World Economy

The Organization for Economic Cooperation and Development has predicted South Korea’s economy will grow 3% this year, holding on to its earlier outlook, Yonhap reported. In a biennial report…

Australia’s dominant telecommunications company Telstra Wednesday announced plans to axe 8,000 jobs—a quarter of its workforce—as part of a drastic new strategy to cope with an increasingly…

World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact…

Scotland’s economy could recover this year, but businesses are still hampered by uncertainty, experts have said. The Fraser of Allander Institute is forecasting a 1.2% increase in Scottish GDP…

Egypt is set to be given the fourth $2 billion tranche of the $12 billion International Monetary Fund loan, Finance Minister Mohamed Maait  announced Wednesday. The money will be paid in…

Russia said on Tuesday it would impose import duties on US road-building machinery, a measure likely to help Russian oligarch Oleg Deripaska, who was hit by US sanctions and controls Russia’s…

Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing concerns about the safety of digital-asset trading venues.

In a surprise move, Ethiopia’s government announced it would give up ownership of some state-owned companies, respect a decades-old peace deal with Eritrea and free prisoners.

Sweeping…

Italy grew rapidly over the 20th century, and its black market was part of an important economic recovery after World War II. Italians made everything, from low-cost toys to high-quality cars,…

London metals edged higher and Shanghai contracts cut early losses as the US dollar eased on Tuesday after the United States threatened wider tariffs on Chinese goods, escalating trade tensions…

Foreign governments pulled back their purchases of longer-term US debt as trade tensions escalated around the world.

The declines are relatively small so far for notes and bonds—just shy…

Mario Draghi promised that the European Central Bank will take its time to lift interest rates, reinforcing last week’s agreement by policy makers to keep borrowing costs unchanged at least…

Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank could raise interest rates in the future if the country hits its inflation and economic growth targets, Yonhap reported. “The…

A 200 basis-point increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default, with Brazilian and Indian firms most…

An internal Lloyds Banking Group report written by a former manager at the bank and published on Tuesday alleges serious misconduct by the lender over the handling and disclosure of a fraud at…

Italy will try to reduce debt to preserve investors’ confidence in the highly indebted country, as the outlook for economic growth starts to slip, Economy Minister Giovanni Tria said on Tuesday…

China vowed to retaliate after President Donald Trump threatened tariffs on another $200 billion in Chinese imports, deepening a trade dispute between the world’s two biggest economies.

Rich Asians got richer faster than anyone else in the world last year.

The OECD on Tuesday forecast that the Irish economy will grow by 4% this year, and by 2.9% next. This is lower than the forecasts of 4.7% for 2018, and 3.9% for 2019, published on Monday by the…

Germany’s Ifo institute on Tuesday cut its forecasts for growth in Europe’s biggest economy this year and next, citing a weak start to the year and increased global risks.

Ifo said it…

Malaysia’s annual inflation is expected to have accelerated to 1.8% in May, gaining from the previous month, according to a Reuters poll of nine economists on Tuesday, Reuters reported.…

The trade dispute between the world’s two largest economies showed signs of deepening and accelerating on Tuesday, triggering a global sell-off of riskier assets and flight toward havens. Stocks…

Switzerland’s economy is forecast to expand as previously estimated this year as strong global economy and favorable exchange rate developments boost demand for domestic products.

Copper eased for a third session on Monday on fears trade tensions between the world’s two largest economies could escalate and demand from China could cool after last week’s lackluster data,…

Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements said on…