World Economy

Egypt’s annual urban consumer price inflation rate edged down to 11% in April, compared to 11.5% in March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Sunday,…

Taiwan could become a magnet for foreign direct investment (FDI) planning to leave China as a result of rising labor costs, according to research by Spanish financial group Banco Bilbao Vizcaya…

Last week, the European Union reached a momentous decision to finally agree a reform to its disastrous biofuels legislation, signaling Europe’s U-turn on the burning of crops for…

With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the eurozone is…

An unpopular new consumption tax has handed fresh ammunition to critics of Malaysia’s embattled prime minister, with angry consumers complaining it has sent some prices surging, and economists…

The combined value of companies listed on the Singapore Exchange (SGX) rose in April for a fifth consecutive month and now rests at a shade under $1 trillion.

The total market…

Canada’s economy shed almost 20,000 jobs in April as a small uptick in full-time work was more than offset by a large drop in part-time jobs.

Statistics Canada reported that the…

Equity markets in Asia-Pacific held firm after dipping to a one-month low, with stocks in Japan, Hong Kong, and mainland China advancing on the overnight rebound in…

The National Statistics Institute (INE) announced that the rate of inflation in Mozambique in April, as measured by the consumer price indices for the three largest cities (Maputo, Nampula and…

Indonesia’s economy might continue to see flat-line growth in the first quarter of this year as corporate earnings reflect sluggish domestic demand, but infrastructure-focused government spending…

Europe’s migration crisis exposes a fundamental flaw, if not towering hypocrisy, in the ongoing debate about economic inequality. Wouldn’t a true progressive support equal opportunity for all…

It seems the recent economic problems in Europe have led to a growing concern about the sustainability of the euro, following a survey of non-euro using states, which showed a vast disparity in…

Areva looks set for a rough ride with the unions after announcing job cuts and an end to bonus pay and other perks in a bid to end abyssal losses, Euronews reported. While everyone agrees…

Sri Lanka’s trade deficit widened 10.4 percent to $638.2 million in February from $578.1 million a year earlier, central bank data showed on Friday, Reuters reported. Sri Lanka’s trade deficit…

China’s consumer prices in April rose at half the pace the government is targeting for 2015, suggesting the central bank may need to add to its recent monetary easing to spur a pickup in domestic…

The International Monetary Fund (IMF) expects slower economic growth in China to drag Singapore’s 2015 growth down “modestly” to below the 3.0 percent the IMF had earlier projected.

Kyrgyzstan has officially become the member of the Eurasian Economic Union (EEU), comprising of Russia, Kazakhstan, Belarus and Armenia, AKIPress reported. The protocol on Kyrgyzstan’s joining the…

China and Russia have signed a slew of business deals in Moscow. For the Kremlin, increased cooperation with the Asian country means the influx of urgently needed investments as western sanctions…

Mervyn King was Bank of England governor from 2003 to 2013 – before, during, and after the global financial crisis. He sees four main policy options for resolving the eurozone’s problems – and all…

Food wasted by consumers is an enormous economic problem and nations should ensure excess food is given to the hungry instead of being thrown away, agriculture ministers from the Group of 20…

Ratings agency Moody’s said the election victory of Prime Minister David Cameron might have implications for the Britain’s sovereign debt rating if it led to the country leaving the…

Shares in British banks jumped on Friday as the Conservative party looked set to form the next government, removing fears of a break-up of the biggest among them and further hikes in a tax on…

Portugal’s economy is improving on the back of short-term benefits but the country still needs to tackle deep-rooted problems that date from before its 2011 bailout, the International Monetary…

German technology giant Siemens has announced it will have to slash many more jobs to complete its restructuring drive. The company has experienced particular problems in its power generation…

Relations between Russia and China have reached unprecedented heights, Russian President Vladimir Putin said Friday, ahead of the release of a film on Moscow-Beijing bilateral…