World Economy

British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union, a survey…

The outlook for the eurozone economy remains stable but lackluster, a Reuters poll showed, suggesting that for now, the main risks emanating from the UK's vote to leave the European Union are…

With successes achieved in its efforts to counter the global financial tsunami that broke out eight years ago, the Group of 20 now needs to structurally upgrade itself in order to take the global…

Thailand’s economic growth may have peaked in the second quarter and the economy will likely expand less than 3% in the latter half as southern bombings take their toll, Credit Suisse predicted.…

The ratio of Jamaica’s stock of public debt-to-gross domestic product was reduced to 120.2% as at March this year, better than the projected 125.1% set under the economic support program with the…

Some 15 Russian air companies are ready to resume chartered flights to Turkey as permission is in place, head of Rosaviatsiya Alexander Neradko told reporters late Saturday, Tass said. All the…

The World Trade Organization panel upheld European Union’s claims against Russia pertaining to duties on import of paper, fridges and palm oil but denied its allegations that Moscow’s violations…

South Korea gained political independence from Japanese rule exactly 71 years ago. As far as the economy is concerned, however, the former seems to be still dominated by the latter.

 Sabri Mashaaleh feels misled and angry. The 29-year-old studied counseling expecting to find a civil service job, in line with what used to be a typical life path for college-educated…

Online banking is changing, everywhere in every world nation… and developments in the UK could soon be reflected elsewhere. Recent reforms in so-called Open Banking have been pushed…

An economic and political crisis has hit Brazil during the last few years. Because of rising unemployment and high inflation, Brazilian consumer consumption has greatly decreased.

The International Monetary Fund is stepping up lending in a region where economic reformers haven’t exactly had the most success, Bloomberg reported. Hoping to restore the confidence of foreign…

An IMF paper has raised question marks over the ability of the Reserve Bank of India to target inflation through monetary measures, saying the size of the formal financial sector is small in India…

The kingdom of Saudi Arabia is struggling with weak GDP growth, higher fees and taxes, and an economy that is unable to pay the dues to its workers, leaving thousands of workers from South Asia…

The UK has run up a national pension deficit of more than £400 billion ($518 billion) over the past decade, becoming the biggest liability to the economy.

Even worse, the Bank of England's…

China’s cooperation with Africa has been dominated by commercial deals instead of aid as in the past, with $46 billion in direct Chinese investment and commercial loans having been signed since…

More than half of surveyed major Japanese companies expect the nation’s economic conditions to stay flat by the end of this year, citing such concerns as sluggish consumer spending, a firmer yen…

Expat visa cancellations in Dubai rose by 17% between 2015 and 2016, according to new figures, lending weight to fears that more people are leaving the country amid an uncertain job market and…

Thousands of Venezuelans on Saturday crossed into Colombia to buy food and medicine under the first step of a controlled, gradual reopening of the border.

Five pedestrian border crossings…

Rules are made to be broken—and that’s official. Spain and Portugal have just escaped punishment for breaking the European Union’s budget-deficit limits.

India’s trade deficit narrowed to $7.75 billion in July 2016, helped by a 19.03% fall in monthly imports. Trade deficit for April-July 2016-17 is estimated at $27 billion against a deficit of $45.…

China's near-term growth outlook has improved due to recent policy support but the country needs to rein in fast credit growth to ensure economic transition on a sustainable footing, the…

In an effort to take advantage of the next technological breakthrough, automakers are throwing piles of money at startups and researchers around the world.

Toyota is about to expand its…

South Korea’s economy will expand 2.7% this year and 3% next year, the International Monetary Fund said in a statement, which also welcomed recent fiscal and monetary stimulus in Asia’s fourth-…

Eastern Europe staked out four of the five fastest growth rates in the European Union last quarter as consumer spending offset a drop in investment and sent some economies to…