World Economy

Low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi Arabia has been forced to begin borrowing from capital markets–$4 billion in July.

Precisely a week after it lowered India’s growth forecast for this year, Moody’s on Tuesday said the country’s economy reflected some growth potential and even hinted at a ratings…

Finland is emerging as the European Union’s weakest economy because of its failure to build a competitive labor market, according to Finance Minister Alexander Stubb.

The economy of the…

Japan’s finance minister on Tuesday warned over the yen’s rapid rise after the dollar plunged to a seven-month low against the unit on fears over China’s economy and global growth, AFP reported.…

South Africa’s economy contracted for the first time in more than a year during the second quarter of 2015, signaling continued strain that could inhibit the central bank from raising interest…

German economic growth picked up in the second quarter of 2015, and the public finances of Europe’s economic powerhouse were firmly in the black in the first half, new data has shown, RTE reported…

An ongoing slump in South Korea’s outbound shipments is likely to continue throughout the year due to unfavorable factors such as a slowdown in China and a widely expected rate hike in the US, the…

After what is being dubbed “Black Monday,” there appeared to be a rosier Tuesday in store for the markets–in Europe at least. Shares made gains after €450 billion was wiped off the value of…

Polish banks’ foreign owners plan to seek compensation for any losses incurred by their operations from a bill on Swiss franc-denominated mortgages, according to letters they sent to Poland’s…

The International Labor Organization conference recently discussed the small and medium-sized enterprises and decent and productive employment creation and reached a broad agreement that SMEs are…

Another $124 billion was wiped off the collective fortunes of the world’s 400 richest people as the global selloff pushed the Standard & Poor’s 500 Index into its first correction in nearly…

The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday.

The Confederation of British Industry has upgraded its GDP growth forecast for this year to 2.6%, pointing to a stronger uplift in productivity, robust household spending and decent business…

The International Monetary Fund has said that Spain should expand the indirect tax burden to boost the economy and put debt on a downward path, Tax-News reported. The IMF has recommended that…

Federal Reserve officials planning to lift interest rates as soon as September have been encouraged by solid US jobs growth, but inflation holds the key to how far the Fed can go in moving rates…

The Beijing-based Asian Infrastructure Investment Bank is one of several projects that President Xi Jinping has unveiled recently in a bid to expand China’s influence and financial clout…

Business confidence in the Middle East continues to fall as the global economy is facing a period of volatility and major readjustments in the second quarter of 2015, according to a new study, AAP…

The Saudi stock market plunged nearly 7% in relentless selling sparked by falling oil prices and a decision by Fitch Ratings to cut its outlook for Saudi Arabia’s debt. The Tadawul All-Share Index…

Both Saudi Arabia and Jordan will visit MAKS 2015 International Air Show and Defense Expo air show , Sputnik reported.

Scottish manufacturing output grew in July after three consecutive months of decline. The economy as a whole also registered growth, albeit modest, MarketWatch reported. The Bank of Scotland’s…

Alarm bells rang across world markets on Monday as a 9% dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors.

European stocks opened more than 3%…

Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a 10% tax on capital gains in an attempt to attract investors and…

Saudi Arabian entrepreneur Essam al-Zamel has overcome many obstacles to found a string of technology companies in the past decade, but he thinks sliding oil prices will be hard to handle.

The International Monetary Fund and the US Agency for International Development have reached an agreement to better coordinate their work on the newly agreed sustainable development goals,…

The latest RaboDirect Investor Barometer shows that 89% of Irish investors surveyed say they are confident about the outlook for the Irish economy over the next three months, down from 91% last…