An official Chinese gauge of manufacturing activity hit an eight-month high in May, well exceeding analyst estimates amid fears that an economic slowdown may be in the cards.
World Economy
Asian stocks closed on a muted note Friday as trade war concerns resurfaced and investors looked ahead to the release of US jobs data for May, due later in the day for direction.
Throughout 2016 and 2017, emerging markets staged an impressive rally. The MSCI Emerging Markets Index surged more than 60%. But since hitting a peak in late January, the index has slid roughly…
The Southeast Asian startup scene is strong and getting stronger. Across the region, companies are emerging in fintech, edtech, insurtech, blockchain and many other areas. In 2017, Southeast…
South Korea’s gross domestic product rebounded in the first quarter on brisk export and facility investment, central bank data showed Friday, Xinhua reported. Seasonally-adjusted real GDP…
Canada will invite the leaders of a dozen additional countries to the Group of Seven summit in Charlevoix, Que., this month, as well as four international organizations, CBC News reported.…
Competition to lead the Fourth Industrial Revolution is fierce. Governments and firms across the globe are engaging in legitimate—and illegitimate—acts to get a foothold in a particular…
Poloniex LLC suspended trading and withdrawals until clients upload new documentation required to verify accounts, spurring concern among some users that they won’t be able to recover their…
The 2018 World Cup will have little lasting impact on the Russian economy, US ratings agency Moody’s has said in a report. Its assessment is in stark contrast to a recent survey by the Russian…
President Trump is imposing steep tariffs on steel and aluminum from three of America's biggest trading partners—Canada, Mexico and the European Union.
The trade penalties, 25% on…
Gender inequality in the workplace could cost $160 trillion in lost earnings globally, a World Bank study showed, as pressure to address the pay gap grows.
That represents the difference…
The Nigerian economy recorded capital inflows valued at over $6 billion in the first quarter of 2018, minister of budget and national planning, Udoma Udoma, said.
The Brazilian economy expanded for a fifth straight quarter, as expected, easing fears of a slowdown before a nationwide trucker protest roiled Latin America’s largest economy this month. This…
Fewer people have been out of work in Germany in May than at any time since the country’s reunification in 1990, official figures have shown. Potential risks did not stop the hiring spree of…
The dynamic expansion characterizing the previous year continued in the first quarter of 2018—the volume of investments of Hungary in the first quarter exceeded the volume of the same period of…
The first instance court in Brussels unfroze around $21.5 billion assets of the Kazakhstan National Welfare Fund and ruled the remaining $530 million can be unfrozen at UK courts, the Justice…
Top finance officials from the Group of Seven major countries plan to discuss downside risks to the global economy when they meet in Whistler, Canada, later this week, informed sources said…
The Organization for Economic Cooperation and Development has warned that some signs of “over-heating” have started to emerge, while Brexit is the biggest risk facing the economy.
In its…
An International Monetary Fund team, led by James Daniel, assistant director of the Asia and Pacific Department, visited Beijing and Shenzhen from May 17 to 30, to conduct discussions on the…
The prospect of a trade war is threatening the global growth outlook, which otherwise is on course for a 40-year low in unemployment, the OECD said on Wednesday.
Global growth is set to…
Although the Philippine economy continues to grow, around 22 million Filipinos or one-fifth of the country’s population still live below the national poverty line.
Prices and wages have been slow to accelerate throughout the US economic expansion, surprising economists. Now, a new conundrum threatens to emerge: Faster inflation accompanied by more of the…
The unemployment rate in the Israeli occupied Palestinian territory has risen to the world’s highest level, at 27.4% in 2017, says an annual report of the International Labor Organization,…
The strengthening of the dollar amid the US Federal Reserve interest rate hikes has sharpened pressure on some emerging economies as investors steer funds to the United States.
Artificial Intelligence is driving a paradigm shift in how nations prepare for the digital economy and could almost double the value of the global digital economy to $23 trillion by 2025, from $…
