World Economy

Italy’s poverty is growing as the euro region’s third-biggest economy is still in the grip of recession and crisis, NewsNow reported. According to Caritas Europa, an umbrella group for the…

Eurozone business activity has reached a seven-month high, prompting companies to take on more staff, a closely watched survey indicates.

Markit’s composite flash purchasing managers’ index…

In the years after the Cold War, much was written about Europe’s emergence as the third great force in the global political economy, alongside Asia and the United States.

The US and Britain on Saturday discussed new sanctions against Russia as Ukraine’s week-old cease-fire unravels, though it was unclear if the allies were on the same page about increasing pressure…

Bermuda is likely to emerge from recession this year, according to projections by the Ministry of Finance. Analysts from the Ministry estimate that the economy will grow by up to 1.5 percent next…

February 27 will mark the 10th anniversary of the World Health Organization Framework Convention on Tobacco Control (FCTC), the first global public health treaty.

Today the FCTC has…

Bulgaria’s economy slowed down in the second half of 2014. That hardly comes as a surprise given the presence of internal factors like CorpBank’s bust and the political instability, and external…

United Auto Workers President Dennis Williams, whose union indirectly controls the largest single block of General Motors Co shares, told Reuters an investor group’s proposal that GM buy back $8b…

Farmers fear the country will be unable to export enough wheat this season to rein in the stockpile and a failure means new crop risks rotting in fields instead of being sold on world markets to…

Apple, Inc. may take a bite out of the automotive industry sooner than anyone expected. Last week, it was reported the device-maker was considering a foray into automobiles to challenge…

Greece and eurozone nations have agreed to a deal to extend financial aid after bailout talks in Brussels. Eurozone finance ministers reached an agreement to extend Greece's financial rescue…

International rating agency Moody’s has revised downwards Russia’s sovereign debt rating to Ba1 (speculative) from Baa3, offering the continuing crisis in Ukraine and dwindling oil prices as the…

A new form of money – which, according to some experts, could actually render Bitcoin, PayPal, even traditional cash and credit cards obsolete – is set to make its “debut” this October.

And…

Azerbaijan’s Central Bank has suddenly devalued the country’s currency by 33.5% against the dollar. Like Russia, Azerbaijan has been hurt by the sharp decline in the price of oil, its main export…

The German and Greek finance ministers are holding talks with IMF and Eurogroup chiefs ahead of a meeting of eurozone finance ministers on Friday.

Britain posted its biggest budget surplus since before the financial crisis in January, as stronger tax receipts put Chancellor George Osborne firmly back on track to meet his borrowing…

European markets edged down in the run-up to yet another showdown between Eurozone leaders and Greece, scheduled for today, NewsNow reported. Germany’s Dax fell 0.24% in early trading, while…

The world trade rules will be mainly regulated by regional agreements instead of WTO standards within the nearest 15 years, Chairman of the Eurasian Commission Viktor Khristenko said.

“I’m…

Over the last five years, the eurozone has, without explicit popular consent, maintained a strict policy focus on fiscal austerity and structural reforms – despite serious social repercussions,…

Ministry of Statistics (India) announces its growth numbers every quarter and understandably it generates quite a buzz all around the world.

Russia’s United Aircraft Corporation (UAC) wants to continue budget funding for the Russian-Chinese wide-body aircraft project whereas the Russian Ministry of Industry and Trade earlier suggested…

British Finance Minister George Osborne on Friday defended his government’s response to the scandal engulfing London-based HSBC bank, saying the matter should be left for tax officials to…

There are blue skies ahead for the Danish economy according to the Confederation of Danish Industry (DI), which calls for thousands of new jobs and more money in consumers’ pockets, DK reported.…

Japan’s economy is hobbling out of a recession, inflation is a quarter of the central bank’s target and wages adjusted for price changes fell last year. And yet sales…

Telecom Italia SpA, the country’s largest phone company, slowed its pace of revenue decline last quarter and reported net debt that beat analysts’ estimates, Bloomberg reported. Fourth-quarter…