World Economy

Russia’s consumer rights agency Rospotrebnadzor has banned the imports of cheese and cheese-like products from Poland, the regulator said in a statement on Monday, Tass reported. Rospotrebnadzor…

Japanese Prime Minister Shinzo Abe’s plan to revive the nation’s economy is leaving small companies behind, Bloomberg reported. The broadest measure of equities has soared 18% since Oct. 31, when…

The infrastructure cost of the Suez Canal development project in Egypt is likely to reach $15b, said a top official, adding that the comprehensive project plan will be announced within two weeks,…

Apple announced a €1.7 billion ($1.9b) plan to build and operate two data centers in Europe, each powered by 100% renewable energy. The facilities, located in Athenry,  County Galway, and…

HSBC has reported a 17% drop in pre-tax annual profit to $18.68b, after the lender was hit by fines for its involvement in the foreign exchange rigging scandal.

Britain is on the cusp of a global, technology-driven fourth industrial revolution, with eight in 10 manufacturers (80%) saying it will become a business reality by 2025. However, the UK’s ability…

Turkey is planning to offer citizenship to Saudi investors, Turkish Deputy Prime Minister Ali Babacan said here on Sunday while addressing the first consultative meeting of the G-20 business…

South Korea’s Samsung SDI Co said on Monday that it has agreed to buy the battery pack business of Canadian car parts maker Magna International, marking a further push by the Samsung Electronics…

A closely-watched measure of German business confidence released Monday rose for the fourth straight month in February in another positive sign from Europe’s largest economy, AP said. The Munich-…

A few weeks ago, the Foreign Ministry of the Democratic People’s Republic of Korea (DPRK) said that Moscow and Pyongyang planned to “deepen political, economic and military contacts and exchanges…

Kuwait’s government budget surplus shrank 26 percent in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated,…

Over 12.5 million Germans are now living below the poverty line which is the highest number on record since reunification 25 years ago.

Berlin, the capital of the eurozone’s…

The ongoing debate over income inequality has picked up steam, especially as the economic recovery is widely considered to be benefiting the wealthy at the expense of the middle class. In fact,…

President Benigno  Aquino III and French President Francois Hollande will talk about boosting economic and trade ties between Manila and Paris during the European leader’s two-day state visit…

Persian Gulf equity markets were narrowly mixed on Sunday after oil prices stabilized, with low trading volumes indicating that investors remained cautious, Reuters said. The main Saudi stock…

Oil-rich Oman has invited Indian industries to establish more joint ventures in sectors like finance, insurance, engineering and telecom as the Persian Gulf nation sought to diversify its economy…

International firms are showing renewed confidence in investing in Bahrain, a report said, adding that around 1,000 jobs are being created to attract specialized international companies to the…

New research has shown the Tories’ “abject failure” to rebalance the UK economy – making the case for full economic powers to be in Scotland’s hands rather than Westminster’s, to build on the…

A Brazilian prosecutor sought to block a possible government leniency deal with construction and engineering companies implicated in a giant bribery and money laundering scheme at state-run oil…

With 68% inflation, the highest across the globe, Venezuela comes in just ahead of war-torn Sudan.

US companies like Ford and Pepsi are quickly losing profits there due…

President Obama’s top economists say that even as the United States has managed to kick-start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck…

Reports this year of illicit moneys from African countries stashed in a Swiss bank – indicating that corruption lies behind much of the income inequality that affects the continent – have grabbed…

Greek Prime Minister Alexis Tsipras has warned of “real difficulties” ahead, as his government faces a Monday deadline to submit a list of reforms to lenders.

Under a deal agreed on Friday…

China will increase the scale and intensity of major transportation infrastructure construction this year to act as stimulus to spur growth of the economy which continued to decelerate, Xinhua…

Fitch Ratings Agency has upgraded Uganda’s sovereign credit rating to ‘B+’ from ‘B’ with a stable outlook, EABusiness Week reported. This according to the ratings agency is on account of prudent…