World Economy

Ukraine may have dropped out of the headlines but its economic troubles are worsening as it continues to battle with separatists — and bondholders.

Gaza’s economy is on the “verge of collapse,” a new World Bank report warned Friday, saying the unemployment rate there is now the highest in the world and calling on Israel and international…

Europe’s economy has been down so long, even a bit of growth looks like recovery.

Markets were cheered, to be sure, by last week’s figure showing an improvement in the eurozone’s growth to…

Ever since the Great Recession, the first quarter has brought with it dramatically lower economic activity in the US, resulting in significant downgrades to annual growth forecasts. This year…

Private sector rents across England and Wales have leapt to a new all-time high of £774 ($1,213) a month on average, according to a buy-to-let index, NewsNow reported. Rents rose by 4.6% in April…

A Greek exit from the euro would not cause any short-term problem for Italy but would create a mid-term problem that would make the eurozone system more fragile, Italy’s economy minister Pier…

Confidence in France’s manufacturing sector rose in May to the highest level in nearly four years as business leaders revised up their assessment of recent output, NewsNow reported. Confidence in…

Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of…

A major state-controlled think tank forecast Wednesday that South Korea’s economic growth may stay below 3 percent this year due to a continued slump in exports.

The Senate vote last week on proceeding with debate on Trade Promotion Authority demonstrated the limited power that agriculture groups now have with Democrats in Congress.

Asian shares slipped on Wednesday after a mixed day on Wall Street, though Japan's better-than-expected economic growth lifted the Nikkei to a 15-year high.

Yahoo Inc shares…

Russia's second-largest bank VTB made a loss of $370 million in the first quarter and reined in lending as high Central Bank interest rates choked the economy, posing…

Palm oil production in Indonesia has increased in line with consumption and has surpassed the global GDP growth, thereby indicating that the global palm oil market will continue to grow, Indonesia…

The UN has now raised its projections for the Indian economy's growth this year by 1.7 percent to 7.6 percent and by 1.4 percent to 7.7 percent next year from the estimates it made in January.

The International Monetary Fund (IMF) has further reduced its economic growth outlook for Georgia.

According to the new IMF forecast for 2015 and 2016, Georgia will have 2 percent economic…

Ukraine’s parliament has passed a bill granting the government the authority to suspend foreign debt payments. The bill’s stated aim is to protect state assets in case of an “attack” from…

Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government’s parliamentary speaker said on…

UBS Group AG said its main unit will plead guilty to fraud in the US for manipulating benchmark interest rates and pay $203 million in fresh fines after the Swiss bank violated an agreement that…

Britain’s annual rate of consumer price inflation fell below zero for the first time in more than half a century, official figures showed, though Bank of England Governor Mark Carney said the dip…

The world economy will continue to grow at a modest pace, with a gradual improvement projected for the second half of 2015 and 2016, according to the United Nations World Economic Situation and…

The International Monetary Fund (IMF) has warned France that it must reduce government spending and debt levels, as well as tackling its sticky unemployment rate.

The IMF said in its latest…

Japan’s economy grew at a faster-than-expected 2.4 percent annual pace in the January-March quarter, suggesting a recovery is gaining traction despite persisting weakness in corporate and…

EU officials have unveiled a plan to slim down what critics say is bloated bureaucracy made in Brussels.

The European Commission says a new leaner approach to lawmaking will ease concerns…

China will cut interest rates this year by the most since the global financial crisis as policy makers prioritize growth amid signs of a further economic slowdown, Bloomberg reported. The People’s…

The Australia and New Zealand Banking Group Limited, commonly called ANZ, has slashed its mortgage rates following a similar move by KiwiBank as speculation grows that the Reserve…