The Russian economy is expecting to get a significant financial boost from an increased tourist flow during the FIFA World Cup, the Russian Ministry of Economic Development said.
World Economy
There are increasing warnings of an imminent new financial crisis, not only from the billionaire investor George Soros, but also from eminent economists associated with the Bank of International…
Japanese Prime Minister Shinzo Abe announced plans to establish a $50 billion fund to boost infrastructure investment in Asia.
One of the standout features of China’s commodity imports this year has been the surge in copper, which has taken place without a seemingly strong market narrative as justification, Reuters…
India’s industrial output rose by 4.9% in April 2018 from a rise of 4.57% in March, official data showed on Tuesday, PTI reported. According to the data furnished by the Central Statistics…
The fate of the AT&T-Time Warner merger, a massive media deal opposed by the government that could shape how much consumers pay for streaming TV and movies, rests in the hands of a federal…
Turkey needs “deep-rooted, sectoral transformation” in the economy for sustainable growth, Deputy Prime Minister Mehmet Simsek said Tuesday.
Foreign direct investment dropped 33% in 2018 Q1 to $279 million, National Statistics Office of Georgia reported Monday. The shrinkage is due, in part, to transfer of ownership from non-resident…
The buoyant stock markets may give a different impression, but capital flows as a percentage of global gross domestic product are slowing down. Indeed, total capital flows were 6.9% of GDP in…
Escalating trade tensions are posing an increasing threat to the global economy, the head of the International Monetary Fund has warned again.
“The clouds on the horizon … are getting…
Manufacturing activity is springing back to life in Southeast Asia with one exception: Malaysia.
The global economy is projected to carry forward its current momentum to generate a 3.2% growth rate in 2018, Conference Board, the New York-based economic research association, said in its…
Extreme protectionism could undermine free trade and runs contrary to the advance of globalization, a veteran US trade executive said in a press release late Monday.
Global stocks edged higher Monday ahead of what promises to be an extraordinary week for risk events around the world, with a trio of major central bank rate decisions, a key court case that…
Japan’s longest run of economic expansion since the 1980s has ended, even as economists expect a rebound in the current quarter, with the outlook for the rest of the year tempered by global…
South Sudan’s central bank said on Monday it will issue higher denomination banknotes, enabling citizens to carry fewer notes as rampant inflation continues to devalue the local currency,…
An Ernst & Young survey shows Paris has overtaken London as Europe’s most attractive destination for foreign investors for the first time since EY began such reports 15 years ago, Reuters…
With the two recent inter-Korean summits and the highly anticipated US-North Korea summit meeting scheduled for Tuesday in Singapore, the North Korea question is starting to change, South Korean…
The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year’s slump in Bitcoin to more than 50%.
Seven years after being on the verge of a financial collapse, Greece is now seeing better times. Its economic accounts have clearly improved but what is not under the spotlight is how the Greek…
Italian industrial production declined far more than expected in April, adding to signs of a slowdown in economic growth just as the new government tries to reassure investors on the country’s…
France and Germany are "determined" to reach a compromise on President Emmanuel Macron's proposals for a shake-up of the eurozone, a French government source told AFP after marathon talks…
Turkish economy expanded by 7.4% in the first quarter of this year compared with the same period last year, the Turkish Statistical Institute, TurkStat, revealed on Monday.
The three-…
A nation that stood shoulder to shoulder with Germany during the European debt crisis in defense of austerity is growing increasingly worried about its own debt burden.
The G7 summit ended in farce and a renewed threat of global trade war on Saturday as US President Donald Trump abruptly rejected the text of a consensus statement and bitterly insulted the…
