A minimum wage of 8.50 euros ($10.50) will come into effect in Germany as of January 1, 2015. Proponents say it will boost the economy while critics claim it will destroy jobs. DW’s Nicole Goebel…
World Economy
The United States is back, and ready to drive global growth in 2015. After long struggling to claw its way out of the Great Recession, the world’s biggest economy is on an extended win streak that…
Asean and China need to push for consistent double-digit growth in trade in order to achieve the $1 trillion two-way trade target by 2020, China-Asean Business Council executive vice secretary-…
The euro dipped to a 29-month low against the dollar on Tuesday as the announcement of a snap election in Greece threw the country into a fresh round of political turmoil. The austerity-minded…
Ukraine’s central bank chief said on Tuesday that the strife-torn country’s growth contracted by 7.5% in 2014, in its most painful year since World War II, AFP said. Central Bank head Valeria…
The new year will see increases in fees, stamp tax and official fines for traffic and tax offences in Turkey, World Bulletin reported Tuesday. Details of the new penalties have emerged just as the…
Armenia is expected to be more dependent on Russia after its accession into the Eurasian Economic Union ( EEU), on Jan. 1, 2015, World Bulletin reported. Armenia, accepted in…
South Korea’s current account surplus rose to a monthly record in November as slumping oil prices slashed the value of imports, state data showed Tuesday.
The preliminary figure of $11.4…
‘Light’ will be the buzz word in 2015. The United Nations has proclaimed the year as the International Year of Light and Light-based Technologies, with the goal of raising global awareness of how…
Russia’s economy shrank sharply in November and the ruble resumed its slide Sunday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global…
The inflation in the consumer price index (CPI) eased slightly to 3 percent year-on-year (y/y) in October, as inflation in most components slowed, a report by the National Bank of Kuwait (…
Shareholder of US pharmacy chain Walgreens approved a $16 billion takeover of European rival Alliance Boots that creates a global leader in the drug store business, AFP reported. Walgreens said…
Credit Suisse Group AG has signaled that it intends to fight a US lawsuit that accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued, Reuters reported.
European shares and periphery eurozone bonds tumbled on Monday after the Greek parliament rejected the government’s presidential candidate, setting the stage for a snap election in 2015.
A Commercial Court of Ukraine’s Rovno Region has accused local affiliate of Russian pipeline monopoly Transneft of stealing oil products from the Samara-Western Direction pipeline, Transneft CEO…
More details about the European commission’s €315b ($385b) investment plan for 2015-17 has finally come to light.
Foreign investors have had just about enough of Abenomics. After pumping record amounts of cash into Japanese shares last year, they’ve hardly added to holdings in 2014.
Female employment in Scotland has risen by 46,000 over the past year to a record 1,288,000, government statistics have revealed.
The number of women claiming jobseekers’ allowance has also…
Most Southeast Asian stock Markets edged higher on Monday as domestic institutions bought large caps ahead of year-end but shares in Malaysia’s AirAsia plunged after one of the company’s aircraft…
China’s central bank is joining the balancing act of developed-world counterparts as it extended its toolkit to free up at least $800 billion in funds for lenders, seeking to support growth…
Mervyn King, at the helm of the Bank of England throughout the financial crisis, has said the banking system may not survive another crisis.
“I don’t think we’re yet at the point where we…
Brazil posted a primary budget deficit of 8.084 billion reais ($3b) in November, central bank data showed on Monday. The primary budget had been expected to show a deficit of 3.4b reais in…
China has offered to sign a free trade agreement with Bangladesh to try to narrow a growing trade gap, the Bangladeshi foreign minister said Monday, AFP reported. Chinese Foreign Minister Wang Yi…
Thailand’s manufacturing production index continued to slide in November as a result of lower production in various key sectors, the government’s monthly report showed Monday. The MPI, which…
Ivory Coast’s economy will probably grow at a slower pace next year than previously forecast as investors hold back before presidential elections scheduled in October, Commerce Minister Jean-Louis…
