World Economy

Taiwan’s jobless rate for May fell to a new low in three years due to a continued economic recovery, which has helped the local job market improve further, according to the directorate general…

Italy’s Five Star Movement and the Lega party managed to form a coalition government June 1, after months of talks following parliamentary elections in early March. The government, led by Prime…

US President Donald Trump threatened a 20% tariff on cars imported from the European Union unless the bloc removes import duties and other barriers to US goods, escalating a global trade war the…

The European Council closed the excessive deficit procedure for France, confirming that it has reduced its deficit below the EU’s 3% of GDP reference value.

Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan’s financial regulator ordering six digital currency exchanges to make…

Lebanon’s credit B3 rating with a stable outlook reflects challenges stemming from its very large public debt burden, which is among the largest in the world, according to annual credit analysis…

From “Africa Reeling” to “Africa Rising”, there’s a new narrative for the African continent, now showing promising signs of sustainable growth under more stable governments.

The International Monetary Fund will downgrade growth projections for the eurozone in July due to Brexit talks, political volatility in Italy and the prospect of a trade war with the United…

Canada’s economy showed unexpected weakness in the second quarter, recording sluggish readings for both inflation and retail sales.

For the second consecutive time, the Central Bank of Brazil did not change the economy’s benchmark interest rate. The Monetary Policy Committee unanimously decided to hold the Selic rate at 6.5…

Shadow economy in Ukraine dropped by 4% in 2017, to 31% of GDP. The de-shadowing became possible due to maintaining macroeconomic stability and business activity, expansion of domestic demand,…

China’s trade surplus shrank markedly in the first five months of this year, data from the ministry of commerce showed, Xinhua reported. Exports reached $957.06 billion while imports stood at $…

Turkey attracted some $3.1 billion in net international direct investment from January to April, a 22% year-on-year decline, the economy ministry announced on June 21. The European Union was the…

The world’s most-powerful central bankers warned that escalating international trade tensions have started damaging confidence among companies, threatening the global economic expansion.

Saudi Arabia is so intent on changing its identity that today’s kingdom bears no resemblance to recent years’ past. From removing the ban on women driving, to introducing movies and…

Japan is famous as a land of robots, but most of those machines haven’t made their way off of factory floors.

It’s been a brutal two weeks for global equities, but for those invested in Asia it’s been even worse.

More than three-fourths of the $2.1 trillion lost in stock values worldwide came…

Some White House officials are trying to restart talks with China to avoid a trade war before US tariffs on Chinese products take effect July 6, three people familiar with the plans said,…

The European Union slapped revenge tariffs on iconic US products including Harley-Davidson motorcycles on Friday in its opening salvo in a trade war with President Donald Trump.

Greece’s eurozone creditors struck a landmark deal to ease repayment terms on some of the nation’s mountain of debt, clearing the way for the country to exit the lifeline that’s kept it afloat…

France’s private-sector economy expanded at a quicker-than-expected pace in June as stronger services growth outweighed a further slowdown in manufacturing. A composite purchasing managers’…

European companies complain they still face a tough business climate in China despite Beijing›s pledges of openness, with about half saying it has become tougher in the past year, according to a…

Members of Chancellor Angela Merkel’s conservative bloc opposed to larger financial contributions to the eurozone on Wednesday reacted with skepticism to her agreement with French President…

Show up, swipe in. The routine is familiar to office workers everywhere in the (Persian) Gulf Cooperation Council countries. In Kuwait, it proved too much to ask.

South African gross domestic product shrank 2.2% in the first quarter, led by a slowdown in agriculture and mining, after expanding 3.1% in the final three months of last year, Reuters reported…