World Economy

A small south Manchester law firm is taking on the might of financial giant Royal Bank of Scotland in a court case.

Blackstone Solicitors claims RBS has discriminated against people of…

Greece reshuffled its bailout-negotiating team, reining in Finance Minister Yanis Varoufakis, after three months of talks with creditors failed to unlock aid and a meeting with his euro-…

Economic sanctions imposed against Russia over the situation in Ukraine must be canceled at the earliest possible moment, the Italian economy minister said Monday.

China’s steady encroachment to the heart of global finance could eventually reshape the international monetary system (IMS).

The nomination of the Bank of Japan’s newest board member is prompting investor speculation Gov. Haruhiko Kuroda will find it easier to expand monetary stimulus.

The sharp decline in the Turkish lira is of little concern because it has been triggered by external factors, Economy Minister Nihat Zeybekci said Monday, rebutting criticism that politics has…

Asian stocks outside Japan advanced for a fifth day amid speculation that central banks from China to the US will maintain support for economic growth.

Deutsche Bank will cut some €200b ($217b) in investment bank assets and exit a tenth of the countries it operates in, as part of a restructuring program that will cost €3.7b ($4b) to implement,…

Space technology companies meeting in Abu Dhabi next month will highlight the importance of investing in space education and development.

After its biggest slide since being created in 1999, the euro is finding a floor. A torrent of money unleashed by the European Central Bank is fueling demand from US and other international…

The US economy suffered a big letdown in the first three months of 2015. Now it’s time to find out if warmer weather resuscitates growth — just like it did last year.

Taiwan’s dollar jumped the most in 15 years while South Korea’s won rose to a three-month high after improving economic data fueled demand for their equities, Bloomberg reported. Global funds…

French IT services company Cap Gemini said on Monday it planned to buy US-based IGATE Corp for $4 billion cash in a deal that will make North America its biggest market, Reuters reported. IGATE, a…

A new subsidiary of Chinese state-run energy giant China Three Gorges Corp is seeking financing for $7 billion in energy projects in Pakistan and has started work at the site of the…

Spain is looking at scaling up cooperation with India especially in infrastructure, water management, information and communication technology.

Hospitals in England are being hit by “stealth cuts” of more than £2 billion ($3.03 billion) since 2010 according to new research, blaming the cuts for “rapidly deteriorating” hospitals finances…

Britain’s biggest banks face another 19 billion pounds ($29b) of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in a report on…

Fitch cut its credit rating on heavily indebted Japan by one notch Monday, saying it has not done enough to plug a budget gap left by its decision to delay a sales tax rise, AFP reported. The move…

Dubai stocks climbed, tracking a record close in US equities, after the price of Brent crude rose to the highest since December. Abu Dhabi shares also gained.

The Philippines on Sunday urged its fellow Southeast Asian countries to take immediate steps to halt land reclamation by China in the disputed waters of the South China Sea,…

Labor plans to bar private landlords from raising rents faster than inflation over a three-year period if it wins power after the general election.

Party leader Ed Miliband described…

A wave of xenophobic attacks in South Africa could provoke reprisals from neighboring countries, raising concerns among South African business leaders and officials that the violence against…

The size of the stake owned by UK taxpayers in Lloyds Banking Group has fallen by a further 1%, according to the government agency in charge of managing the interest.

UK…

Russia is interested in developing Chinese investment and cooperation, according to Russian Finance Minister Anton Siluanov. Cooperation has been recently growing, as western markets are now…

Most Ukrainians nowadays are forced to spend less and be more frugal as the country’s economy gets worse. Inflation is expected to increase to an astonishing 33 percent in 2015, while the country’…