World Economy

Hungary’s retail sales grew more than expected in June, figures from the Central Statistical Office showed Wednesday, RTT News reported. Retail sales increased by adjusted 5.7% year-on-year in…

Ireland’s unemployment rate has fallen to a new post-crash low of 5.1%. The rate for June was the lowest jobless rate recorded in the republic since October 2007 just prior to the financial…

Copper edged higher on Tuesday but was still near a seven-month low reached in the previous session as escalating US-China trade tensions raised concerns about demand.

Inflation in Turkey surged to over 15% in June for the first time in almost one-and-a-half decades, official statistics showed Tuesday, putting new pressure on the government of President Recep…

Persian Gulf Arab energy companies retreated from debt markets in the first half of 2018 after a banner year for borrowing as higher oil prices curbed financing needs for existing operations and…

The world’s largest telecom carrier, China Mobile, has suffered a setback in its efforts to offer services in the United States. The US Commerce Department doesn’t want the firm to operate in…

South Korea has lowered its maximum working hours from 68 hours a week to 52 hours. The legislation, which went into effect Sunday, received overwhelming support in the national assembly in an…

Leveraging fast-emerging technologies like self-driving cars, artificial intelligence and data-intensive precision medicine to address social challenges is a goal that many countries share.

Egypt should maintain tight monetary policy to contain the risk of inflation as a result of fuel and electricity subsidy cuts, the International Monetary Fund said on Monday, in a statement that…

French bank Societe Generale said on Tuesday it will buy Commerzbank’s equity markets and commodities business, strengthening its presence in areas such as derivatives, while the Frankfurt-based…

Italy’s populist government approved a law that makes it harder to put employees on short-term contracts, the cabinet’s first legislative initiative after taking office last month.

The…

Kenya and Tanzania are likely to be the most resilient against economic shocks because of their diversification and economic size, a new report by rating agency Moody’s says.

PricewaterhouseCoopers LLP must pay $625.3 million in damages to the US Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank failures of the global…

Asian exporters lost momentum last month even before tariffs on US and Chinese goods kick in this week, pressuring regional factory activity in a worrying sign the Trump administration’s “…

An oil price slump hit Saudi stocks on Monday while the Dubai exchange gave up its early gains due to renewed selling of property stocks.

Oil prices fell following comments from the…

Russia’s Economics Ministry revised its GDP growth forecast down to 1.9% from the previous 2.2% outlook, while in 2019 economic growth in expected to slow down to 1.4%, Vedomosti daily reported…

Zambia’s economic growth slumped to 2.6% in the first quarter of this year, down from 3.2% during the corresponding period last year, mainly driven by negative growth rates in the agriculture…

Qatar’s quarterly GDP at current prices in first quarter of 2018 is estimated at QR160.44 billion ($44.06 billion), showing an increase of 7% compared to the revised estimate of QR149.93 billion…

The manufacturing sector in Vietnam continued to expand in June, and at an accelerated rate, the latest survey from Nikkei revealed on Monday, with a manufacturing PMI score of 55.7 from 53.9 in…

Italy’s jobless rate fell to the lowest in almost six years, boosting the country’s month-old populist government.

Unemployment dropped in May to 10.7% from a revised 11% the month…

The weakening of the won in recent weeks carries both benefits and risks for the South Korean economy that is being held back by a simultaneous downturn in investment, consumption and exports,…

A central bank survey released Monday showed Japan’s corporate outlook has worsened from three months ago, highlighting risks to this export-reliant economy from trade tensions.

The Bank…

Axios has obtained a leaked draft of a Trump administration bill—ordered by the president himself—that would declare America’s abandonment of fundamental World Trade Organization rules, Jonathan…

The World Bank maintains Malaysia’s economic growth forecast at 5.4% following the country’s general election in May, as it foresees stronger growth in household consumption.

World Bank…

India’s manufacturing sector activity in June grew at the strongest pace this year, supported by rise in domestic and export orders, says a monthly survey.

The Nikkei India Manufacturing…