World Economy

Negotiations on a US-EU free trade deal “will fail” if the US refuses to make concessions, German Economy Minister Sigmar Gabriel warned Sunday ahead of a visit by US President Barack Obama.

The pressures on the UK economy from EU referendum jitters and a downturn in global trade will be revealed this week with the publication of official UK growth figures due on Wednesday…

China’s total debt rose to a record 237% of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in…

The International Monetary Fund says Mozambique has admitted to having over one billion dollars of undisclosed debt and the two sides were now evaluating the implications of this disclosure,…

As US corporate quarterly earnings figures have proven to be a disappointment for a third consecutive quarter, and macroeconomic data indicate the broader economy is…

Having capitalized on the global commodity boom, and its proximity to a ravenous China, Mongolia has until recently seen rapid economic growth. As Chinese growth forecasts in the coming years sink…

Kuwait Food Co (Americana) has edged closer to completing the sale of a controlling stake to a Dubai-based investment firm, the chairman of the consumer foods firm told reporters on Sunday,…

A senior adviser to Saudi Arabia’s deputy crown prince, Mohammed bin Salman, has revealed the level of inefficient government spending in the kingdom prior to the collapse of the oil price.

Disappointing earnings reports erased $68 billion from shares of Netflix Inc., Microsoft Corp. and Alphabet Inc. and sent the Nasdaq 100 Index to its biggest weekly drop since February.

The European Union unveiled a raft of measures to tackle tax evasion as finance chiefs attempted to wrestle the issue back from populist groups using the Panama leaks to argue governments turn a…

In Havana, hotels are near capacity, providing an opportunity for locals to rent rooms through Airbnb for $250 per booking, on average, abcnews reported. The crowd-sourced housing site, based in…

America’s job market keeps picking up momentum. The number of people who filed for unemployment claims last week hit a 42-year low. There were 247,000 claims—the lowest level since November 1973,…

The South Korean economy is under siege. Look around and you will see gloom and doom, from the delayed recovery of the global economy, the slowdown of the Chinese economy and low oil prices to…

The European Central Bank left key interest rates at zero or below on Thursday. But ECB President Mario Draghi said afterwards that the eurozone's top monetary authority can deploy more stimulus…

The currency swap deal between Nigeria and China will reduce the pressure on the naira, which is caused by the huge demand for dollars, finance analysts have said.

Analysts also say that…

The moribund French economy is holding back the recovery in the eurozone, according to the latest figures.

Markit’s index of activity in the nation–where 50 is the cut off between growth…

Argentina paid $9.4 billion to 220 “holdout” bondholders on Friday, a settlement expected to allow Argentina to leave the list of global deadbeats and regain access to the cheap credit, Yahoo…

Mexico’s annual inflation rate rose less than expected in the first half of April, remaining below the central bank’s target and giving policymakers room to keep interest rates unchanged, Reuters…

UK investors have expressed their interest in working with business owners and the provincial administration in East Java, East Java branch of Investment Coordinating Board head Lili Soleh…

Nigeria’s revenue fell last month to the lowest level in more than five years as taxes and oil earnings dropped, making it more difficult for the government of Africa’s largest economy to pay…

Natasha hides her face from a journalist’s camera and won’t reveal her last name.

Zimbabwe’s Finance Minister Patrick Chinamasa claimed depositors were fuelling the country’s biting cash crisis by keeping money outside the formal banking system.

But depositors have said…

The Malaysian economy is expected to expand at a slower rate in the months ahead, according to the department of statistics, Yahoo reported. In its report, its Leading Index posted a decline of 1.…

The United States was once the world’s leading wheat exporter, but now is losing its position to Russia and Canada due a stronger dollar, stagnant yields, rising competition and climate change.…

Troubled Malaysian government investment fund 1Malaysia Development Bhd. must make a $50 million debt payment on Monday as it faces the possibility of a default that could trigger defaults on…