World Economy

Almost 200 million people moved to urban areas in East Asia from 2000-2010 – a figure that would be the world’s sixth-largest population for any single country, according to new data released…

China isn’t the only one facing a “new normal”, according to the head of China’s sovereign wealth fund, who tips a period of weak growth, divergence and instability for the global economy.

Greece must respect the eurozone’s rules and cannot demand special treatment for its debt in the wake of the victory of anti-austerity party Syriza, International Monetary Fund chief Christine…

China CNR Corp Ltd and CSR Corp, China’s two top trainmakers, recently signed deals worth 45.41 billion yuan ($7.26b) with Chinese and foreign firms, Reuters reported. CSR said on…

Kuwait’s trade surplus with Japan narrowed 21.7% in December to JPY 84.1b ($713m) from a year earlier, shrinking for the second month as exports fell, the Finance Ministry said Monday.…

Russian food safety agency Rospotrebnadzor banned as of Monday imports of Ukrainian salt produced by Artemsol state enterprise citing presence of prohibited ingredients in the product, Reuters…

In what is being called the largest corporate jobs cull in history, IBM is set to axe more than 111,000 of its staff this week.

Dubbed Project Chrome internally at IBM, the process will see…

Business confidence in Germany rose again to kick off the New Year, a widely watched survey showed Monday.

The Ifo Institute’s monthly indicator of business confidence increased to 106.7 in…

This past week, after two years of “jawboning the world to death,” the European Central Bank (ECB) launched their version of quantitative easing or QE. Interactive Investor’s Lance Roberts…

Japan’s Finance Ministry released data on Monday, showing its exports grew the most in a year last month. But the country’s trade deficit has reached a record high - the highest since comparable…

The pound strengthened for the first time in four days against the dollar as Bank of England policy maker Kristin Forbes said an improving global economy may trigger interest-rate…

The Russian currency has fallen by more than 3% after escalated fighting in eastern Ukraine over the weekend. The ruble tumbled to 65.8 to the dollar early Monday from 63.7 on opening, after…

Promising technological advances and a host of lucrative new contracts and incentives are encouraging signs to alternative energy watchers who say that the market for storing wind and solar-…

The European Central Bank president Mario Draghi said euro-area states should form a “real” economic union that would speed and coordinate structural reforms and target common economic goals. “…

Around 3.1 million workers in Germany receive salaries below the country’s poverty threshold. The number of workers living in poverty surged 25 percent between 2008 and 2013 - Germany’s Federal…

The French government will use legislation to reform rules on worker representation after talks between trade unions and employer groups ended without agreement this week, the country’s labor…

Grown diamonds can help overcome the widening supply demand gap in the long run to compensate for falling mined diamonds supply, a report said.

Terming 2015 as a make or break year, IMF chief Christine Lagarde Sunday said the global economy faces the risk of getting stuck in a ‘new mediocre’ or a prolonged period of slow growth and feeble…

Luxembourg and France are racing to be the first to sell a eurozone sovereign dim sum bond, the key step in staking a claim as the single currency bloc’s offshore yuan hub.

Sovereign…

The global economy has started 2015 on the wrong foot. The sharp decline in oil prices pushed the eurozone into deflation in December 2014 and resulted in a significant slowdown in inflation in…

Spain has emerged from a devastating crisis and entered a “virtuous circle” with faster growth than its neighbors, but the IMF warns that high unemployment and the rise of populist parties still…

The Russian Railroads Company (RZD) has not introduced limitations for transportation of coal to Ukraine, the company’s head Vladimir Yakunin told reporters on late Saturday.

Earlier,…

Japan has offered to import more rice from the United States in a compromise aimed at pushing forward the Asia-Pacific regional trade talks, Reuters said.

Despite present difficulties, Nigeria holds great opportunities for her citizens with projections that its economy would continue to grow at the rate of over six percent in the next 20 years,…

South Korean companies’ investment in China reached an eight-year high in 2014 amid their growing interest in the world’s second-largest economy following the conclusion of a bilateral free trade…