The International Monetary Fund finds that the outlook for the Estonian economy is positive and growth will continue at close to 3.5% in the medium term, but noted that the biggest threat to…
World Economy
With Italy in political turmoil, oil prices on the rise and North Korea tensions back on the burner, the last thing the global economy needs is a big lurch towards a trade war further clouding…
A unit of the South African Police Service said it has started an investigation into an alleged cryptocurrency investment fraud that has affected more than 28,000 people and led to losses of…
India is in a “good position” to deal with any fallout from global trade tensions and with right policies can reach an 8%-plus growth rate and hold it, according to a UN economist monitoring the…
Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a…
The Brazilian economy likely expanded for a fifth straight quarter in the first three months of 2018, a Reuters poll of economists showed, suggesting fears of a slowdown may have been overblown…
Market sentiment was a little shaky on Friday with Asian shares on the defensive after US President Donald Trump scrapped a key summit with North Korea, though investors’ fears were calmed by…
The directorate general of budget, accounting and statistics said Friday that it has raised its forecast for Taiwan’s gross domestic product growth for 2018 to 2.6% after the country made a…
Turkish President Recep Tayyip Erdogan is facing a potentially severe crisis just a month ahead of elections over the sharp depreciation of the lira which risks buffeting his campaign and even…
Deutsche Bank said on Thursday it will reduce global staff levels to well below 90,000 from the current 97,000, as part of a broad restructuring to reduce costs and restore profitability,…
Oman Arab Bank has initiated merger talks with fellow Muscat-based Alizz Islamic Bank, as consolidation among (Persian) Gulf Cooperation Council countries lenders continues amid sluggish…
Almost one out of two large global companies experienced some form of fraud, theft, money laundering or other financial crime in the past year, according to a new report Thursday.
China is cutting off funds to financial companies and banks tied to regional governments in a crackdown on risky debt, rattling markets as institutions scramble for cash.
Marking its 30th edition this year, the IMD World Competitiveness Rankings emphasize a long-term trend highlighted in past editions—that the countries on the top of the list each have a unique…
The latest growth forecast for Singapore suggests increasing confidence in the domestic economy despite the risks that have gathered pace in recent weeks alongside global trade tensions, Nikkei…
French business activity slowed more than expected in May, shifting down to its slowest pace in nearly a year and a half as a string of public holidays weighed on the service sector, a monthly…
Russia’s central bank, which fought on the frontlines of the country’s battle to save its currency almost four years ago, believes it’s time for the government to assume the burden of fixing…
US President Donald Trump’s proposed budget would add $2.3 trillion more to deficits over the next decade than the White House estimated, the Congressional Budget Office said Thursday.
Bank of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilize the economy and suggested the central bank could whittle down its massive stimulus program…
Forget that image of sweatshops making all kinds of cheap stuff with plentiful labor. Now China’s workforce is shrinking and its population graying rapidly. Maybe many in the West haven’t…
High levels of household debt are the greatest risk to Sweden’s financial system despite a recent cooling off in the housing market, the central bank said in its semi-annual stability report,…
Italy’s incoming government should aim to cut its heavy public debt, the European Commission said on Wednesday, warning of a risk that financial instability in Rome could spill over into the…
Brazil’s central bank considered cutting interest rates last week but ultimately left them untouched because of potential inflationary pressure stemming from a weak currency, the minutes of its…
The International Monetary Fund urged the Saudi government not to boost spending in line with climbing oil prices.
Prime Minister Alexis Tsipras of Greece was back in Brussels on Wednesday, talking with representatives of his country’s creditors before an evening meeting in which eurozone finance…
