World Economy

Capital One Financial Corp. agreed to buy General Electric Co.’s health-care finance unit for about $9 billion, as the bank best known for its credit cards builds a niche business into one of the…

Britain's unemployment rose in the second quarter and total wage growth slowed, suggesting some easing in the recovery of the labor market.

The number of people looking for work increased…

National Bank of Abu Dhabi says it had won approval to act as the first securities lending and borrowing agent in the United Arab Emirates, as part of reforms aimed at adding liquidity and…

As China’s devaluation of the yuan drags the currencies of its neighbors to new multi-year lows, the yen has been steadfast amid speculation the Bank of Japan doesn’t want it…

Toshiba is to book a combined loss of more than ¥100 billion ($858 million) for the last fiscal year as it writes down the assets of its struggling segments, including its semiconductor, white…

India’s government is seeking damages of nearly $100 million from Nestle for “unfair trade practices” after the food safety watchdog banned its hugely popular Maggi noodles brand.

The…

On International Youth Day, International Labor Organization Director-General Guy Ryder calls on actors in the world of work to foster the inclusion of young people.

The establishment of the Russian rating agency and the national payment system Mir is designed to win investors’ trust and Russian citizens’ confidence in the country’s financial stability,…

Santiago de Cuba suffers from two types of drought this summer. Lacking rainfall and assaulted with record-breaking heat, the region surrounding the southeastern coastal is facing the driest year…

The year 2015 marks the tipping point for Islamic lifestyle economy services moving from establishing a business-case to focusing on building successful business models and quality execution…

Greece’s biggest creditor Germany has made a huge profit on the country’s debt crisis over the last 5 years as it saved through lower interest payments on funds borrowed amid investor "flights to…

The yuan dropped to its lowest level against the dollar in three years after China's central bank devalued the currency Tuesday to aid a slowing economy.

The People's Bank of China…

The eurozone is poised to record its ninth quarter of economic growth, with economists predicting that gross domestic product figures scheduled for release Friday will show the economy expanded by…

The conclusion of the terms of a free-trade agreement between the European Union and Vietnam will have significant long-term macroeconomic benefits for Vietnam, says Fitch Ratings. The deal will…

Turkey's current account deficit narrowed in June to $3.36 billion from $4.44 billion in May, the central bank said on Tuesday, helped by a fall in the oil price that has cut the cost of energy…

Gold rose more than 1% to above $1,100 an ounce as the dollar cut gains and European stocks fell and investors assessed the impact of China's move to devalue its currency and prop up its economy…

Dubai police have launched an investigation into the death of a prominent Indian businessman who was attacked by an Arab national at a luxury Dubai hotel on Sunday night.

Business climate improvement is so crucial now, that Jordan may soon seek the assistance of the International Monetary Fund, a senior official said, Albawaba reported. Finance Minister…

South Korea’s exports of information and communications technology products reduced for the first time in three months due to the weak global demand, a government report showed Tuesday, Xinhua…

Singapore’s economy contracted during the June quarter of 2015 with the government reporting a decline of 4.0%, Business Insider reported. The figure, an improvement on the 4.6% decline …

Venezuelan President Nicolas Maduro is again accusing the United States of plotting to destabilize his socialist administration. The accusations follow talks meant to improve relations between the…

Greece has agreed on the broad terms of a new three-year bailout package with international creditors, with a few last details expected to be ironed out by late Tuesday.

Finalizing quickly…

Russia’s economy has contracted the most since 2009 following lower oil. The country’s GDP shrank by 4.6% in the second quarter from the same period last year, following a 2.2% decline in the…

Exposing a new front in cybercrime, US authorities broke up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements and then profited by trading on…

Warren Buffett’s Berkshire Hathaway has agreed to acquire aerospace equipment maker Precision Castparts Corp. The deal, valued at $37.2 billion, is Berkshire’s largest ever, RT reported. “I’ve…