World Economy

Talks on phasing out a form of coal subsidies ended in stalemate as Japan, the biggest user of the aid, led calls for more time in defiance of this week’s G7 pledge on fossil fuel subsidies,…

Zimbabwe is phasing out its local currency, the central bank says, formalizing a multi-currency system introduced during hyper-inflation.

Foreign currencies like the US dollar and South…

Further cuts in Britain’s government spending will be needed beyond this parliament in order to bring the national debt under control, the Office for Budget Responsibility (OBR) has warned, BBC…

The signs that Brazil’s economy is in trouble have been visible for a while now, but the worst could be still to come. The figures published last month for gross domestic product in the first…

Falling oil prices have led to welcome reforms of the subsidy programs in the Persian Gulf Arab countries, but they urgently need new ways to distribute their oil wealth and shrink their public…

From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into…

Despite a sharp increase of approved total investment in manufacturing projects in the first quarter, economists predict the growth rate of private investment in Malaysia will decrease to 8.5…

European equities closed largely lower, in the wake of declines in Asian markets and falls in shares of two major banks — HSBC in the UK and Deutsche Bank in Germany.

The pan-European …

After riots broke out in Baltimore in April, the son of the owner of the Orioles baseball team famously lamented the loss of middle-class jobs that “plunged millions of good, hard-…

Turkey’s economy grew by 2.3% in the first quarter of the year, against the same period of last year, exceeding the expectations at around 1.6%, according to the data released by Turkstat on…

A radical environmental group has agreed to pay $2.55 million to Japanese whalers for breaching a US court injunction to stay clear of their vessels in the Antarctic Ocean.

The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.

New Zealand needs more housing for the poor, and less fat on the hips of the average Kiwi, according to a report from the OECD.

The country should also look at road tolls in the form of “…

British Finance Minister George Osborne, fresh from his party’s election victory last month, will seek to bind future governments to his vision of permanent budget surpluses, something only rarely…

French industrial production dropped unexpectedly in April, marking a weak start to the second quarter for the eurozone’s second-largest economy, Dow Jones reported. Industrial output in the…

The yield on 10-year German government bunds on Wednesday broke above 1% for the first time since September 2014 amid a broader selloff in European and US bonds, MarketWatch reported. Yields…

Bayer AG agreed to sell its diabetes devices business to Panasonic Healthcare Co., a joint venture backed by buyout firm KKR & Co., for about 1 billion euros ($1.15 billion), Bloomberg…

Since the beginning of the Ukraine crisis there has been a clear shift in the tectonic plates of global geopolitics. An increasingly assertive Russia and China are challenging the US-…

Taiwan’s sharp gain in its trade surplus in May is expected to boost the country’s gross domestic product (GDP) growth in the second quarter, according to research by British banking group…

Algeria must undertake “prudent” economic policies and launch “structural reforms” of its export sector for the energy-dependent state to cope with a sharp drop in global oil prices, an IMF…

China’s consumer inflation eased in May while factory-gate prices were firmly stuck in deflation. The weak price data give China’s central bank plenty of room for monetary policy easing…

French Prime Minister Manuel Valls on Tuesday unveiled a battery of measures to encourage small businesses to take on more staff in a bid to chip away at the country’s dismal unemployment figures…

Major banks are set to tone down their business plans this year in response to a continued slowdown in the country’s economy, which poses the risk of bad loans.

The unemployment rate in the Philippines eased to 6.4% in April, the Philippine Statistics Authority said. This was lower than the 6.6% unemployment rate in January, Reuters reported. In April…

The euro rose 1.59% against the US dollar on and closed at 1.1284 late Monday, as Germany’s industrial production data surpassed market expectations, Investing.com reported. Data released…