World Economy

Germany enjoyed robust if unspectacular growth in the second quarter while the French economy stagnated, leaving policymakers looking at a fragile eurozone recovery and risks from volatile Chinese…

With Italy periodically setting new records for total government debt–both in real percentage of Italy’s slow-growing gross domestic product—many observers are starting to ask whether the debt is…

Takeda Pharmaceutical Co.’s $2.37 billion settlement of thousands of lawsuits over its Actos diabetes medicine didn’t attract enough takers ahead of a deadline, raising doubts about whether the…

Reforms in Spain have helped the economy rebound, the International Monetary Fund said on Friday, but it warned more needed to be done to bring down high unemployment and correct other imbalances…

A divided Hellenic parliament has approved a third bailout for the country in five years, amid protests in Athens. The tense vote has lead to divisions within the ruling Syriza party, with snap…

Britain’s top equity index the FTSE 100 ended flat as easing concerns over China’s economy helped to offset the impact of falling oil prices.

A stronger US dollar and a persistent…

Russia’s Eurobonds headed for the longest stretch of weekly losses in a year as Moody’s Investors Service signaled the falling ruble is worsening the outlook for the nation’s credit rating,…

France’s economy stagnated in the second quarter as European Central Bank stimulus and lower oil prices failed to revive business confidence and investment.

President Jacob Zuma says the government, mining companies and stakeholders need to work together to turn things around in South Africa's mining sector, which is currently faced with an acute…

Indian Prime Minister, Narendra Modi, has described the UAE as a "valued partner" ahead of his visit to the country on Sunday.

Malaysia’s ringgit headed for the biggest drop since 1998, extending an eighth week of declines as falling oil prices and political turmoil spur capital outflows, Bloomberg reported. The ringgit…

Chinese computer giant Lenovo has reported a steep drop in profits for the first quarter in its fiscal year starting in April, DW reported. The company said job cuts were unavoidable and so was an…

Goldman Sachs Group Inc. agreed to acquire an online banking unit from General Electric Co. that has about $16 billion of deposits, giving the Wall Street firm access to a cheap source of funding…

The German economy expanded a little in the second quarter as exports rose, according to data released by Destatis, ShareCast News reported. Gross domestic product rose 0.4% from the previous…

HSBC Holdings Plc, Barclays Plc and three other banks agreed to settle US investor lawsuits tied to the currency-rigging scandal, bringing the total so far to more than $2 billion across nine…

Following 15 years of hype, a new conventional wisdom has taken hold: emerging markets are in deep trouble. Many analysts had extrapolated rapid growth in countries such as Brazil,…

A sharp decline in global oil prices has seriously damaged the financial power of Saudi Arabia. According to different estimates, the deficit of the country’s budget may reach up to 20% of GDP.

Preliminary figures from the Irish Central Statistics Office for June 2015 show seasonally adjusted exports remained relatively unchanged at €9.01 billion ($10.03 billion) compared to the…

Moody’s Investors Service has downgraded Brazil’s government bond rating to Baa3 from Baa2. The rating agency also changed the outlook on the rating to stable from negative.

The drivers of…

According to a Eurostat report released Wednesday, industrial production in the eurozone is decelerating, but the recovery year-on-year in the eurozone economy appears to be still on…

Turkey’s economy is not “fragile”, Mark Mobius, executive chairman of the Templeton Emerging Markets Group said on Wednesday.

Mobius, in an interview with Anadolu Agency,…

Markets around the world fell for a second day on Wednesday, with stocks, the dollar and emerging market currencies all under pressure after China pushed the yuan …

Israeli banks fear an international boycott, according to the Boycott, Divestment and Sanctions Movement.

The BDS said on Monday that such a boycott could come because of…

President Abdel Fattah el-Sisi issued a decree establishing an economic zone for Egypt’s Suez Canal, Reuters quoted the country’s state news agency as saying. Egypt inaugurated a major extension…

Italy posted a trade surplus with the rest of the world of €2.80 billion ($3.12 billion) in June, narrowing compared with a surplus of €3.33 billion in the same month of 2014, data showed on…