Greek workers went on strike on Wednesday to protest against years of belt-tightening and a new wave austerity measures that will kick in after the country’s third international bailout expires…
World Economy
The euro fell on Tuesday to a10-month low after a selloff in Italy's debt market drove investors to dump the single currency.
A deepening political crisis in Italy, the eurozone's third…
The United States’ Federal Reserve should best approach raising interest rates carefully, or else, suggests outspoken Minneapolis Fed chief Neel Kashkari.
Here’s what Kashkari told…
Asian stock markets ended mostly lower on Tuesday as investors monitored oil prices and kept an eye on political developments in Italy. The prospects of fresh elections in the country offset…
Rising steel prices in China helped to boost steelmaking ingredients zinc and nickel on Tuesday despite a stronger dollar making metals more expensive for buyers with other currencies, Reuters…
An Indian trader body has raised objections to Walmart’s $16 billion acquisition of e-commerce firm Flipkart, though lawyers and sources said the complaint to the country’s antitrust regulator…
Non-oil economic activity in the United Arab Emirates grew by 3.1% from a year earlier in the first quarter, slowing slightly from 3.4% in the final quarter of 2017, the central bank estimated…
The global growth story is no longer new, but the broad-based economic recovery underway a decade after the 2008 financial crisis still needs some propping up from fiscal policy, according to…
Bank of Canada Governor Stephen Poloz heads into a rate decision Wednesday where he’s expected to once again refrain from lifting borrowing costs, even as the economy shows signs of strength and…
Turkey faces major financial struggles, making the economy a key factor in the early parliamentary and presidential elections coming next month. There are several issues that many Turks are…
The eurozone economy grew at its fastest lick in a decade last year and unemployment dropped to the lowest since the global financial crisis. Summer has arrived early and the feel-good factor is…
Venezuela warned businesses not to slow operations during next week’s monetary overhaul to remove three zeros from the hyperinflationary economy’s prices, a measure critics say could create…
In a close-run vote, Swiss politicians late Monday voted against a motion that would have seen them declaring whether they earn an income from their non-political positions.
Faced with the European Union’s lowest unemployment rate, Czech companies are tackling a dearth of able bodies in the country of 10.6 million with bonuses and higher salaries. According to Josef…
When Cuba adopted its current constitution, the sugar-based economy was being bolstered by aid from the Soviet Union and citizens were forbidden to run private businesses or sell homes.
During the eight-year depression that cost Greece a quarter of its economy, workers paid the highest price, absorbing much of the impact of economic reforms that raised Greek competitiveness.
The Dutch economy risks losing its status as a top destination for American companies venturing into Europe, warns a new report by AmCham Netherlands and Bain & Company. To remain at the…
After 2020, 90% of the jobs will require digital skills, the EU Commissioner for the Digital Economy, Mariya Gabriel, said Monday, speaking at a citizens’ dialogue on the digital future of…
Gold slipped on Wednesday, tracking losses in other markets as concerns remained about China’s economic slowdown even after it eased monetary policy, Reuters reported. Global stocks have lost more…
European stocks gave up early gains and bond yields recovered from lows as early elections loomed in Italy after the anti-establishment 5-Star and League parties abandoned plans to form a…
The lira surged the most in almost three years after the central bank sought to bring clarity to an interest rate regime that had been muddied by a preponderance of benchmarks. Stocks and bonds…
S&P Global Ratings affirmed South Africa’s sub-investment grade credit rating and kept its stable outlook. It however warned that the country’s improved economic growth remained tentative…
Hong Kong is waging an intensifying battle against currency traders. Since April, the territory spent at least $9 billion defending its peg to the US dollar, and there is plenty more where that…
Despite the ongoing siege against Qatar, the country’s trade surplus witnessed a sharp jump in April 2018 year-on-year, mainly as a result of increase in exports with the significant rebound in…
New Zealand’s economic expansion has entered a more ‘mature’ phase. While gross domestic product growth isn’t weak, it has slowed from the rates of 3.5% to 4% p.a. that was seen in recent years…
