World Economy

High employment and a robust labor market in Germany will result in higher annual tax incomes until 2020, NewEurope reported. Tax revenues will likely be €42.4 billion ($48.4 billion) higher than…

The Reserve Bank of Zimbabwe has announced that it will be printing local bond notes with the same value as the US dollar. Most residents are wary of the move saying it could worsen the cash…

Fitch Ratings downgraded Brazil’s sovereign debt further into junk territory on Thursday, citing a deeper-than-expected economic contraction and changing fiscal targets that have undermined…

Japanese government bond prices were steady to firmer on Friday after US Treasuries gained over the last three days when Japan’s markets were closed for the “Golden Week” holidays, Reuters…

London copper slipped on Friday and was heading for its largest weekly loss since the start of 2015, as steel and iron ore prices plunged, speeding a pull back in commodities on concerns over…

Only 23 Chinese companies went public worldwide in April, a 34% decline from a year earlier, raising just $982 million, according to data compiled by ChinaVenture Investment Consulting Ltd.,…

Shares in Chinese e-commerce giant Alibaba soared after the online retailer said it had logged a 39% spike in fourth-quarter revenue, DW reported. The breakneck growth defied China’s slowing…

The European Central Bank will stop issuing €500 ($575) banknotes towards the end of 2018 on concerns it could facilitate illicit activities but outstanding bills will remain in use…

The worst of the economic slump in Russia may be over, the International Monetary Fund said on Friday, but warned possible eurozone stagnation and shifting politics made central Europe’s prospects…

Stock markets slid sharply on Friday and the dollar fell after US non-farm payrolls numbers came in well short of forecast, adding to concerns over the pace of economic growth that have weakened…

The outstanding amount of US states’ debt backed by tax revenue was little changed in 2015 compared to the prior year, despite historically low interest rates and increased tax collections, a…

The New York Times Company on Tuesday reported a slump in advertising revenues for both print and digital, dragging the newspaper group into the red for the first quarter.

The prestigious…

Brazil’s industrial production rebounded in March, rising at its fastest pace in more than two years and fueling hopes that the country’s prolonged recession was nearing an end.

Deutsche Lufthansa AG said passenger fares are set to erode further this year as it grapples with unions over a restructuring of European operations aimed at stemming the flow of customers to…

London copper slipped below $5,000 a ton on Tuesday, easing after last week’s gains as markets reopened following a long weekend, while a debt-fuelled pick-up in China’s economy encouraged…

HSBC Holdings PLC says its latest quarterly profit fell 18% from a year earlier due to global market volatility, AP reported. The London-based bank said Tuesday it earned $5.4 billion in the three…

Germany’s second-largest bank has reportedly helped foreign investors exploit tax loopholes that cost the state billions of euros. Apparently though, the deals weren’t good enough to boost its…

British manufacturing output unexpectedly shrank to hit its lowest level in three years in April, a survey showed on Tuesday, suggesting the economy will slow further before next month’s in-out…

Spain’s economy grew faster than experts predicted in the first quarter of 2016. Gross domestic product grew 0.8%, 0.1% higher than the forecasts.

The Spanish economy has been a model of…

Nigerian Vice President Yemi Osinbajo said about $15 billion was lost by the previous administration to fraudulent security spending, almost three times more than was earlier estimated by the…

Concerns about China’s slowing economy and fears of further weakness in its yuan currency will likely keep global investors at bay despite Beijing’s efforts to push foreign funds into its market…

Uncertainty about the approaching presidential election is leading small business owners to take a wait-and-see approach to the economy and their companies, a survey published Tuesday shows.

Growth in Asia and the Pacific is expected to remain strong at 5.3% this year and next, accounting for almost two-thirds of global growth.

Despite a slight moderation, Asia remains the…

UBS Group AG said first-quarter profit fell 64%, missing analyst estimates, as all divisions reported a drop in earnings.

Net income fell to 707 million Swiss francs ($741 million) from 1.…

After three years of being scorned, gold’s making a powerful comeback. Prices have pushed above $1,300 an ounce on speculation that the US central bank will be slow to tighten policy further,…