World Economy

Egypt’s non-oil private sector firms reported ongoing difficulties in September, as business conditions worsened for the twelfth straight month, according to the latest Emirates National Bank of…

Growth in developing East Asia and Pacific is expected to remain resilient over the next three years, according to a new World Bank report.

China’s dependence on debt was growing at a “dangerous pace” and it must act to head off a brewing crisis, the IMF warned late Tuesday.

The IMF also said the leaders of the world’s second-…

 Asian shares and gold retreated on Wednesday and bond yields were near two-week highs as markets were rattled by a media report flagging the possible withdrawal of the European Central Bank’…

Children are more than twice as likely as adults to live in extreme poverty, according to a new analysis from the World Bank Group and UNICEF.

France’s government confirmed to local officials on Tuesday that it was ordering 15 high-speed TGV trains plus six TGV trains for the Paris-Turin-Milan line from Alstom as part of a plan to keep…

“Never let a crisis go to waste” has always been one of the European Union’s guiding principles. But what about five simultaneous crises?

ING Groep’s plans to shed 7,000 jobs and invest in its digital platforms to make annual savings of €900 million ($1 billion) by 2021, drew swift criticism from unions of the Netherlands’ largest…

It’s Italy’s turn to worry the bond market. Two months before a referendum on reducing the power of the Senate, the country now pays the most to borrow compared with Spain since 2014 based on…

Borrowing by small US firms rose in August, in part because the month had more business days than July, and the percentage of firms late on repaying existing loans also increased, data released on…

Spain’s economic growth has been good in the third quarter and has expanded at a similar rate to that seen in the first half, acting Economy Minister Luis de Guindos said on Tuesday, Reuters…

India’s central bank has cut a key interest rate to its lowest level for nearly six years, in an effort to boost the economy, BBC reported. The bank cut its benchmark repo rate to 6.25% from 6.50…

The International Monetary Fund kept South Korea’s economic growth forecast for this year and next year unchanged in its latest quarterly economic outlook, the country’s finance ministry here said…

Global property investment volumes have fallen for the first time in seven years as investors retreated from mounting international risks.

Roughly $919.7 billion was committed to property…

Mena countries should press ahead with further economic and structural reforms to boost flagging trade and investment, restore public trust and create jobs for the region’s young population, the…

European Central Bank board member Peter Praet warned on Tuesday that a persistent drop in eurozone bank stocks could curb lending to firms and individuals, underlining concerns within the ECB…

The International Monetary Fund is downgrading its forecast for the US economy this year because business investment has proved weaker than expected.

The IMF cut its estimate for US…

Brazil’s real declined as industrial production contracted more than forecast, highlighting the challenges President Michel Temer still faces as he tries to pull the country out of its worst…

Spanish 10-year bond yields hit a new record low on Monday, outperforming their eurozone peers, on hopes that the resignation of the Socialist party's leader at the weekend would help pave the way…

After more than half a decade of grueling, austerity-driven recession, Greece has forecast economic growth in 2017, in what would be its first annual rebound in seven years.

Yoshinori Ohsumi, a Japanese cell biologist, was awarded the Nobel Prize in Physiology or Medicine on Monday.

He was selected for his discoveries of mechanisms for autophagy, a concept…

The World Bank says the Philippine economy may grow faster than expected if public infrastructure spending is increased as planned, AP reported. The bank said if that happened, the country’s…

 US construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors, CNBC…

Persian Gulf Arab states are planning to raise funds worth $50 billion by way of bond issues to reduce deficits which are expected to grow with oil prices remaining relatively low, according to a…

South Africa may be over the worst of its economic downturn with potential growth of over 1% next year, Finance Minister Pravin Gordhan said on Monday, noting President Jacob Zuma had expressed…