The world’s developed economies are set for a slowdown, although prospects for Asian giants China and India have brightened, according to leading indicators released Monday by the Organization…
World Economy
Europe’s biggest debt collector says an increase in volumes in Sweden and Norway could be an early indication that households are starting to struggle paying off their consumer loans after debt…
Economic diversification efforts have been spreading through the region like wildfire, as the six Persian Gulf Arab states are constantly reminded that they cannot forever rely on oil revenues…
North Korea government called for self-reliance and independent efforts for economic construction at a national meeting held in Pyongyang on Sunday as part of its celebratory events for the…
Turkish economy grew by 5.2% in the second quarter of this year compared with the same period last year, the country’s statistical authority announced Monday.
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Business optimism has hit its lowest level since May 2017, when Theresa May announced a snap general election, according to new research.
Britain’s economy is set for modest growth…
Japan’s economy in the second quarter grew at the fastest pace since 2016, with the rate revised well above the preliminary figure thanks to increased corporate investment in industries like…
The Bank of Korea is expected to lower its growth outlook again in the coming months due to an economic slowdown on weak employment and consumption, analysts said Monday.
They expect…
Argentine families are trying to cope with 30% inflation. Companies in Turkey face bankruptcy if they can’t pay off soaring debt costs. And investors who bet on emerging markets will be deep in…
Chancellor Angela Merkel said Germany would reduce government debt and invest in employment and infrastructure to extend the economy’s upswing and prepare for any downturn, Reuters reported.
Italy’s finance minister said he expected a small improvement in the country’s structural balance and faster economic growth, offering partial reassurance to markets and European Union partners…
The Reserve Bank of India has imposed a monetary penalty of Rs 1 crore ($138,690) each on the Union Bank of India, Bank of India and Bank of Maharashtra for failing to detect and report fraud in…
Prime Minister Alexis Tsipras painted an optimistic vision Saturday night of a Greece that has emerged from eight years of financial austerity imposed by creditors and is on the road to economic…
Asean has been urged to find ways for its member states to join hands to cushion any possible fallout from the trade war between the United States and China.
Making the call, Malaysia’s…
Anyone who expects China to concede defeat in its trade war with the US should read about Biobase Group. The Chinese manufacturer of laboratory equipment once struggled to win orders even at…
There are lies, damn lies, and then there are statistics. This famous saying popularized by American humorist Mark Twain aptly describes the current use of economic statistics to paint an overly…
Venezuela eased 15-year-old currency controls, decreeing that private banks and exchange houses are allowed to sell dollars, but economists are skeptical the measure will improve the…
European Union finance ministers say they would try to seek consensus on a digital tax proposal, but with a clear understanding that the measure is temporary and would be superseded by an…
Malaysia can offer an abundance of room for the sharing economy to grow in view of the presence of companies such as Grab, Airbnb and Foodpanda, and this sector will become an increasingly…
Egypt’s foreign debt rose to $92.64 billion at the close of the financial year in June, up from $88.2 billion at end-March, Prime Minister Mostafa Madbouly told the Egyptian daily al-Watan,…
How Turkey’s central bank plans to regain market confidence in the face of plummeting Turkish lira and increasing inflation remains a mystery, unless there is a U-turn in economic policies,…
As political activities continue to build up ahead of the 2019 elections, business operators in the country are optimistic about the Nigerian economy, expecting the naira to firm up in coming…
The hiring outlook in Taiwan for the fourth quarter of this year weakened amid rising uncertainty over the economy at a time of escalating trade friction between the United States and China,…
The economy added 201,000 jobs in August and the unemployment rate stayed at an extraordinarily low 3.9%. But black Americans have a rate that was 62% above the national rate, or 6.2%, 247WallSt…
Bahrain is on the global stage again, earning a top spot as a destination for expats out of many countries. But the country is facing the biggest fight for economic survival in its history.…
