India has become the world’s sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017.
India’s gross domestic product amounted to $2.597…
World Economy
Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell…
Rising prices are affecting manufacturers in emerging Asia despite central banks' recent attempts to control inflation, the latest Nikkei Purchasing Managers' Index shows. The results,…
21st Century Fox said Wednesday that it has reached a new deal to buy Sky that values the UK broadcaster around £24.5 billion ($32.5 billion).
Rupert Murdoch’s Fox is in a bidding war…
The European Central Bank’s first interest rate rise could take place at some point through the summer of 2019 at the earliest if inflation conditions warrant a move, ECB policy maker Francois…
Singapore’s economy likely expanded at a slower pace in the second quarter as manufacturing lost momentum and as risks to the global trade outlook grew on the intensifying trade dispute between…
Vietnam’s strong economic momentum is expected to continue in 2018, aided by the reform drive, higher potential output, the global recovery, and commitment to macroeconomic and financial…
China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab officials Tuesday, as Beijing seeks to build its influence in the Middle…
Consumers and businesses have already begun to feel the pinch of President Donald Trump’s trade battles with the rest of the world, and the pain may be just starting.
Switzerland has launched a dispute at the World Trade Organization against “unjustified” US steel and aluminum tariffs, the Swiss Economy Ministry said Tuesday in a statement.
“From…
The head of Italy’s central bank on Tuesday warned the new anti-establishment government to be cautious with public finances to avoid upsetting financial markets and increasing public debt,…
European Central Bank head Mario Draghi says that new trade barriers are the main risk to Europe’s economy and that it’s up to the European Union to “lead by example” by supporting economic…
Cuba will restrict business licenses to one per person under new private sector regulations which come into force in December amid fears reforms to open up its ailing economy have gone too far…
China's producer inflation accelerated to a six-month high in June, lifted by strong commodity prices and threatening to put more pressure on the country's exporters as a trade war escalates…
The growth rate of Romania’s gross domestic product will slow down to 3.9% this year, from unsustainable growth rates in the past couple of years, while political risks remain significant,…
Asian economists maintained their forecasts of steady growth for their economies in 2018 and beyond despite recent changes in the business environment, including increased US-China trade…
As companies struggle with slower business and authorities impose more fees on foreigners, the biggest Arab economy is losing some of its allure to expats who once flocked to a country awash…
In line with Iraq’s aim to implement a stable macroeconomic framework in the country, the government seeks to unlock potential investment opportunities in both the oil and gas as well as non-oil…
The maneuver was brilliant, a virtually risk-free transaction that guaranteed hefty returns after only a few days. Then the taxman caught on.
More than half of Gaza’s residents—53%, or 1.01 million people, including more than 400,000 children—live in poverty, on less than €4 ($4.7) a day. Gaza’s economy has been devastated since the…
France’s industrial production declined for the third straight month in May, defying economists’ forecast for an increase, the statistical office Insee showed Tuesday, RTTNews reported.…
Most Asian currencies strengthened on Monday, as the dollar struggled near 3-1/2 week lows after closely-watched US wages indicators disappointed the market.
Riskier assets globally,…
The world’s biggest mobile factory was launched in Noida near Delhi on Monday by Prime Minister Narendra Modi and South Korean President Moon Jae.
The factory is situated in Noida, a…
The economy has begun to show signs of slowing down as Indonesia is entering the year of politics. Simultaneous elections in 171 regions have just been completed in a peaceful and legitimate…
The International Monetary Fund said it expected Oman to gradually raise non-hydrocarbon growth to about 4% over the medium term, Reuters reported. In a statement on its website, IMF executive…
