World Economy

Europe’s economy is finally showing signs of increasing strength, after years of sluggishness and false starts.

And that means the European Central Bank likely won’t have to step up its…

China seized a tanker and detained several people last month, including one employee of Swiss trading house Gunvor, as part of a probe into suspected tax evasion on imported oil, Chinese and…

Brazil’s government vowed on Tuesday to free up as much as 21 billion reais ($5.8 billion) in additional credit for farmers and cattle ranchers, in an effort to help pull Latin America’s largest…

Factory activity in Asia failed to speed up in May as the region’s export-driven businesses struggled for new orders in a slow global economy, surveys released on Wednesday showed.

Venezuela’s president is facing increasing pressure as the crumbling economy affects hospital care and other basic services.

Russian manufacturing contracted less than economists estimated last month, supplying further evidence to policy makers lauding a stabilization of the recession-ravaged economy.

The…

Puerto Rico’s budget director says the US territory cannot pay off its debt and provide essential services at the same time, AP reported. Luis Cruz Batista spoke during a public hearing in which…

Official figures show that consumer prices across the 19-country eurozone fell in May for the third month in the last four, AP reported. Eurostat, the European Union’s statistics agency, says…

Official figures show unemployment in Germany dropped to 6% in May, underlining the strength of the labor market in Europe’s largest economy, AP reported. The Federal Labor Agency said Tuesday…

China’s President Xi Jinping has vowed to increase government support for technology companies, state media reported, in an attempt to raise the country’s competitiveness that could also further…

The two-day World Economic Forum for the Association of Southeast Asian Nations kicks off in Kuala Lumpur on Wednesday, with heads of state from ASEAN member countries, including Malaysia,…

The US has surrendered its status as the world’s most competitive economy after being taken over by Hong Kong and Switzerland, according to the IMD World Competitiveness Center.

The sheer…

South Korea’s overall production and consumption fell last month on the back of slow manufacturing and retail sales, despite a slight pickup in the services industry led by the finance and…

Poland’s equity market is back under scrutiny as the country’s new leaders set their eyes on overhauling an industry that controls one-fifth of local stocks traded in Warsaw.

Japan’s economy remains weak but did better than expected in April, the latest data showed Tuesday, as Prime Minister Shinzo Abe looked set to delay a 2017 tax hike to minimize shocks to the…

Italian deflation dropped this month, with an annual inflation rate of -0.3%, compared to -0.5% in April, thanks to a 0.3% rise in the month-on-month consumer price index, according to provisional…

Tata Motors Ltd. rose to its highest intraday level in almost a year after Jaguar Land Rover sales gains in Europe and China helped triple its profit, beating analyst estimates.

The economic slowdown gripping countries across the (Persian) Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE) can be seen in layoffs, slowed construction projects…

Australia’s strong contribution from exports in the first three months of the year looks like saving the Turnbull government from the embarrassment of a weak set of economic growth figures during…

Experts in Jordan named unemployment as the biggest challenge the new government of Hani Mulki has to address.

Brazil economists raised their forecast for the benchmark interest rate at the year-end following inflation surprises that reinforced the challenge facing Brazil’s prospective central bank chief…

There can be few problems that are so important and yet command so little consensus about their source and solution as the general slide in productivity growth across the world’s economies.

European truck makers including Daimler AG, Volvo AB and Renault SA are said to face the biggest cartel fine in EU history, Bloomberg reported. The penalty could be imposed within weeks over…

China’s yuan fell to a four-month low on Monday after the central bank set the fixing at the weakest level in five years, as the US dollar strengthened after a speech by Federal Reserve Chairwoman…

Sweden’s economy grew almost in line with estimates in the first quarter as consumer spending gained amid record stimulus from the central bank.