World Economy

Travelers in the UAE are reaping the benefits from a price war among the major Persian Gulf Arab airlines who are fighting for regional market share.

India’s economic growth will likely slow to 7.0% to 7.5% for the financial year beginning April amid significant global economic headwinds, according to a government report.

The annual…

The best way for South Korea to survive in the new world of stagnation is structural reform of the economy and shoring up competitiveness against Japan and China by focusing on high-end products…

The (Persian) Gulf Cooperation Council sovereign, financial and corporate borrowers must repay or refinance $94 billion in bonds and loans in 2016 and 2017, according to global lender HSBC,…

Azerbaijan was cut to junk by Fitch Ratings, which followed downgrades by the other two main credit companies, as the former Soviet Union’s third-biggest oil exporter is expected to see its…

The Dominican Republic’s economy is likely to expand by about 6% this year as construction and tourism continue to buoy one of the fastest-growing countries in the region, President Danilo Medina…

Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32%, helped by improved results in its insurance operations and higher gains from investments and derivatives.…

The European Parliament has announced it will support this year’s No Cash Day to be held in April, NewEurope reported. The No Cash Day initiative is an annual event that started in Italy in 2011…

Venezuela is in advanced talks for a $5 billion loan from international banks and investment funds, the head of the central bank said, potentially providing an influx of cash for the OPEC member…

Both the Mexican and Colombian pesos dropped, hurt by fresh US data that boosted the dollar and a slump in the oil price late in the session, Reuters reported. The two currencies, which have hit a…

Oman, the poorest Persian Gulf Arab country on the basis of economic output per person, was cut for the first time by Moody’s Investors Service, which cited the negative impact of lower oil prices…

New Zealand unexpectedly posted a trade surplus last month as exports rose more than forecast, with higher shipments of wood, dairy and fruit.

Statistics New Zealand said the country had a…

Businesses are facing unparalleled geopolitical risks today, but one can mitigate those risks to shape a positive future.

Investors worried about the risk of a new global recession are hoping that data over the coming week will show that some momentum remains in the world economy, eight years into its slow recovery…

The New Development Bank set up by the BRICS countries—Brazil, Russia, India, China and South Africa—on Saturday signed an agreement with China to place its headquarters in Shanghai, according…

The European Union aims to bring free trade negotiations with the United States towards a close by the summer, said Ignacio Garcia Bercero, chief EU Negotiator for the TTIP.  Closing the…

Bahrain’s banking regulator has strongly criticized ratings agency Standard & Poor’s downgrade of Bahrain. Central Bank of Bahrain Governor Rasheed al Maraj told the fifth annual (Persian…

Sellers of luxury London homes are cutting asking prices on the largest proportion of properties in at least three years as high values, commodity-price declines and new taxes damp…

Honeywell International Inc’s proposal to buy rival United Technologies Corp would create an industrial giant bigger than aircraft makers Boeing Co or Airbus Group, potentially changing the…

The Federal Reserve, facing the delicate task of explaining how it will forge ahead with rate hikes in a stormy world economy, should avoid slipping back into the trap of tying its actions to…

The eurozone’s inflation rate probably slipped back to zero this month, ending a brief run of price gains and adding urgency to the European Central Bank’s review of its stimulus.

Falling energy prices brought inflation in Germany back down to 0% in February, adding pressure on the European Central Bank for more stimulus to avert possible deflation in the wider eurozone.

Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, reported its eighth annual loss since taking a bailout at the height of the financial crisis, driven by costs for past…

Spanish consumer prices extended their fall in February on waning fuel and food costs, marking their biggest drop in several months as expectations rise for further monetary policy easing by the…

Indonesia’s Finance Minister Bambang Brodjonegoro said he is willing to widen this year’s fiscal deficit if necessary, in an interview with Reuters on the sidelines of the G20 conference in…