World Economy

Apple Inc  quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales,…

Media reports have claimed the German government has revised its 2015 growth outlook for the national economy in 2015. It said GDP would grow by 1.5 percent this year, up from a previous and more…

Turkey’s central bank is thinking about cutting interest rates again if inflation continues to fall sharply, Euronews reported. The bank’s governor has spoken of holding a…

Greece’s new left-wing government will halt the privatization of the country’s biggest port Piraeus which China’s COSCO group has placed a bid for, an official in charge of the process said…

The world-system is in serious trouble and it is causing pain to the vast majority of the world’s population. Pundits and politicians grasp at straws. They magnify every momentary, and usually…

The African Union and China agreed Tuesday on an ambitious plan to develop road, rail and air transport routes to link capitals across the continent. African Union chief Nkosazana Dlamini-Zuma…

Dutch electronics giant Philips on Tuesday announced profits slashed by almost two-thirds after a “challenging” 2014, blamed on ever-slowing markets in China and Russia and unfavorable exchange…

In spite of a bout of price cuts across the board, the big six energy companies are the ones making profit from the plummeting price of wholesale gas, the industry’s watchdog has claimed.

It is unrealistic to expect Greece to repay its huge debt in full, the chief economics spokesman for the victorious Syriza party has told the BBC.

“Nobody believes that the Greek debt is…

Britain’s economy grew in 2014 at the fastest annual pace since before the financial crisis, despite a fourth-quarter slowdown, official data showed Tuesday in a pre-election boost to the…

The euro extended its gains against the dollar on Tuesday while most Asian equities climbed on hopes Greece’s new government will be able to negotiate a bailout deal with the EU and IMF that will…

Philippine economic growth likely accelerated in the last quarter of 2014 on robust exports and stronger farm output, putting it among the fastest growing economies in the region. A retreat in…

Thailand swung to a trade surplus of $1.589b in December from a $78m deficit in November, the Ministry of Commerce said Tuesday. Based on raw customs data, exports returned to growth in December,…

India is a reliable political and economic partner for Belarus, Deputy Foreign Minister of Belarus Valentin Rybakov said at the India’s National Day, BelTA said. Extending the National Day…

Iron ore prices have slumped to a fresh five-year low, sending Fortescue Metals Group shares to a new low and the value of the stocks owned by its founder, Andrew Forrest, below $2 billion.

The Russian government’s anti-crisis fund equals 170 billion rubles ($2.5 billion), Finance Minister Anton Siluanov said on Tuesday.

The government held a meeting with the country’s…

Japan and China are competing fiercely to win orders for infrastructure improvements in emerging economies and developing nations, Japan's Jiji Press reported.

China will aim for 8 percent industrial output growth this year, the top industrial regulator announced on Tuesday.

Standard and Poor’s stripped Russia of its investment-grade rating, cutting it to “junk” status with a warning of weak growth, Channel NewsAsia said. “The downgrade reflects our view that Russia’s…

Swedish telecoms giant Ericsson said Tuesday its net profit plunged by over a third in the fourth quarter, dragged down by falling demand in its key market North America, AFP reported. Profits…

The European Central Bank’s launch of an aggressive program this week to buy more than €1trillion ($1.12t) in bonds poses important tests for the US economy and the Federal Reserve.

Prime Minister Narendra Modi vowed to banish India’s reputation as a tough place to do business Monday, promising a competitive tax regime and an end to excessive red tape in a pitch to US…

Kuwait on Monday projected a $24-billion deficit in its new fiscal year budget despite a massive spending cut due to plunging oil prices. Revenues for 2015-2016 are projected at $41.1 billion, 43.…

After four days of intense negotiations – preceded by nine years of dilly-dallying – the United Nations has agreed to convene an intergovernmental conference aimed at drafting a legally binding…

Vladimir Putin’s press secretary has called fresh threats of anti-Russian sanctions “an absolutely destructive and unjustified course that would eventually prove to be shortsighted.”