World Economy

 Apple Inc. is working on an electric vehicle, according to people familiar with the matter, showing the consumer-electronics giant is open to stepping outside its lucrative focus on mobile…

Venezuelans puzzled over the impact of a complicated currency devaluation and fretted that dire product shortages in the OPEC nation’s recession-hit economy would not go away, VoA reported.…

The US Securities and Exchange Commission (SEC) is expanding a crackdown on a little-known program to dole out visas to wealthy foreigners in exchange for investments that generate jobs, Bloomberg…

China’s growth in broad money supply slumped to its lowest on record in January even as new yuan loans hit a 5-1/2-year high, boosting bets that Beijing may further loosen monetary policy to avert…

Early each year, Tucson becomes a mecca for many of the world’s leading collectors and dealers of minerals and gems, a Bloomberg report says. For several weeks leading up to the Tucson Gem &…

The United States has eased restrictions on imports of goods and services from private Cuban entrepreneurs as part of Washington’s rapprochement with Havana after more than half a century of…

The rating agency Fitch downgraded Ukraine’s foreign currency denominated sovereign debt on Friday from CCC to CC, citing a probable default and deteriorating creditworthiness, the…

Food security has become a key issue of the UN climate negotiations this week in Geneva as a number of countries and observers raised concerns that recent advances in Lima are in jeopardy.

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Almost 91 domestic credit institutions have been incorporated into the new Russian financial system, the analogous of SWIFT, an international banking network.

The German electronics firm Siemens announced it was slashing 7,800 jobs globally. Most of the job losses will occur among white collar administrative workers, while 1,200 positions in the company…

The board of Aer Lingus strengthened its support for British Airways-owner IAG’s takeover approach, saying that after talks with the airline, the deal made compelling commercial sense, RTE News…

Canadian factory sales rose faster than economists predicted in December as gains in motor vehicles and machinery more than made up for lower crude oil prices. Sales climbed 1.7% to C$52.4b ($41.…

Air France’s low-cost carrier Transavia has ordered 20 Boeing 737-800 jets, a deal worth up to $1.8b at current list prices, the airline announced Thursday, Ultrasurf reported. The deal includes “…

Cyprus’s recession deepened in the fourth quarter of 2014 as gross domestic product shrank by 0.7% from the previous three-month period, official data showed Friday.

While the EU has been historically dependent on Russian oil and gas supplies, this dependence has proved to be a two-way street, with Russia dependent on European goods and technology. This trade…

Spain’s economy grew at its fastest pace since before its near seven-year downturn in the fourth quarter of last year. Its economy was boosted by tumbling energy costs which also prompted the…

Despite its vast oil wealth, the World Bank said it expects the economy of the semi-autonomous Kurdish region of Iraq to shrink because of regional crises.

The eurozone’s gross domestic product (GDP) expanded more than expected in the fourth quarter of 2014, boosted by an acceleration in Germany’s growth.

As a subsidiary of the world’s second-largest coal producing company, China’s Shuohuang Railway needed the largest locomotives possible to carry coal the length of its 594-kilometer railroad.

US consumer spending barely rose in January as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note, Reuters reported.…

Deutsche Bank AG’s Japan units were sued by a Japanese school operator for 9b yen ($76m) in compensation for losses on derivative transactions, Bloomberg reported. Nanzan School Corp.

Turkey, which had been experiencing unprecedented economic growth since 2003, has started sending out ominous signals in the past year, with investor confidence shaken and the lira plunging to a…

German Chancellor Angela Merkel has said a compromise is possible in the stand-off with Greece over its bailout terms.

But Merkel told reporters as she arrived for a conference with other…

When the Group of 20 finance ministers this week urged the Federal Reserve to “minimize negative spillovers” from potential interest-rate increases, they omitted a key figure: $9 trillion.

Cities in the Persian Gulf region have been named among the least sustainable in the world in a new global index.

Three cities – Doha, Jeddah and Riyadh – languish in the bottom 10…