World Economy

Delta Air Lines has been proposed as a sponsor to rehabilitate Skymark Airlines Inc by the bankrupt Japanese carrier’s biggest creditor–a plan that challenges a separate proposal that has put…

Early into the election campaign in Belarus, the Kremlin has already demonstrated support for President Alexander Lukashenko at political and international levels.

The World Economic Forum said that it would announce three new initiatives to unlock billions of dollars of investment to help meet the United Nations Sustainable Development Goals.

Greece has a tentative rescue deal, but relief that it is not falling out of the euro is unlikely to last long: Its economy has taken a huge hit.

The White House cut down its forecasts for US fiscal deficit in 2015 fiscal year and also for economic growth in calendar 2015.

Enterprises are finding it easier to secure a loan in countries that use the euro, a further sign that Europe’s beleaguered financial sector is on the mend, according to a survey from the European…

Indonesia’s central bank kept its benchmark BI rate steady at 7.50% and said it “remains upbeat that the inflation target for 2015 of 4%, plus/minus 1 percentage point will be achieved,”…

Croatia’s industrial production grew by 2.6% in May, the fastest growth of industrial production in the EU, according to the EU statistics agency Eurostat, BalkanInsight reported. The report said…

The stock market recovery that began in China last week after a slew of government steps to halt a crash ran abruptly out of steam on Wednesday, with markets dropping sharply in…

Italy’s public debt has hit a record, at a time where the eurozone is struggling through the Greek debt crisis, DW reported. Italy is the currency union’s third largest economy and the most…

It came as a shock to just about everyone when Bank of Canada Governor Stephen Poloz announced the central bank would lower its benchmark lending rate in January to 0.75%.

Governments across the globe need to improve online privacy and boost IT skills to help people transition to new types of digital jobs, according to the Organization for Economic Cooperation and…

Hong Kong’s stock watchdog took the rare step of saying trading in Hanergy Thin Film Power Group Ltd. shares cannot resume without its approval, raising the prospect they will remain suspended for…

A global business magazine has ranked Zimbabwe one of the two poorest countries in the world in a damning verdict of President Robert Mugabe’s 35-year-rule.

On taking over power at…

Most Asian stock markets have risen following the news of a deal between Greece and its creditors.

Following marathon talks, eurozone leaders agreed on a deal to keep Greece …

Germany’s economy minister has begun a two-day trip to China with a pledge to expand bilateral cooperation in digital technology. Both countries are hoping to become leading players in this…

A total of 30 companies operating in the tourism sector and on the verge of bankruptcy have been sold to new owners. This was due to a decline in the number of tourists visiting Turkey…

Factory output across the eurozone fell in May and last rose in February, an indication that its economic recovery remained weak as Greece and its creditors struggled to find ways to keep the…

The Middle East has a long-established reputation for extremism and underperforming economies. The region’s leaders tend to point the finger of responsibility for these failings at external…

Singapore economy unexpectedly contracted in the second quarter as sluggish global demand knocked the city-state’s manufacturing sector, dimming the outlook as growth in key trade…

Ukraine topped the ranking with a shrinking GDP as a result of the conflicts in Donbass. Bloomberg forecasts that the Ukrainian GDP will drop to -4% by the end of 2015. Russia follows with GDP…

Australia’s business confidence index has jumped to a near two-year high but is likely to be dented by China’s financial turmoil, Yahoo reported. National Australia Bank’s confidence barometer…

The euro tumbled against the dollar and the yen as the prospect of a resolution to the Greek debt crisis caused investors to shift attention to the relative weakness of the eurozone economy,…

Hungary’s Central Statistics Office confirmed Tuesday in a second reading of data that industrial output in Hungary slowed to year-on-year rise of 1.5% in May, significantly lower than the…

A top official of the International Monetary Fund said the institution will expand access to all its concessional facilities by 50%, and offer more concessional financing for the poorest and most…