World Economy

The ECB has published estimates of the direct cost to eurozone countries of bolstering the financial sector from 2008 to 2013. Ireland’s bank bailouts cost the Emerald Isle the…

Vladimir Putin is facing a problem few could have anticipated: The ruble is becoming too strong.

If wholesalers have anything to say about it, America’s manufacturers may be in the doldrums for a while, Bloomberg reported. Sales of durable goods at US distributors in January and February…

Beijing is mulling over extending a railway line to Nepal that could include a tunnel under Mount Everest. The Qinghai-Tibet line already links the capital to Lhasa, with China seeking more trade…

Egypt’s annual urban consumer inflation and core inflation both picked up in March for a second consecutive month, a sign the government may be struggling to balance economic growth and price…

The Bank of England on Thursday voted to keep its main interest rate at 0.50 percent, opting for stability in its last meeting before next month’s British general election.

Investors focused on Japan on Friday as the country’s benchmark Nikkei 225 index traded above 20,000 for the first time since April 2000.

The high was short-lived however with the…

The international rating agency Fitch revised the rating outlook on Brazil’s long-term foreign and local currency Issuer Default Ratings (IDRs) to negative from stable, it reported Thursday.

In a press release issued Friday, the Irish Small and Medium Enterprises Association (ISME) claimed that high business costs are making it increasingly difficult for small businesses to compete on…

The creation of the BRICS reserve currencies pool worth $100 billion will allow member states to depend less on negative processes in the world economy and bypass market volatility, said Russian…

Xiaomi Corp., the Chinese smartphone vendor that overtook Apple Inc. and Samsung Electronics Co. in the world’s largest market, now faces another foe: counterfeiters, Bloomberg reported.

It’s the deadline day for North and South Korea to settle a row over wages in the Kaesong joint industrial zone, BBC reported. More than 50,000 North Korean citizens work in the North Korean town…

This week South Korea’s capital city showcases its efforts to greatly reduce air pollution, increase energy efficiency and improve urban environments. At a major climate change conference, Seoul…

Deutsche Bank AG, Germany’s largest lender, is set to pay more than $1.5 billion in fines as global regulators wrap up a probe into interest-rate manipulation, according to a person familiar with…

Since their announcement in 2013 during Chinese President Xi Jinping’s visit to Kazakhstan and Indonesia, the New Silk Road Economic Belt and 21st Century Maritime Silk Road (termed together the “…

The head of the International Monetary Fund says global growth is “moderate and uneven” and faces rising risks.

The assessment came in a speech in Washington by IMF Managing Director…

Ukraine’s inflation rate for 2015 will be more than 30%, Ukrainian National Bank deputy head Dmytro Sologub said Friday, Sputnik reported. “In regard to inflation, we will probably…

The IMF has warned countries across the world face a prolonged period of low economic growth, due to the effects of an ageing population, and urged governments to take the steps necessary to…

The head of the World Bank has welcomed the Chinese-led bank for investments in infrastructure as a way of fighting poverty. Germany formally joined the AIIB at the start of the month.

If there is any hope for the ailing Italian economy, it may lie within the white hallways of a midsized pharmaceutical manufacturing plant near Latina, 50 miles south of Rome.

The UK is currently being buffeted by conflicting forces. Inching towards its first interest rate rise amid dramatic shifts in the value of the pound, the UK is also shrouded by one of the most…

The European Central Bank bought almost €61 billion ($66b) of government bonds and other assets in March, it said on Tuesday.

This just beat its target in the first month of a…

French firms will benefit from bigger tax rebates on their investments as part of reforms announced on Wednesday to boost business activity. Flat business investment remains a drag on the…

A Chinese technology firm said it cannot meet a 241 million yuan ($39m) debt repayment, making it the first company to default on corporate bond principal in modern China, Industry Week reported.…

The Russian railway company signed a memo of understanding on Wednesday to build railway infrastructure and a marine coal terminal for Thailand’s Banpu Public Company Limited…