World Economy

Workers in Germany earned more in real terms in the first quarter of 2015 than at any time since 2008, DW reported. The rise in income was buoyed by low inflation, though the new minimum wage also…

Aetna Inc. agreed to acquire Humana Inc., the second-largest provider of private Medicare insurance, for about $37 billion in cash and stock, Bloomberg reported. The deal values the smaller…

The South Korean government on July 3 agreed to inject $20 billion into the flagging economy, which has been hit by the MERS virus outbreak and sluggish consumption.

The 22-trillion-won ($…

One of the steady refrains from the rather unsteady talking heads on television since last weekend when the Greek crisis broke fresh ground, is stuff on these lines:

* Greek crisis is about…

India has become a $2 trillion economy now. According to a World Bank report, India’s GDP crossed the $2-trillion mark in 2014 and at present stands at $2.067 trillion, World Bank report said.

The Canadian economy is likely headed for recession, two major banks said Thursday, predicting a successive contraction in the second quarter, AFP reported. Canada, the world’s fifth-biggest oil…

A government Islamic lease (Sukuk Al Ijara) issue floated to raise BD200 million ($530 million) is open to direct subscription by retail investors, the Bahrain Bourse (BHB) announced.

Both…

A top eurozone share index was set for its biggest weekly fall this year on Friday, with focus on a crucial vote in Greece over its debt negotiations at the weekend.

The eurozone Euro STOXX…

Ukraine will finish 2015 as the biggest loser in global growth, according to forecasts of economists surveyed by Bloomberg. The conflict-battered eastern European nation will see its gross…

The Bank of Russia made a decision to recall banking licenses of four Russian banks, the regulator said on Friday.

The decision to withdraw licenses of Moscow-based Gagarinsky, Klientsky…

China’s securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing’s increasingly desperate attempts to head off a potential stock market…

As dairy prices continue to slump and business confidence tapers off, a leading economist is warning that a “scenario where a recession becomes imminent” isn’t difficult to imagine.

Bank of…

Malaysia’s total trade in May 2015 rose by 1.3% to RM115.4 billion ($30.5 billion) compared with the previous month while exports remained steady at RM60.45 billion and imports increased by 2.76%…

China’s manufacturing was weak in June and employers cut more jobs, two surveys showed Wednesday, in a new sign the world’s second-largest economy is struggling to emerge from a slump.

The economic recovery in the eurozone is likely to gain momentum on the back of consumer demand, according to ratings agency Standard and Poor’s (S&P), but a “shock” from Greece could lead to…

Global Foreign Direct Investment inflows in 2014 declined 16% to $1.2 trillion, according to this year’s newly released World Investment Report from the United Nations Conference on Trade and…

Greece has missed the deadline for a €1.5 billion ($1.66 billion) payment to the International Monetary Fund, hours after eurozone ministers refused to extend its bailout.

Insurer Ace is buying The Chubb Corp. in a cash-and-stock deal valued at about $28.3 billion that will boost its international presence, AP reported. Chubb shareholders will receive $62.93 per…

UK Treasury chief George Osborne says the failure of the Greek government to make its scheduled payments to the IMF has only served to add to a sense of crisis in the country, AP…

Switzerland’s manufacturing output rose in June, suggesting companies remain resilient despite the stronger franc and economic uncertainty in Europe, Dow Jones reported. The Swiss Purchasing…

The situation with the economy remains difficult, the situation of foreign markets for Russia is unfavorable, Russian Prime Minister Dmitry Medvedev said, Tass reported. “It is necessary to…

State and local pension plans throughout the United States are underfunded, which has some financial experts wondering whether the type of economic crisis that befell Greece could hit America…

China needs fundamental reform of its state-dominated financial system to keep economic growth on track, the World Bank said Wednesday.

The communist government needs to address wasteful…

The world’s first fully functional 3D printed building is set to come up in Dubai, it has been revealed.

The plans for the office building were unveiled in the UAE emirate in a move that is…

In its latest Global Economic Outlook, Fitch Ratings forecasts the global economy will grow by 2.4% in 2015, followed by 2.9% in 2016 and 2.8% in 2017.

The pick-up in 2016 reflects a…