World Economy

Japan’s debt is already at about 245% of its annual gross domestic product–or more than one quadrillion yen ($11 trillion).

“Japan’s public debt is unsustainable under current policies,”…

Russian Prime Minister Dmitry Medvedev said he believed that the European Union’s and Russia’s shared objective of creating a common economic space “from Lisbon to Vladivostok” remained relevant…

In June, Swedish exports of goods amounted to SEK 108.9 billion ($12.67 billion), while imports of goods amounted to SEK 100.5 billion. As a result, the net trade balance was SEK 8.4 billion, Dow…

The unemployment rate in Malaysia has risen by 0.1% to 3.1% in May this year, compared to 3% in April, Bernama reported. According to the Principal Statistics of Labor Force, Malaysia for May this…

Gold slid more than 1% to its lowest since 2010 on Friday, on course for its biggest weekly loss in nine months, as strong US jobs data helped deepen this week’s rout and fuelled fears the metal…

The majority of Lebanese believe that their country’s economic situation is doing bad and most of them don’t expect an improvement, the Pew Research Center has found, Naharnet reported. Only 10%…

The key market demand pulling the US, Europe and Japan out of recession is now the source of bad news. China is growing, but by how much is a crucial question, New Europe reported.

A serious political and social crisis will sweep through the euro countries if they do not decide to strengthen the integration of their economies. The eurozone crisis did not begin with the Greek…

Japanese media group Nikkei has agreed to buy the Financial Times from Britain’s Pearson for $1.3 billion, putting one of the world’s premier business newspapers in the hands of a company…

From Franklin Templeton Investments to BNP Paribas SA, global financial firms that once pushed to expand in Russia are pulling out as prolonged sanctions deepen the country’s first recession since…

Boeing topped earnings estimates and doubled its closely watched quarterly cash flow, partly offsetting a big charge for its aerial tanker program, sending its shares higher.

Myanmar’s garment manufacturers say dozens of companies will be forced to close down, if the government approves a proposal that would set the daily minimum wage at 3,600 kyat…

A comprehensive agreement to recruit Indian laborers to work in Saudi Arabia is currently in the making between the governments of both countries, an official revealed Wednesday.

The…

Asian stocks opened mostly lower Wednesday, pausing after several consecutive sessions of gains, amid disappointing results from technology and industrial heavyweights in the US.

Japan’s…

Spanish Prime Minister Mariano Rajoy is finding it hard to sell economic success to voters. While the economy is at the vanguard of growth in the 19-nation eurozone this year, an unemployment rate…

Jeffrey D. Sachs, one of the leading experts on economic development, said on Monday, “I have been helping countries to overcome financial crises for 30 years, and have studied the economic crises…

Australia’s economic growth appears to be losing momentum, with promising signs of recovery in the economy now waning, says Westpac’s chief economist.

 If there is a symbol of British ambivalence to Europe then it may be the euro itself. The capital of euro trading prospers outside the eurozone, but London’s dominance of the $5.3 trillion-a…

The rapid rise of China’s outbound direct investment in the past decade is a significant economic phenomenon, one met with a lot of resistance in some destination countries, particularly due to…

The Middle East will require 60,000 new pilots to operate commercial airlines within the next two decades, according to a new report from Boeing, Arabian Business reported. The aircraft engineer’s…

Growing signs of a recovery in big European economies such as France–which has long been a weak spot in the region–suggest 2016 could be the best year for the region in over a decade, according to…

For an economy that lives and dies by crude prices, the latest downturn in the world oil market means Russia’s recession may stretch into next year for the longest slump in two decades.

Microsoft early Wednesday reported its earnings for the fourth quarter of its 2015 fiscal year and unsurprisingly, the massive $7.6 billion write down for its Nokia purchase last year…

Vietnam’s economic growth could reach 6-6.2% this year underpinned by further recovery in domestic demand, in turn reflecting robust private consumption and investment growth, according to the…

New Zealand’s Reserve Bank is expected to cut interest rates on Thursday in a bid to stimulate the weakening economy. Economists say it may not be the last cut this year. Economists 3 News spoke…