World Economy

Germany’s DAX raced to new record highs on Monday as European stocks extended their recent sharp rally as investors bet the weakened euro would boost the region’s economy and lift…

Ever wanted to buy a flying car? You only have a couple more years to wait, says a company that has built prototypes that can both drive and fly.

The flying roadster, a sporty two-seater…

Growing construction spending coupled with increasing demand for fasteners in automotive industry is expected to boost the global industrial fasteners market is expected to reach $104.32 billion…

Rheinmetall lost 120m euro after German minister for economic affairs prohibited the company exports to Russia, Sputnik reported. The German military company Rheinmetall called on the federal…

Russia’s economy shrank 0.7% on the year in the first quarter, Russian news agencies reported Monday, citing the central bank’s first deputy chairwoman, Ksenia Yudaeva, Dow Jones reported. However…

Major investment banks generate the vast majority of their revenues from dealings within the financial system, according to research by the Bank of England of 10 biggest banks.

Prime Minister Shinzo Abe’s economic policies could improve income inequality, helping younger people especially, if he fully implements a planned labor market overhaul, according to economists at…

Thomas Jordan is about to reveal the damage from Switzerland’s biggest single-day currency shock this century, Bloomberg said. Two months after the Swiss National Bank abolished its cap on the…

Boeing Co is well-positioned to hit record production targets for its popular 737 jetliner by 2018, having learned from past mistakes, the head of its industrial system told Reuters.

India’s largest lenders aren’t passing on two rounds of monetary easing to borrowers as profitability slides and bad loans surge, Bloomberg reported. State Bank of India and Bank of Baroda are…

Australia expects to make a decision within weeks on whether it will seek to join the China-backed Asian Infrastructure Investment Bank (AIIB), Prime Minister Tony Abbott said Sunday.

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Berlin cabdriver Jens Mueller says he’s had it with the Greek government and he doesn’t want Germany to send any more of his tax money to be squandered in Athens.

The three-day Egypt economic development conference concluded on Sunday, with 90 countries and regions as well as 25 international organizations participating. The event saw some $138 billion…

The mood in Brussels is one of despair and there are fears, not over Greece but the future of the EU.

Iceland said ‘no thanks’ to membership last week and frankly, who can blame them, New…

Indonesia’s trade balance in February recorded a surplus of $738.3 million, with an export value of $12.29 billion and an import value of $11.55 billion, the Central Bureau of Statistics (BPS)…

The BlackBerry owned-company Secusmart has unveiled a new high-security tablet at CeBIT, a technology conference in Hanover, Germany, CBCNews reported. Developed alongside IBM…

In a quarterly outlook for Asia-Pacific economies, the Singapore lender said Philippine economic growth this year is expected to come in at 6.3%, which is the same estimate it gave on Jan. 30,…

The South Korean economy grew at a slower pace than the economies of the Group of 20 countries on average in 2014 for the fourth year in a row, Yonhap reported. The real gross domestic product of…

With a population of over 600 million and abundant mineral resources and commodities, Asean could be the next economic powerhouse within the Asian region, said SME Corporation Malaysia chief…

Subdued growth prospects at home are pushing mid-sized Spanish banks into foreign acquisitions that would have been impossible a few years ago as they struggled under the weight of bad loans.

Once depicted as a “Blue Banana” stretching from Manchester to Milan, Europe’s industrial heartland has moved eastwards just as its political center of gravity has shifted to Germany.

European Union leaders are unlikely to reach agreement at next week’s summit to prolong economic sanctions on Russia that expire in July, a senior EU official said.

New sanctions on Russia…

Greece and Germany stand to lose out from the European Central Bank’s (ECB) quantitative easing program, according to analysts.

Greece has not been included in the bond-buying scheme, in…

Bahrain is set to benefit from future development projects worth $24.5 billion, TradeArabia quoted a report as saying. The coming period will focus on industrial, investment, tourism and…

A survey of more than 10,000 workers found that one in four blamed poor leadership for decisions to switch jobs, NewsNow said. Recruitment firm Randstad said a fifth of workers were changing…