year, the Jubilee…

Saudi Arabia has had a tough time weathering the crash in oil prices. GDP growth which was 10% in 2011, slumped to just 2.7% by 2013. Although it has marginally improved to around 3.5% by 2015, it…

Asian markets climbed on Tuesday as mixed readings on the US economy and comments from a top Federal Reserve official raised expectations that US interest rate rises would be gradual.

Tanzania is required to boost its economy by more than 13% annually in order to attain a middle income status by 2025. For the past years, the country’s economy has been growing at 7% only.

European Union governments will probably refrain on Tuesday from giving their verdict on the EU’s draft trade agreement with Canada because more time is needed to overcome a political split in…

The Bank of Uganda lowered its benchmark interest rate by 100 basis points to 13%, saying slowing inflation gave it room to support flagging growth. Two of three analysts surveyed by Bloomberg…

Removing the goods and services tax will paralyze Malaysia’s economy, says Prime Minister Najib Razak.

He said the GST was among the factors that helped spur the country’s growth despite a…

The walking dead are gnawing at Europe’s weak economy—zombie banks and zombie companies.

Almost a decade after the financial crisis ravaged the global economy, analysts and top officials…

Britain’s Fraser of Allander Institute has just published the first serious impact assessment of Brexit on the Scottish economy. It is a forecast based on a model, so the usual econometric health…

China’s two-week money-market rate climbed the most in almost two years as the central bank drained funds from the financial system and a weakening yuan reduced the possibility of monetary easing…

Deutsche Bank needs to move quickly to boost capital and deliver healthy profits if it is to restore investor confidence, but its room for maneuver appears limited, bankers, analysts and investors…

Japanese manufacturers’ confidence rose for a second straight month to a half-year high in October, a Reuters poll showed on Monday, while sentiment in the services sector hit a 3 1/2-year low—…

Brazilian Foreign Minister Jose Serra on Sunday said slowing inflation and government efforts to rein in public spending should soon allow for an interest rate cut in Latin America’s biggest…

Bank of America Corp, the second-largest US bank by assets, reported its first profit increase in three quarters on Monday, foiling expectations for another drop, as bond trading surged and…

Aluminum prices fell to two-week lows on Monday due to worries about Chinese producers ramping up output and adding to the surplus being created by semi-finished products being remelted, Reuters…

Emerging stocks and currencies came under pressure on Monday, weighed down by the dollar romping to its strongest level in nearly seven months and long-dated US bond yields climbing higher…

The Turkish statistics agency has reported a rise in unemployment in the country. It pointed out that joblessness among young people was of particular concern, with tourism taking a major hit…

All six (Persian) Gulf Cooperative Council states (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman) will experience sharp economic slowdowns in the coming months and…

Italy’s gamble on passing a constitutional referendum is turning into a buying opportunity for some bond investors.

South Korea’s economic growth is still expected to meet the government’s expectations this year, although recent strikes at Hyundai Motor Co and the discontinuation of Samsung Electronics Co Ltd’s…

Australia and New Zealand Bank economists say they are seeing  evidence of “typical late cycle” behavior starting to show in the economy—but believe that this time around New Zealand can…

The central bank governor behind one of the world’s biggest experiments with negative rates has declared their introduction “undramatic” even as many economists expect further cuts.

Stefan…