World Economy

Ireland has been named as the number one destination in the world for US Foreign Direct Investment (FDI) by the American Chamber of Commerce in Ireland.

Whether it’s the soaring Swiss franc, the plummeting ruble or the sliding euro, recent currency chaos has thrown the travel sector into turmoil as holiday-makers dodge costly tourist traps and…

Goodyear Tire & Rubber Co. showed off a concept tire at the 2015 Geneva International Motor Show this week that can produce electricity.

Investors will likely be more sensitive to economic data in the coming week as stocks received a big dose of “good news is bad news” last week, after a better-than-expected jobs report was blamed…

Chinese regulators are turning to recent Japanese history for economic lessons, determined to keep the world’s second biggest economy from taking the same path of recession and deflation that has…

In February, the unemployment rate among black or African American persons was 10.4%, nearly double the national rate of 5.5%. The unemployment rate among blacks or African Americans between ages…

South Africa’s rand tumbled more than 2% to a 13-year low and government bonds slid sharply, as emerging markets were heavily sold off after US job numbers strengthened the case for the Federal…

Egypt will launch the “Money and Business Center” project with an estimated investment cost of 12.5 billion EGP ($1.63 billion) at the upcoming economic summit scheduled in March, Housing Minister…

Large firms will have to reveal differences between average pay for male and female workers under a change to a law passing through Parliament.

Firms with more than 250 employees that don’t…

Apple could soon be a major buyer of gold, according to estimates of how much of the precious metal will be required to produce the 18-carat version of the forthcoming Apple Watch.

China hopes to finish talks on creating an Asian free-trade bloc estimated to cover 28 percent of the world economy by the end of this year, the country’s trade minister said on Saturday.

Refugees who have come to Canada over the past 30 years have paid more income tax in this country than immigrant investors admitted under the now defunct immigrant investor program, critics…

The US has frozen accounts of Russian banks SMP, Rossiya and its subsidiary Sobinbank worth a total of $640 million, as part of America’s escalating sanctions war against Russia over its policy in…

The euro’s value against the dollar keeps dropping, and it could soon reach parity with the dollar for the first time in 13 years, AP reported. Its dramatic decline could help companies in the 19-…

 Mexico’s central bank auctioned off $200 million Friday to shore up the peso as it neared a historic low against the US currency, AP said. The peso came under new pressure on news of…

Apple is set to join the Dow Jones Industrial Average, replacing telecom major AT&T that has been a component of the stock index since 1916, NewsNow reported. Apple, which is the biggest US…

The US trade deficit fell to $41.8 billion in January from December as imports declined more than exports, said the Commerce Department.

The trade gap narrowed from a revised December…

Dilma Rousseff battled back from faltering approval ratings at the end of last year to win a second term as Brazil’s president in October. But 2015 appears to be stacked with more challenges for…

Almost all the world’s currencies are dropping against the US dollar. The decline is being driven mostly by governments and central banks bent on cheapening their currencies to gain an…

Citigroup announced that it would pull up and leave Turkey’s second largest bank, selling its almost 10% stake in Akbank TAS at an $800 million loss.

That says something about how…

China’s central bank further lowered the country’s key interest rates this week. The move signifies that the Chinese government can no longer put up with the economy’s downtrend, Focus Taiwan…

Egypt’s economy grew at 4.3% in the quarter ended December compared with 1.4% during the same period last year, Planning Minister Ashraf al-Arabi said on Saturday. Arabi told Reuters that his…

A new study shows during the past two decades, there has been little progress in women’s participation in the labor market and in narrowing the gender wage gap. 

On the eve of …

All 31 US banks have passed the first hurdle in the Federal Reserve’s latest round of annual “stress tests” to see how they would cope in the next economic crisis.

The central bank said the…

What’s the road like that China’s economy will be facing after more than two decades of going from strength to strength? Will that road have a soft surface, or a hard and bumpy one? This is the…