World Economy

As many well-educated people can’t find jobs in crisis-stricken Europe, they turn south. More migrants are moving from Europe to Latin America and the Caribbean than the other way round.

Sources have claimed that the United Arab Emirates may have contributed to HSBC closing Muslim bank accounts, a new BBC investigation has revealed.

According to a report in the…

Jameela, a 50-year old Indian woman, needed money to support her family. She didn’t think she would find much, if any, funds close to home. She got in touch with an agent who arranged for her to…

The head of the Reserve Bank of New Zealand Wednesday signaled further cuts to the interest rates, but dampened speculation that the country was headed into recession.

Japanese electronics giant Panasonic said Wednesday that its net profit soared 57% from a year ago, mainly thanks to a tax accounting change as it reshapes its business, AFP reported. The Osaka-…

UK economic growth accelerated in the second quarter as business services and finance strengthened and North Sea output surged. The 0.7% increase in gross domestic product marked a 10th straight…

Sumitomo Mitsui Financial Group Inc. is among banks that are preparing to offer about ¥100 billion ($810 million) in loans for Nikkei Inc. to buy the Financial Times, people with knowledge of the…

Barclays sees Italian economy on track and expects a solid growth rate due to the following business environment of the economy, Business Insider reported. Consumer and business confidence data…

The International Monetary Fund warned on late July 27 that the eurozone’s prospects were modest and that more money printing than planned may be needed. Contrasting the IMF’s relative gloom…

With global emerging markets again under pressure, India might seem an unlikely port in the storm. Promises of far-reaching economic reforms under Prime Minister Narendra Modi are still to be…

The problem of poverty in Russia is most likely to intensify in the coming years, experts say. While the Russian authorities are taking measures to provide social support to the population, these…

Greece pushed ahead with talks on a new rescue loan Tuesday, but its government came under increasing pressure over claims it had a top-secret plan to prepare for a euro exit that involved…

UAE’s consumer confidence index dropped in the second quarter due to declining sentiment over job prospects and personal finances.

Dubai-based real estate agency S&K Estate Agents said a deteriorating property market in the emirate contributed to its decision to file for bankruptcy and be liquidated.

After a plunge of more than 8% in major indexes on Monday, Chinese regulators said they were prepared to buy shares to stabilize the stock market, while the central bank injected cash into money…

Hong Kong blue chip stocks rose on Tuesday, bucking falls for mainland shares, on hopes for a stabilizing China market as Beijing hinted at further monetary easing. The Hang Seng Index, which…

Russia’s gross domestic product shrank by 4.2% in June from a year earlier but the contraction was shallower than May’s revised 4.8% fall, adding to signs the economy may have started to stabilize…

 The final round of negotiations on the Sustainable Development Goals–the successor to the Millennium Development Goals, due to be inaugurated in September at the UN General Assembly–is now…

The International Monetary Fund has warned that risks remain of stagnation in the eurozone area, with the medium-term outlook for growth being “subdued”.

In a consultation on the eurozone,…

To preserve economic and social stability and continue with development plans, the Middle East and North Africa region governments are considering tax measures to broaden their revenue base and…

Chinese shares slid more than 8% on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing’s efforts to stave off a deeper crash into doubt.

This nameless, secret market in southeastern Moscow is only known to Chinese expatriates and foodie Muscovites.

Hidden outside the sprawling Sadovod wholesale center, it consists of two…

Abu Dhabi-based Lulu Group International has partnered with London developer Galliard Homes in a £110 million ($170.5 million) agreement to create a 92,000-sq-ft five-star hotel at Great Scotland…

The British Pound failed to trade above key price levels against the US dollar for the second-consecutive week as key FX pairs traded in tight ranges. A big week of both UK and US economic event…

Mortgage rates in New Zealand hit a 60-year low as banks vie to undercut each other. Bank New Zealand Monday shaved 30 basis points off its two-year fixed rate, down to 4.69 per cent.