World Economy

The next few weeks may well be the most important for the global economy since the fall of Lehman Brothers in 2008. And it is not just about the EU referendum.

A handful of events, with…

Asia markets closed higher while the pound rose on Monday, amid easing Brexit concerns after several weekend polls showed the Remain camp regained momentum ahead of a referendum vote to decide the…

Machines may be taking over the world, but in at least one corner of the markets, humans are beating back the robots.

Greece’s latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial…

Spain’s trade deficit dropped 71.7% in April from a year earlier to €637.3 million ($722.4 million), the economy ministry said on Monday, as exports surged 6.3% while imports dropped 1.2%, Reuters…

When it comes to hefty trade surpluses, the likes of China, Japan, Germany and South Korea make the list of usual suspects.

But without much fanfare, Thailand—best known for its beaches,…

Britain's largest banks are disproportionately closing branches in the lowest-income areas while expanding in wealthier ones, taking bricks-and-mortar services away from communities where they are…

Japan needs bolder income policies such as penalizing profitable companies that do not increase wages, the International Monetary Fund said on Monday after concluding its annual economic…

It’s a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving…

With the European football championships in France in full swing, Air France pilots are set to go on strike from June 24 to 27, three major unions told AFP.

The unions said they were…

Australian restrictions on lending to foreign investors may put pressure on the nation’s apartment market as some buyers default on commitments, the Australian reported, citing research by…

The surge in demand for sovereign debt that drove yields on German government bonds to record lows this week is poised to resume before the UK referendum on European Union membership on June 23,…

Consumer confidence in New Zealand increased in June, beginning to recover after dipping the previous month, and expectations of higher inflation also rose, a survey showed, Yahoo reported. The…

Greece’s economy needs €80 billion ($90.2 billion) in order to recover and this was secured by the various sources of financing available, Economy, Development and Tourism Minister George…

The fundamental problem of the Japanese economy is a declining workforce, an Australia international economist told Xinhua in an exclusive interview.

Joseph Capurso, Commonwealth Bank of…

If Britons vote to take their country out of the European Union on June 23, no corner of the global financial market complex will emerge unscathed.

Politicians and bankers have warned that a UK exit from the European Union will cripple London’s financial sector, NewsNow reported. Banks have been increasingly vocal on the potential…

Qatar’s government expects to run a budget deficit for at least three years as low natural gas and oil prices weigh on its revenues, the ministry of development planning and statistics said on…

Russia’s economy is grappling with trade sanctions, deflated oil prices and difficult international relations—but as a high-level, three-day conference in St Petersburg which concluded Saturday…

Syrian refugees in Turkey are contributing to the economy of their host country in their own ways.

Out of 10 newly-established foreign firms in Turkey, three are owned by the Syrians,…

Brazil’s federal government has agreed to provide emergency funding to Rio de Janeiro state after the host of this year’s summer Olympics declared an emergency as it runs short of cash weeks…

Abu Dhabi’s central bank has announced that the money supply aggregate M1 decreased by 0.9% from AED 493.4 billion ($134.33 billion) at the end of April, 2016, to AED 488.9 billion at the end of…

European Commission President Jean-Claude Juncker is increasingly under fire because of his unilateral style of leadership. Officials in Berlin and Brussels are losing their patience and EU legal…

India’s central bank governor Raghuram Rajan, who has faced criticism from members of the ruling party for keeping interest rates too high, stunned officials on Saturday by announcing he would…

Venezuela's economy is in tatters and food shortages have reached critical levels as the country battles the world's highest inflation rate and a deep drop in oil production, its only source of…