World Economy

Siemens AG and Gamesa Corp. Tecnologica SA agreed to combine their wind-turbine manufacturing businesses, creating a company that will dominate the industry and speed up consolidation triggered by…

As the US Federal Reserve left their base interest rates unchanged at the June policy meeting amidst concerns regarding the domestic economy and international challenges, the…

The European Union is too big and is “sinking,” and the United Kingdom should take the chance to get out while it can, economist David Malpass said Friday.

British citizens vote next…

France’s National Statistics Institute Insee has said it expects the country’s economic growth to accelerate to 1.6% this year, Xinhua reported. According to the report, Insee said it expects the…

California is now the sixth-largest economy in the world, surpassing France, Reuters reported. California was the world’s eighth-largest economy in 2014, Irena Asmundson, chief economist of the…

With 53% inflows from China, the FDI in Pakistan increased by just 10% during the first 11 months (July-May) of 2015-16. However, the China-Pakistan Economic Corridor project is yet to attract…

Bilateral investment talks between the United States and China “continue to be productive,” the US trade representative’s office said on Friday after the two sides exchanged new offers this week…

A new report on Scotland’s economy suggests it is slowly but surely shaking off the oil and gas downturn and returning to modest growth.

The European Union reached a tentative agreement to crack down on corporate-tax avoidance, forcing nations to start closing loopholes that allow companies to get away with paying little or no tax…

Rio state authorities declared a "state of public calamity" over a major budget crisis in order to release emergency funds to finance the Olympic Games due to begin August 5.

The decree…

France’s government is trying to imitate Germany—and is facing a lot of resistance for doing so, as evidenced by the current strikes and demonstrations. But maybe Germany isn’t the shining example…

European authorities have authorized handing €7.5 billion ($8.4 billion), in bailout aid to Greece, which will allow the country to keep paying its bills in the coming months.

Last month was the hottest May in modern history, marking the 13th consecutive month that global temperature records have been shattered, the US National Oceanic and Atmospheric Administration…

The Taiwan Research Institute has adjusted its forecast for Taiwan’s gross domestic product growth for 2016 down by 1.14 percentage points, from 2.06% to 0.92%, CNA reported. The institute, a…

A unit of HSBC Holdings Plc said it will pay $1.575 billion to end a long-running securities fraud class action stemming from the acquisition of the Household International consumer finance…

Gold fell from the highest in almost two years as traders pared bets on the outcome of next week’s UK vote on membership in the European Union, reducing demand for the metal as a haven. Gold for…

Egypt’s central bank raised its key interest rates by 100 basis points on Thursday to their highest levels in years, in a move economists said was intended to rein in surging inflation and ease…

The Asian Development Bank expected Vietnam’s economic growth of 6.7% in 2016, staying unchanged compared to 2015, despite downside risk due to ongoing severe drought, said the ADB in a press…

The economic recovery promised by Argentine President Mauricio Macri for the second half of this year looks so unlikely it has become the butt of jokes on Twitter.

But at the Bokitas soup…

The Bank of Japan’s negative interest rate policy is gradually boosting the real economy, Gov. Haruhiko Kuroda told reporters Thursday after a policy meeting in which the central bank decided…

Record-low sovereign bond yields could cost European banks as much as 20% of their earnings over the coming years, UBS has warned.

The investment bank’s estimate is based on an assumption…

Creating the world’s largest moving robots to transport iron-ore across the vast Australian Outback is proving more complex and time-consuming than expected for Rio Tinto Group, fueling doubts the…

European banks’ stocks are taking a drubbing, and many are chasing lows not seen since February when their shares were hard-hit by plummeting oil prices.

But this time it’s for a different…

The eurozone current account surplus increased notably in April largely on higher primary income, figures from the European Central Bank showed Friday, Alliance News reported. The…

The Russian economy, thought to have suffered significant losses after sanctions were imposed by the EU and US in 2014, is now returning to growth, Russian President Vladimir Putin said on the…