World Economy

For years, Chinese growth rates have been a byword for extremely fast economic development, and the phrase is still used that way. Unfortunately for China, the country doesn’t actually have “…

The European Union could lose up to €100 billion ($114 billion) due to the anti-Russian sanctions if things remain unchanged, a study by the Austrian Institute of Economic…

France’s economy is set to grow faster than expected in 2015 after three “sluggish” years, but still not fast enough to bring the unemployment rate down, the country’s national statistics…

The European plane maker says it has taken 421 orders worth 50-billion euros at the Paris Air Show. A last minute deal for 110 A321 with Hungary’s Wizz Air gave it reason to celebrate.

Even…

Zimbabwe is losing about $1 billion annually on infrastructure deficiencies and current expenditure on development is not enough to encourage the country’s economic recovery, the African…

Mining companies are searching in Australia for an estimated $27 billion in buried riches, hidden beneath the world’s biggest weapons testing range.

The Woomera Prohibited Area, a…

BRICS member states–Brazil, Russia, India, China and South Africa—cheered new integration trends with the announcement of the formation of the BRICS Development Bank, ahead of the group’s upcoming…

The US House passed President Barack Obama’s fast-track trade bill, one of the president’s top second-term priorities, with mostly Republican votes a week after a Democratic rebellion almost…

Crunch European talks to end the standoff over Greece's debt ended without a deal on Thursday, as the IMF claimed future discussions required “adults in the room” to yield a breakthrough in an…

Russia’s economy contracted by 3.2% in the first five months of the year, Economy Minister Alexei Ulyukayev said on Friday, citing a preliminary estimate.

Russia’s economy is sliding…

Nigeria’s speaker of the House of Representatives, Yakubu Dogara, Thursday raised alarm on the nation’s economy, NewsNow reported. Dogara, who stated that the state of the country’s finance was a…

Russian industrial output fell in May at its fastest pace since October 2009, official data showed Tuesday, underlining that the country’s sanctions-hit economy has yet to bottom out, NewsNow…

Economists have slightly lowered their forecasts for Singapore’s 2015 growth and headline inflation compared with three months ago, a central bank survey showed on Wednesday, Reuters reported.

Kenya’s economy is projected to expand by 6.5% in 2015, up from 5.3% in 2014, a pan- Africa bank said, Xinhua reported. African Development Bank (AfDB) Group East Africa Resource Center Director…

A major South Korean think tank on Wednesday projected Asia’s fourth-largest economy to grow 2.8% this year, down from its earlier forecast of 3.7%, citing the stuttering economy from a slump in…

Japan posted a $1.75 billion trade deficit in May, a dramatic fall from a year earlier due to a drop in energy imports, but still not enough to offset lackluster shipments overseas, official data…

The release of the Truth and Reconciliation Commission’s report has helped focus attention on the historical legacy of misguided policies that have directly led to the many challenges and…

Asian Development Bank President Takehiko Nakao met with India’s Finance Minister Arun Jaitley to discuss ADB’s partnership with India. Nakao also met with Minister of Urban Development, M.…

Private wealth in the UAE is projected to post a compound annual growth rate of 10.7% to reach an estimated $1 trillion in 2019, a study said.

Chinese online lender Dianrong.com is raising $150 million from investors, including Standard Chartered Plc, in a round that values the startup at about $1 billion, according to people…

The Hungarian economy was badly hurt by the European Union’s sanctions against Russia, but the government wants local companies to be ready for the time when the embargo is lifted, the ministerial…

Asian shares held near three-month lows on Wednesday as a rally in Chinese stock markets faltered, while the US dollar stayed static as investors waited for clues from a Federal Reserve meeting on…

Despite acquiring education, many young South Africans are struggling to secure employment, President Jacob Zuma said.

Turkey and Russia pose the biggest threats to long-term emerging market returns, according to Pictet Asset Management’s Luca Paolini.

Greece and its creditors are openly at war: Tsipras accuses the International Monetary Fund of ''criminal'' responsibilities for the country's situation and Jean-Claude Juncker, president of the…