World Economy

The head of the International Monetary Fund has made an impassioned plea for the UK to vote to stay in the EU, arguing that membership of the bloc has made the economy stronger and the country…

Free market economics have served Poland well. Since a brief downturn in the early 1990s when it launched its post-communist transformation, it has had no recession. Its economy grew right through…

Federal Reserve policymakers “don’t have a vision” for where the US economy is going, Allianz Chief Economic Adviser Mohamed El-Erian said Thursday, a day after central bankers decided…

South Korea’s youth unemployment came in at 9.7% last month, the highest for the month of May since comparable data began to be collected in 1999, Yonhap reported. The jobless rate for the 15-29…

China’s debt risks are under control given its high savings rate, but steps are needed to tackle exceptionally high corporate liabilities, an influential government economist said on Wednesday.…

On June 14, a court in Bahrain ordered the main opposition party Al Wefaq to be closed and its funds seized, following a request by the justice ministry. The surprise decision is likely…

With the Federal Reserve considered sure to leave interest rates alone when it ends a meeting Wednesday, Fed watchers will be seeking clues to the timing of future moves, AP reported. The central…

Russia’s federal budget deficit amounted to 1.486 trillion rubles (about $22 billion), or 4.6% of the country’s gross domestic product, in the first five months of 2016, the state news agency Tass…

Global investors will be eyeing monetary policy announcements from two of the world’s leading central banks over the next 48 hours to provide reassurance.

The Nigerian National Bureau of Statistics said the consumer price index increased to 15.6% in May from 13.7% in April.

A report released by the NBS in Abuja said the CPI, which measures…

Abu Dhabi’s sovereign wealth fund is seeking $6.5 billion from Malaysia’s troubled state investment vehicle 1MDB, as it moves to settle a debt dispute through international arbitration, Middle…

Shop owner Hassan Mahmoud laid out his heaps of dried fruits and nuts at a multicolored Ramadan tent in the Egyptian capital to catch shoppers’ eyes for the fasting month, like he does every year…

Russia’s Vnesheconombank is dumping assets at fire-sale prices and relying on emergency government assistance to avoid default. It has virtually stopped new lending and cut off financing to most…

The main threat to progress in Latin America and the Caribbean is the relapse of millions of families back into poverty.

A leading economic forecaster has warned that Scotland may fail to avoid a recession in the coming months as the economy continues to slow down.

The University of Strathclyde’s Fraser of…

Economy Minister Giorgos Stathakis admitted that although the first bailout program evaluation was successful, there are still thorns ahead that the government will face in September,…

Developing-nation stocks halted a four-day slide as Chinese shares led a rebound in Asia and currencies held declines before the Federal Reserve’s policy review.

The advertising industry annually contributes around $40 billion, or 2.5% of GDP, to the Australian economy, a new report has estimated.

If you’re already feeling gouged by bank fees, it may be time to check your statements. Almost all of Canada’s big banks are doling out some kind of personal banking fee increase this year.…

Eurozone industrial production rebounded in April on a monthly basis after two consecutive falls, rising more than expected mostly because of a surge in the output of durable consumer goods, such…

The South Korean Finance Minister Yoo Il-ho said Tuesday that the government will announce a package of fiscal policies that would sufficiently stimulate the economy in the second half amid…

Turkey’s economy may face a challenging period in the event of an increase in oil prices, the executive director of the International Energy Agency, Fatih Birol, has said, while urging officials…

Who cheats on tests? Some foreign drug makers do. Several dozen companies have been caught in the act, fabricating data used by Health Canada and other regulators to approve drugs for sale in…

Against the backdrop of Euro 2016, nationwide strikes are washing over France as workers protest labor market reforms making it easier to hire and fire employees. Even the Eiffel Tower was closed…

UK inflation is expected to have improved slightly in May as oil prices recover, DigitalLook reported. The consumer price index for May, released on Tuesday, is forecast to rise 0.4% year-on-year…