World Economy

Consumer confidence declined in August to a three-month low as recent stock-market turbulence weighed on Americans’ outlook for the US economy in the coming year, Bloomberg reported. The…

The European Monetary Union was designed to last forever. It logically follows that there is no script for what to do if one of its members leaves. Given such strong European economic ties, a…

Violent swings in oil prices are destabilizing economies and financial markets worldwide. When the oil price halved last year, from $110 to $55 a barrel, the cause was obvious: Saudi Arabia’s…

Credit rating firm Moody’s cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession.

The introduction of a value added tax is unlikely to deter expatriate residents and foreign investors from coming to live and work in the UAE, businesspeople in the country have said, NewsNow…

Like any Southeast Asian economy whose trade with China is a major foundation of growth, Malaysia was bound to suffer as the Chinese economy staggered and Chinese stock markets plunged. Malaysia…

US Defense Secretary Ash Carter awarded $75 million on Friday to help a consortium of high-tech firms and researchers develop electronic systems packed with sensors flexible enough to be worn by…

Microsoft Corp avoided a potentially costly setback to its financially troubled mobile phone business on Friday as the US International Trade Commission declined to block the import of its devices…

Russia’s GDP dropped 4.6% in July 2015 but was up 0.1% net of the season factor, ministry of economic development said.

“According to the assessment of the Russian Ministry of Economic…

With the call for ‘Make in India’ campaign by Prime Minister Narendra Modi, many industrial countries are now exploring the possibility of making India a manufacturing hub.

Just over two years after Japan’s PM Shinzo Abe launched an economic policy blitz, the latest inflation and consumer demand figures suggest his spendthrift measures have led to nothing but higher…

Though the government seeks to globally integrate Vietnam–five free trade agreements signed since 2007–its tardiness in reforming policies is preventing businesses from benefiting from the FTAs,…

Greece’s new caretaker government was sworn in on Friday as the country prepares early elections next month, the third time Greeks will go to the polls this year.

China’s central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm…

France’s divisive economy minister has once again made waves among Socialists by criticizing the country’s sacrosanct 35-hour week just as the ruling party gathers for its annual conference, AFP…

South Korea’s deputy prime minister and minister of strategy and finance, Choi Kyung Hwan, has announced that regulations will be eased in South Korea’s eight free economic zones to enhance their…

Greece’s economy grew by 0.9% in the second quarter, official date showed Friday, improving on the 0.8% figure reported in a flash estimate earlier in August, AFP reported.

Confidence in the eurozone’s economy edged up to a new four-year high in August as rising domestic demand marginally outweighed a worsening view of export prospects and the mood brightened…

Brazil’s economy shrank 1.9% in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country’s investment-grade…

Traditionally, a distinguishing characteristic of an emerging market was the behavior of its currency. In rich countries, exchange rates and interest rates usually move in the same direction,…

China’s biggest oil companies say they’ll cut costs, but not employees.

As the collapse in crude prices curbs profits and prompts a wave of layoffs in the energy industry from Schlumberger…

Russians’ concern about rising prices has eroded President Vladimir Putin’s approval ratings but these remain extremely high, the daily Vedomosti reported on Friday, Reuters said. It cited a poll…

UK economic growth during the second quarter of the year was unchanged at 0.7%, official figures have confirmed.

That figure was up from 0.4% in the first quarter and means GDP increased by…

Global stock markets surged on renewed confidence in the US recovery after days of wild swings, but some observers warned of more turbulence to come over the slowing Chinese economy.

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle “apparent” violations of rules banning transactions benefiting officially designated terrorists, the treasury department…