World Economy

More than half of Japanese who are laid off will still be out of work a year later, an international report said Monday, adding firms must be more flexible if Japan’s economy is to improve.

Italy and Switzerland have agreed to an amendment to their double tax agreement to enhance tax information exchange provisions. It is hoped that the agreement will be signed before the March 2…

British economic growth could be stronger than expected this year, boosted by lower oil prices and flat inflation that will encourage consumers to spend, according to an influential report…

The euro-area economy is back in the cross-hairs of investors. It’s a familiar place for the currency bloc, which spent the past five years struggling for growth, the faith of investors and…

Hong Kong’s unemployment rate was unchanged at 3.3% in the three-month period ended December amid a stable labor market, the Census and Statistics Department said Monday, Nasdaq reported.

South Korea’s Finance Ministry plans to stick with its growth forecast for this year, putting it at odds with the central bank on the outlook for Asia’s fourth-largest economy, Bloomberg…

(Persian) Gulf consumers are spending, companies are investing, and governments are announcing record budgets for fiscal year 2015.

There are storm clouds gathering on the horizon that may very well lead to turbulence and rough sailing for world economy, GulfNews reported. And as leading economists, thinkers, analysts and…

Spain will have created around 1m jobs in two years by the end of 2015, Prime Minister Mariano Rajoy said in an interview published on Sunday, more than initially predicted by the government…

The surge in US household confidence propelled by a strengthening job market and lower fuel costs improves the odds that gains in spending will soon follow.

The stage is set this week for the European Central Bank to unleash its biggest weapon yet in the battle against deflation in the eurozone, analysts said.

Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus that has driven down prices, and the reduced production could support a market rebound.

As foreign donors drag their feet on injecting badly needed cash into the government’s coffers, local analysts are increasingly worried that this will affect implementation of key development…

The International Monetary Fund (IMF) had lauded India’s efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies, PTI…

The inflation in Qatar continued to remain moderate in 2014, thanks in part to lower international food prices, TradeArabia reported. According to the Ministry of Development Planning and…

The Nigeria Posterity Project (NPP) has stated that in spite of the challenges arising from the dwindling global oil prices, Nigeria’s economy remains strong and stable under President Goodluck…

President Barack Obama will call for increasing taxes on the wealthiest Americans by raising the capital gains rate and eliminating a tax break on inheritances, then using the revenue to fund new…

Egypt gained notable improvements in confidence, exports and manufacturing, according to the World Bank’s report in January, which highlighted 1.2% growth for 2014 in developing Middle East and…

China's annual GDP growth slowed to its weakest rate in more than two decades in 2014, according to an AFP survey, projecting further deceleration in the world's second-largest economy this year…

Japanese direct investment in China decreased by 38.8 percent in 2014 from a year earlier to $4.33 billion (S$5.74 billion), according to statistics announced by China’s Ministry of Commerce.

Switzerland should be able to withstand the abolition of the cap on the franc, the finance minister said in interviews published on Sunday, referring to the central bank’s shock U-turn that sent…

Singapore is one of the top three most expensive markets in Asia for construction and placed 14th on the global list, according to an annual study on international construction costs, AsiaOne…

Greece's central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, a…

Gold has had a strong start to the year after investors dropped equities and turned to perceived safe havens on the back of a multitude of concerns, but there is no clear consensus on what the…

With the number of Syrians seeking refuge in Turkey to escape the civil war exceeding 2 million, a portion of them have established their own business.