World Economy

Environmental crimes are rising due to weak laws and enforcement, costing the global economy as much as a record $258 billion, about a quarter more than previously estimated, the United Nations…

The postponement of Japan’s consumption tax increase that was announced by Prime Minister Shinzo Abe earlier this week is expected to push up the country’s economic growth rate by slightly less…

Colombia’s economy grew at the slowest pace since 2009 in the first three months of the year as consumer confidence slumped and prices fell for the nation’s oil, coal and coffee. The weaker-than-…

The International Monetary Fund believes that the Greek economy has reached its limits and that the country’s debt is now so difficult to be managed that it is necessary for the Europeans to…

Poland’s prime minister has presented the details of a planned large-scale housing program in support of low-income families. The scheme addresses the problem of those unable to afford to even…

Tunisia has reached a deal with the United States for $500 million in loan guarantees to boost the North African country’s struggling economy, AP reported. Tunisian Finance Minister Slim Chaker…

Finland was downgraded by Moody’s Investors Service, losing its last top credit rating just as the northernmost eurozone member is showing signs of emerging from a protracted economic stagnation,…

The Bank of England has unveiled the design for the new plastic £5 note, BBC said. The new banknote will be smaller than the current one and be printed on a thin plastic called polymer. For more…

Scotland’s economy grew by 1.9% in 2015 and is set to continue to grow slowly, according to the chief economist.

Dr. Gary Gillespie said the economy was “resilient”, but warned that the…

An unexpectedly bleak May jobs report has suddenly muddied the outlook for the US economy.

Until this week, the Federal Reserve had seemed poised to raise interest rates perhaps as soon as…

Emerging markets portfolio investment from foreign investors slowed to a net $1.2 billion in May after touching $17.3 billion in April and $26.4 billion in March, an industry body said, Reuters…

The IMF has approved a three-year $1.5 billion loan to support Sri Lanka’s economic reform agenda. Sri Lanka received $2.6 billion from the IMF to boost its financial reserves in 2009.

The…

Brazil’s economy contracted 5.4% in the first quarter from a year earlier, highlighting the challenge facing interim president Michel Temer as he tries to end the country’s worst recession in more…

The eurozone’s lackluster pace of growth is set to continue as the economy cools from a strong first-quarter performance, according to Markit Economics.

Mutual funds, whose assets comprise the largest share of investment vehicles in Argentina, will expand “explosively” once regulatory changes are put in place by the pro-business government of…

The US Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as “espionage”, according to Fed records.

For ASEAN to meet the growth and inclusion challenges posed by the Fourth Industrial Revolution–the rapid adoption of new technologies and digital systems–countries in the region must reform the…

Saudi Arabia has summoned bankers to meetings in Riyadh next week as the oil exporter seeks to launch its debut international bond of about $15 billion as early as July.

Thailand’s consumer prices rose for the second straight month in May, following more than a year of declines, as an uptick in oil prices and a drought-related decline in food supply…

The global economy is slipping into a self-fulfilling "low-growth trap" where ultra-loose monetary policy risks doing more harm than good, the Organization for Economic Cooperation and Development…

Asian stocks gave up early gains to end mostly lower on Wednesday as oil extended overnight losses, the yen strengthened and a slew of data painted a mixed picture of regional economies.

…

Unemployment rate rose 1.3% in Serbia in the first quarter of 2016 and is now at 19%, the Statistical Office has announced. The Belgrade region has the greatest number of unemployed persons (20.5…

SoftBank Group Corp said it will sell at least $7.9 billion of shares in Alibaba Group Holding Ltd—a move that will cut the Japanese firm’s debt amid worries about losses at its US telecoms unit…

HSBC Holdings Plc is cutting senior investment-banking positions as part of the lender’s ongoing plan to reduce costs across the company, according to a person with knowledge of the matter,…

Australia’s economic growth boomed past expectations in the first quarter with the annual pace speeding to its fastest in over three years, an upbeat result that all but assures the central bank…