World Economy

India’s current account deficit is likely to widen in the June quarter to 1.8-2.0% of GDP, while for the current financial year, it is likely to remain under control, PTI quoted DBS Bank report as…

World Bank’s Managing Director Mulyani Indrawati, who arrived in Islamabad for talks on economic reforms, said that the country has successfully stabilized its economy and now needs to sustain the…

Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee. For American consumers who have become used to flat or even falling prices for several…

Head of Russia’s Union of Industrialists and Entrepreneurs, Aleksandr Shokhin, believes that the latest expansion of the United States’ sanction list is not a new tide of sanctions.

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Egypt has turned more than half of initial agreements signed at a March investor conference into investment projects, the planning minister said, as Cairo tries to regenerate an economy battered…

The value of private equity investments in the Middle East and North Africa region surged 118% to reach Dhs 1.5 billion ($0.41 billion) in 2014, the highest level recorded since 2008.According to…

Japanese police have arrested the CEO of the failed company MtGox, which was once the world’s biggest exchange of the virtual currency, bitcoin, BBC reported. Mark Karpeles, 30, is being held in…

German unemployment increased unexpectedly in July, its biggest rise since May last year. This is a setback for domestic demand, which is expected to drive growth in Europe’s largest economy this…

With the economy looming large in an election campaign only days away, the likelihood that Canada has fallen into a recession deepened Friday with news of below-zero growth for the fifth…

Taiwan in the second quarter didn’t come close to reaching the government’s GDP growth forecast issued only in May, underscoring pressure from the easing expansion in mainland China’s economy…

Massive capital outflows from China over the past four quarters have been viewed as a symptom of the moderation in growth prospects for the world’s second-largest economy and a possible cause of…

Brazilian household debt has swelled to a record. The government has a way to help: Payday lending.

Russian Foreign Ministry has slammed fresh US sanctions, saying that Washington wants to aggravate tensions with Moscow and added that the move “would not be left without our reaction.”

The International Monetary Fund has approved a second installment of loans for Ukraine despite uncertainties raised by the country’s heavy debts and conflict with Russian-backed separatist forces…

The 2015 socio-economic goals were feasible based on the past seven-month performance and provided efforts continued to be made, Vietnam Prime Minister Nguyen Tan Dung said at the monthly…

The Bank of Thailand has downgraded its forecast for economic growth due to shrinking exports and a sluggish economy, a report said Saturday, DPA reported. The central bank revised its GDP growth…

South Korea’s exports shrank in July for a seventh straight month due to sluggish global demand and low oil prices, government data showed Saturday, AFP reported. Exports fell 3.3% from a year…

Youth unemployment has increased to 44.2% in June, according to the Italian national statistics office. It’s the highest level since 1977 and about twice the eurozone average. The overall…

Facebook said it is ready to begin the pilot program of a high-altitude drone that will beam the Internet to remote parts of the world. The solar-powered drone will be able to fly without landing…

Africa is home to some 160,000 people with personal fortunes worth in excess of $1m, a twofold increase in the number of wealthy individuals since the turn of the century that highlights the…

 The digital economy permeates countless aspects of the world economy, impacting sectors as varied as banking, retail, energy, transportation, education, publishing, media or health. But the…

Eurozone inflation remained steady in July, a result of falling energy prices offsetting the impact of a rise in the price of industrial goods, Euronews reported. The rate stayed at 0.2…

A Saudi investor has backed JetSmarter, the mobile marketplace that connects wealthy travelers to private jets from their smartphones.

The tech firm said in a statement that it has raised $…

Growth at China’s big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs…

Negotiators from 12 Pacific nations have finished a week of talks without agreement on a regional trade deal.

But the US trade representative Michael Froman said ministers were more…