World Economy

The Bank of England (BoE) has launched a project to assess the economic risks to Britain if the country votes to leave the European Union in the referendum promised by Prime Minister…

Germany views the role of the International Monetary Fund (IMF) in negotiations over Greece’s reforms as completely necessary, a spokesman for the German finance ministry said.

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Rising wages may have cut the cost advantage of China’s products, but a group of Standard Chartered economists on Friday predicted even higher productivity to come.

With more than half of its population under 25 years of age and the world’s highest regional youth unemployment rate, the Middle East and North Africa (MENA) region faces critical challenges…

China and Peru signed deals on Friday to cooperate on industrial production and transportation in an effort to diversify a bilateral economic exchange that had been focused on natural resources.…

Bring more Arab women into the workforce, invest in “bite-sized” infrastructure projects and get the private sector more involved in training young job seekers — these are the prescriptions of a…

The EU has agreed a €1.8 billion ($2 billion) loan to Ukraine – described as a landmark deal for a non-EU member.

The agreement was signed at an EU summit in Riga, Latvia, with the leaders…

Finance ministers of Japan and South Korea agreed Saturday to improve bilateral economic and financial ties, while also agreeing on the importance to address infrastructure in…

US stocks fell after data showed inflation firming, and Federal Reserve Chair Janet Yellen said she expects to raise interest rates this year, though the pace of further increases will be gradual…

Although economic restructuring has been recognized as a vital task in Vietnam, the process remains slow and requires greater efforts for a more comprehensive outcome, according to experts, Biz…

Sri Lanka’s central bank held key interest rates at record lows on Friday, and said continued private credit growth will support the economy even as analysts warned that policy could be tightened…

Brazil will freeze 69.9 billion reais ($22.58 billion) worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President…

The Philippines’ top trade official on Saturday called for support for the integration of micro, small and medium enterprises in global trade, which he said would help reduce poverty and…

As China’s New Silk Road project is seemingly aimed at a “revolutionary change” in the global economic map, it may lead to a serious confrontation between the East and the West over Eurasian…

Pakistan’s central bank cut its benchmark interest rate to the lowest in 42 years in an attempt to spur economic growth amid slowing inflation.

Finance Minister Arun Jaitley Saturday said inflation has been brought under control in the past one year but global economy and agrarian situation as well as…

The UK’s public sector net borrowing in the year ending in March 2015 was 11% less than it was the year before, the Office for National Statistic said, BBC reported. In a report that revealed…

Asia is facing a new growth hurdle: a slump in consumption. The region’s battle against anaemic export demand is already in its fourth year. Now domestic spenders, too, are going on strike. The…

A total of 35 agreements and contracts were signed during Chinese Prime Minister Li Keqiang’s visit to Brazil, as part of the growing ties between the two countries. But there is one project that…

After $35 billion in market value was erased from three Hong Kong-listed companies over two days, investors are asking if the city’s regulator should have done more to prevent the sudden selloff,…

A green economy will require many new skills and technologies, Namibia’s minister of industrialization, trade and SME development, Immanuel Ngatjizeko, said.

The euro advanced, helping to trim the dollar’s first gain in six weeks, and European bonds climbed. Asian stocks rose, with Chinese shares heading for their biggest weekly gain since November,…

The Bank of Japan refrained from increasing monetary stimulus and signaled a more optimistic view on the economy, as Governor Haruhiko Kuroda bets on stronger growth fueling stalling inflation.

German investment and consumption rose last quarter in a sign of confidence in Europe’s largest economy.

Ethiopia’s economy is expected to grow by 9.5 percent this fiscal year ending June before accelerating to 10.5 percent in 2015/16, the World Bank said on Friday, NewsNow reported. Lars Christian…