World Economy

Lawmakers from Greece’s ruling Syriza party and their allies were arguing behind closed doors on Tuesday about whether to back sweeping reforms the government must ram through parliament as it…

The falling price of clothes and food meant Britain’s consumer price index fell back to zero last month, from a 0.1% increase in May and in line with economists’ expectations.

Treasury yields declined Tuesday, after a flurry of weak economic reports were interpreted as an indication that the data-dependent Federal Reserve might have to delay plans to deliver its first…

Evidence is mounting that Canada’s economy may already be in an outright recession. Recent data on investment, exports, building permits and retail sales all paint a gloomy picture, and…

Chinese stocks led Asian shares higher, while the euro declined with industrial metals after European leaders gave Greece three days to enact reforms or face ejection from the currency…

The US Treasury Department releases federal budget data for June at 2 p.m. eastern time  on Monday, AP reported. The Congressional Budget Office is predicting the government ran a surplus of…

European leaders in Brussels reached a third bailout deal for Greece on Monday morning, after more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near-…

Arab Bank Group achieved net profits worth $422.9 million in the first half of the year, marking a growth of 2% compared to $414.9 million in the same period of last year. Net profits before…

The proposed free trade agreement between India and Canada, which aims to reduce or eliminate duties on a large number of products traded between the two nations, is likely to be concluded by…

Saudi Arabia has borrowed $4 billion from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain high levels of public spending as oil prices slump…

Iraq and the World Bank signed a $350 million loan agreement to fund emergency reconstruction in towns recaptured from Islamic State militants, a deal Baghdad said marked the first international…

Australian house prices are 12% overvalued and could climb even higher, major investment bank Barclays has warned, AAP reported. Barclays Australia chief economist, Kieran Davies, came up…

Taiwan companies such as electric motor scooter firm Gogoro could hold the key to Taiwan’s economic growth, Taiwan Focus reported. In just three years, the startup, which counts Japan’s Panasonic…

Processed food imports have surpassed the $1 billion mark each year from 2012 negatively contributing to the trade deficit, which reached $3.4 billion last year, NewsNow reported. Bankers…

South Africa has one of the most efficient systems of value-added tax in the world, according to the International Monetary Fund, which undertook research on the tax on behalf of the treasury.

China’s exports rose for the first time in four months in June, providing fresh evidence that growth is stabilizing ahead of gross domestic product data this week.

As the focus of the West was fixated on Greece and Iran, the 7th BRICS Summit began a massive shift from a dialogue to an economic partnership–one whose full impact will be witnessed in the…

Venezuela has stopped publishing official data on its rate of inflation, but one expert on monetary policy says the current rate is 615%.

China’s securities regulator instructed brokerages on Sunday to review trades and enforce rules that require the use of real names and national identification numbers, the latest move by the…

Pakistani banks’ profits have gone through the roof while the economy still stays slow to pick up. The latest profit reports for the first quarter of 2015 showed banks’ profits recorded a historic…

The Spanish government lowered its 2015 forecasts for unemployment and public debt, bolstering its claims of a surging economic recovery months ahead of a general election.  

The…

France’s Parliament adopted a key package of economic reforms, after an agonizing passage in which the government forced the measures through the house without a vote three times.

The prospects for young Britons have deteriorated sharply since the Tories entered government in 2010 as money and resources have been targeted at the older generation, according to a devastating…

Ask a typical American how the United States got into World War II, and he will almost certainly tell you that the Japanese attacked Pearl Harbor and the Americans fought back.

In an effort to provide foreign direct investment indicators at an early point in the year, Statistics Center, Abu Dhabi, released Sunday its estimates of FDI stock in the Emirate of Abu Dhabi for…