World Economy

Despite the theme of the Fourth Industrial Revolution, messages of deeper integration and strengthened cooperation made their way into ASEAN leaders’ keynote speeches as they gathered in Ha Noi…

About two dozen countries accounting for almost half of global exports impose “little or no enforcement” of foreign bribery laws, Transparency International reports. The world’s top exporter…

The European Union should scrap national vetos on tax, EU chief executive Jean-Claude Juncker said on Wednesday.

In his last state of the union address to the European Parliament in…

India now holds the second largest regional share of Asia and Pacific region’s GDP based on purchasing power parity, with the country’s share going up from 14.6% in 2000 to 17.3% in…

Amid an ever-worsening job market and lower-than-expected growth, South Korea’s youth unemployment rate reached its highest level since the country’s financial crisis situation in the late 1990s…

President Vladimir Putin appeared to take another thinly veiled swipe at Trump’s economic policies on Wednesday, a day after Russia and China vowed to stand together to fight protectionism.

Romania’s industrial production increased by 4.6% in the first seven months of this year when compared to the same period of 2017, according to data from the national statistics institute,…

Russia’s economy ministry expects annual inflation to accelerate to 3.2-3.3% in September from 3.1% in August, it said on Tuesday.

The weak ruble, which has fallen to levels last seen in…

China will ask the World Trade Organization next week for permission to impose sanctions on the United States, for Washington's non-compliance with a ruling in a dispute over US dumping duties,…

Investors took Volkswagen to court to seek €9.2 billion ($10.6 billion) in compensation for the hit to the carmaker's share price from its diesel emissions scandal, although the judge said some…

Japanese semiconductor maker Renesas Electronics on Tuesday announced the purchase of Integrated Device Technology of the US in a deal worth more than 733 billion yen ($6.7 billion), Nikkei…

Sudanese President Omar al-Bashir reiterated his government’s commitment to reducing public expenditure and the government size to ease the economic burden. In a speech to the nation aired by…

Unemployment in Scotland decreased in the latest quarter, new figures show. The number of people not in work was 113,000 between May and July, down 6,000 on the previous quarter, ITV reported.…

Top trade officials from the US and EU met to begin efforts to turn a much heralded deal to avert a trade war into a concrete long-term agreement.

After the meeting in Brussels, EU trade…

Much will be said about the tenth anniversary of the 2008 financial crisis, so the focus will be on the global economy, which has not been nearly as weak as many seem to think.

Greece’s lead creditor warned the country not to stray from reforms agreed upon before the end of its international bailout, as European monitors arrived to check the nation’s finances.

More than 60% of Japanese companies expect their earnings to suffer from the global trade war originated by the US, while many already are confronting new tariffs or related sanctions, a poll…

Since the ascension to the throne of King Salman bin Abdul-Aziz al Saud in 2015 and the rise of his son Mohammed bin Salman (aka MBS), first as defense minister and then as crown prince, the…

Kuwait is more typically known as a source of investment rather than a destination, due to the size of its sovereign wealth fund. But the government is hoping to reverse this and sees the…

Investors are more upbeat about Germany’s economic outlook as fears about a full-blown trade war with the United States are fading, the ZEW research institute said on Tuesday after its survey…

Hungary’s cash flow-based government, excluding local councils, ran a HUF 1,646.2 billion ($5.87 billion) deficit at the end of August, the ministry of finance said in a preliminary release. The…

In 2013, Slovenia rescued its failing banks by wiping out stock investors and holders of about €600 million ($700 million) of debt. Now some of those investors want their money back, Bloomberg…

South Africa’s tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on…

Since China Merchants Port set up shop in Paranagua, things have picked up in this small southern Brazilian city of 151,000 residents, Xinhua reported. In February, the company acquired a 30-…

Strong growth in telephone and textile exports helped Vietnam post a $2.2 billion trade surplus in August, according to customs data released on Monday that completely confounded the government’…