World Economy

German carmaker Daimler has been given the green light to test its futuristic line of self-driving trucks on public roads across its home state Baden-Wuerttemberg.

Turkish Economy Minister Nihat Zeybekci ruled out the possibility of an economic crisis in Turkey, saying his knowledge should be considered a guarantee against any concern.

The FTSE 100 capped off a “frightful fortnight” which has seen more than £135 billion ($212 billion) wiped off from the index as investors were rocked by renewed fears of China’s economic…

The Chinese Silk Road Economic Belt is not a competitor, but a partnership project for Russia, country’s Prime Minister Dmitry Medvedev said Saturday.

The ministry of economic affairs said Saturday that Taiwan’s industrial production is likely to show a year-on-year drop in July for the third consecutive month amid a global economic slowdown,…

Credit rating agency Fitch has affirmed Malta’s long-term foreign and local currency Issuer Default Rating at ‘A’ with stable outlooks, NewsNow reported. The issue ratings on Malta’s senior…

A German firm was this week chosen to take over 14 Greek airports as Athens begins selling off its assets to meet the terms of its bailout deal. It is not the first time Greece’s economic crisis…

US stocks tumbled on Friday in the sharpest one-day drop since 2011, erasing gains for the past year amidst a global stock rout, triggered by the Chinese economic crisis, a series of collapses in…

Egypt’s economic growth rate is set to accelerate to 4.5% in the current fiscal year, higher than in recent years but lower than the government projects, a Reuters poll forecast on Thursday.

Eurozone business growth unexpectedly accelerated this month as steeper price cutting drove an increase in new orders and led to firms building up a bigger backlog of work, a survey showed on…

Brazilian President Dilma Rousseff said Thursday that she and German Chancellor Angela Merkel have agreed to expand trade and take joint action to combat climate change.

Rousseff made her…

Economists from Nomura Holdings Inc. to BNP Paribas SA lowered their forecasts for the economy this week, making the central bank’s growth outlook for this year look increasingly optimistic.

Currency and equity markets from Hong Kong to Johannesburg and London were already faltering. Then US stocks joined in, Bloomberg said. The stresses that have been building in global markets…

A massive currency swap deal reached between China and Argentina in July 2014 has greatly helped and even “saved” the South American country, a special report said Thursday.

Sri Lanka’s trade deficit widened substantially by 51.9% to $689.2 million in June from $453.7 million a year earlier, according to the Central Bank data released in its External Sector…

Turkey’s banking system needs to prepare for an end to rapid lending growth which faces some risk from rising external funding needs, while western Balkan banks may struggle with bad loans, a…

The bond market is sending a warning to the Federal Reserve: a false step could leave the US bogged down in a disinflationary quagmire well into the next decade, Bloomberg reported.

The oil price was near its lowest in more than a decade, cash reserves were being depleted, emerging markets were in turmoil and Saudi Arabia was beginning to panic.

China’s production activity is showing further signs of a slowdown, with its key indicator, the Purchasing Managers Index at its lowest point since March 2009.

At the pace at which India’s GDP is growing, the country can double the same over the next 3-3.5 years propelled by the efforts being made by the Prime Minister Narendra Modi’s government, Railway…

The Asian Development Bank has approved a loan of $1 billion for assistance to Kazakhstan in the continuation of government programs to strengthen the economy, the bank said in a statement on…

Stronger-than-expected growth among manufacturers helped Germany’s private sector expand at a faster rate in August, a survey showed on Friday, suggesting Europe’s largest economy is on track for…

The United Nations imposed sanctions on a diamond firm in the Central African Republic (CAR) for undermining security. The firm allegedly provides support to armed groups in CAR’s ongoing conflict…

The Scottish economy has seen its longest period of uninterrupted growth since 2001 but this has been driven partly by large one-off public building projects, the Scottish government’s chief…

China has injected nearly $100 billion from its foreign exchange reserves into two policy banks, which lend based on government directives, to help spur the country's sluggish economy, state media…