Vladimir Putin took the oath of office for his fourth term as Russian president on Monday, promising to pursue an economic agenda that would boost living standards across the country.
World Economy
Asian stocks eked out marginal gains on Monday, as uncertainty over trade relations between the US and China remained after talks in Beijing last week yielded no significant solution.
China’s recent opening-up measures have attracted more global investors eager to build or increase their presence in the rapidly growing market, an executive of JPMorgan Chase said Monday,…
Pakistan is hoping to bring an end to years of rampant tax evasion with an ambitious amnesty that the government of Prime Minister Shahid Khaqan Abbasi is presenting as a major economic reform…
Countries in the Asia-Pacific region should make the most of the prevailing stable economic conditions to orient their economies towards a more socially inclusive and environmentally sustainable…
Afghanistan’s poverty rate has worsened sharply over the past five years as the economy has stalled and the Taliban insurgency has spread, with more than half the population living on less than…
The Nikkei ASEAN Manufacturing Purchasing Managers’ Index accelerated to 51.0 in April from 50.1 in March, marking the highest reading in the past year, Nikkei reported. A reading above 50…
Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the US coffee chain’s products around the world in a global alliance aimed at reinvigorating their…
A new report from the World Bank, Rethinking Lagging Regions, which examines convergence and disparity within the EU, has highlighted the danger of low-growth traps. According to the report, the…
Westpac Banking Corp’s New Zealand unit chief executive David McLean remains upbeat about the New Zealand economy and said there is a risk the central bank could lift rates late this year rather…
German industrial orders fell for the third month in a row in March, official data showed Monday, disappointing the expectations of analysts who had hoped for a rebound.
New contracts…
Indonesia’s economy expanded at a slower pace last quarter than economists had forecast, a setback for the government after eight interest rate cuts in the past two years. Stocks and the…
Argentina likely stopped a run on the peso with a massive rate hike and lower fiscal deficit target, though high inflation and large amounts of debt are lingering risks, economists said.
Malawi’s economy will grow by as much as 6% in 2019 from a 4% expansion expected in 2018, President Peter Mutharika said, in remarks ahead of the presentation of the national budget in…
In a looming trade war between the world's two largest economies, American companies in China may have a bull's-eye on their backs.
The Trump administration is pushing China to cut its…
Egypt needs to embrace policies that strengthen the private sector and promote job growth in order to cement the gains realized from sweeping economic revival efforts, the International Monetary…
Buoyed by higher oil prices, Oman’s economy is recovering well from the lows of 2016, and is projected to grow by 3.6% in 2018. If sustained in the longer term, this growth is expected to have…
France’s credit outlook was changed to positive from stable by Moody’s Investors Service Inc., which cited the government’s economic reform plans and its focus on fiscal consolidation, Bloomberg…
Beset by tough sanctions and worldwide political isolation, a casual observer might be surprised to learn that Russia’s economy isn’t doing all that badly–even if it still has a litany of…
Australian Treasurer Scott Morrison on Sunday warned voters not to expect “mammoth cuts” to taxes and reiterated his center-right government’s commitment to return the country’s finances to…
There is now a federal platform to fight economic espionage in Belgium. It will be managed by National Security, De Tijd reported on Saturday. The paper revealed that a Chinese employee at the…
Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price.
Asia is becoming a less attractive market for large cryptocurrency exchange operators due to regulatory uncertainties. At least three major exchanges have announced or voiced the idea of fleeing…
All of Southeast Asia’s economies would be hit if a trade war erupts among the world’s largest economies, said Singapore’s Finance Minister Heng Swee Keat.
In an ‘Unemployment and Underemployment Report’ released in December 2017, Nigeria’s National Bureau of Statistics reported that the country’s unemployment rate rose from 14.2% to 18.8% in 2017…
