World Economy

Scandal-hit bank HSBC announced Tuesday up to 25,000 job cuts as part of a global restructuring that entails its withdrawal from Brazil and Turkey, while it also mulls abandoning London as its HQ…

Oman has outperformed its (Persian) Gulf Cooperation Council ((P)GCC) counterparts and the rest of the world in most fields like economic stability, health, income equality, civil society,…

Asian shares were down on Tuesday as investors continued to worry about a Greek debt default and the timing of a US interest rate rise.

Fears of a Greek debt default continued to weigh on…

Tesco has invited at least six firms including KKR & Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6 billion, people familiar with the matter told Reuters.…

German investigators say they have carried out another search on the premises of Deutsche Bank’s Frankfurt headquarters. The raid comes amid various legal actions against the bank.

The…

Moscow's ban on food imports from the European Union and United States has reportedly led to a drastic increase in food imports from countries that were not affected by Russia's food embargo.

Business confidence in Australia has jumped to its highest level in nine months as small businesses and retailers cheered Treasurer Joe Hockey’s second budget and another rate cut from the Reserve…

Slovakia’s foreign trade surplus has amounted to €352 million ($397 million) in April, which is the lowest level since the beginning of the year, analysts say.

“Statistical figures show that the Danube region of Bulgaria is one of the most lagged behind in economic aspect in the EU,” Bulgarian Minister of Economy Bozhidar Lukarksi said speaking at the…

The decision by Gazprom Neft, Russia’s third-largest oil producer, to use renminbi for trade settlement may prompt more Russian firms to follow suit, experts said. The Russian company had on…

The Confederation of British Industry just revealed that it cut its growth forecasts for Britain’s economy due to the risks associated with the EU referendum and the possible “messy…

Japan’s economy grew at a faster pace than initially estimated in the January-March quarter on stronger consumer and corporate spending, though economists anticipate slower growth in April-June.…

The shock resignation of Deutsche Bank’s two chief executives may offer Germany’s biggest lender a fresh start but will not be a cure-all for its ills, observers said on Monday.

Businesses are reporting ‘significant improvement’ in economic conditions as new figures suggest Northern Ireland’s economy is recovering after a springtime slowdown, the country’s UTV newssite…

The Bank of France confirmed its estimate of 0.3% growth in the French economy for the second quarter on Monday, releasing a survey showing expectations of further gains in…

Czech unemployment rate decreased less-than-expected in May, figures from the Ministry of Labor and Social Affairs showed Monday, RTT News reported. The jobless rate fell to 6.4% in May from 6.7%…

China’s Shanghai Composite index clinched fresh seven-year peaks on Monday, outperforming the region which has largely seen a mixed performance, as a stronger-than-expected US nonfarm…

US economic growth in the second quarter will be far weaker than previously expected and it will prevent the pace of growth in 2015 from exceeding last year’s 2.4 percent, according to a forecast…

German exports in April rose more sharply than expected while industrial output also posted a strong rise, signaling a good start for the Eurozone’s largest economy at the start of the second…

Technologies are inevitably changing the global labor market and will wipe out certain professions. Global trends and technological development will also change Lithuania’s labor map, which may…

Responding to Fitch Ratings’ latest rating assessment of South Africa, the government said it recognized that the country’s economic growth needs to be accelerated, and that it is addressing the…

Chinese imports fell for a seventh straight month in May while exports also sank, according to official data on Monday (Jun 8), as the world's second biggest economy shows protracted weakness even…

While ASEAN imports to India have expanded by more than 8% annually for the past two fiscal years, Indian exports to ASEAN have been sluggish, contracting by more than 3%. Yet New Delhi is hardly…

Azerbaijan’s tax policy contributes to strengthening the economy and ensuring the economic security of the country. This statement was made by head of the Parliamentary Economic Policy Committee,…

Egypt’s current account deficit registered $4.1 billion in the three months to March from a surplus of $322.9 million in the same period the previous year, according to Reuters calculations.