World Economy

General Motors’ South Korean unit said that it has reached a tentative wage deal with its labor union on Monday, meeting a key condition laid down by the US automaker to prevent it filing for…

Vietnam is set to remain the fastest-growing major country in Southeast Asia this year, with consumers boosting spending as a robust economy lifts household incomes.

Angola’s economy is expected to grow by 2.2% this year and 2.4% in 2019, up by 0.6 percentage points and one percentage point than forecast in the World Economic Outlook for October 2017, the…

Central Asian financial markets lacked clear direction after a maelstrom of political, economic, banking system, and international lender cross-currents punctured early year euphoria.

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Major economic powers and international institutions have announced support for Afghanistan’s economic programs and the government’s reform agenda, Pajhwok reported. A statement from the Afghan…

Spaniards have overtaken the Italians and become richer according to new data from the International Monetary Fund, Euroweekly reported.The country’s per capita gross domestic product  at €…

Pakistan’s trade deficit is likely to swell to record $36 billion during current fiscal year (FY2018) due to massive increase in imports as compared to the exports, APP reported. Country’s…

Officials from around the world came together to create and support a vision for a new, sustainable economy: a bioeconomy. Almost 1,000 bioeconomy experts, from former heads of state to civil…

With Brazilian economists cutting their growth forecasts for the Latin American giant, the country’s top policy makers welcomed an upward revision by the International Monetary Fund, while…

Dubai’s economy registered slower growth in 2017, according to official figures, coming in below the government’s official forecast. The emirate’s GDP grew 2.6% to 389 billion dirhams ($105.9…

According to the statistics of the investment commission of Taiwan’s Ministry of Economic Affairs, both the number of foreign direct investment projects and the amount of total investment…

US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s…

Despite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural…

South Korea’s small and medium enterprises are seeking to enter overseas markets as they face mounting challenges at home, a poll by a local think tank showed Sunday.

According to the…

Singapore’s monetary policy regime centers around the management of the exchange rate rather than a policy interest rate. The Monetary Authority of Singapore estimates that the exchange rate has…

North Korean leader Kim Jong Un’s promise to build “socialist economic construction” in his nuclear-armed but impoverished and isolated country could herald more Chinese-style economic reforms,…

There were more than 700 million workers living in poverty in emerging and developing countries that were unable to lift themselves above the $3.10 per person daily threshold in 2017, the…

Vanilla is one of the world’s most popular seasonings and an important ingredient in products ranging from perfume to ice-cream; but it is no longer the staple it was around the world.…

The US has opened a probe into alleged coordination by AT&T Inc, Verizon Communications and a telecommunications standards organization to hinder consumers from easily switching wireless…

The biggest threats to global economic growth are government debt and protectionist leanings, European Union economy commissioner Pierre Moscovici said, underlining the challenges confronting…

Hong Kong must uphold its rule of law and diversify its economy to make Beijing’s “Greater Bay Area” project a success, according to local lawmakers on a five-city tour of mainland China, Xinhua…

A union of flight attendants for LATAM Airlines subsidiary LAN Express rejected a new contract offer from the Chile-based carrier on Friday, continuing a 10-day-old strike that has affected more…

Canada and Mexico said good progress had been made in talks with the United States to modernize the North American Free Trade Agreement and that ministers would meet again on Tuesday as they…

The eurozone’s economy needs strong global growth and open trade if it is to continue to prosper, the European Central Bank’s President Mario Draghi said on Friday.

Bill Mead of Houston is glad the tax cuts signed by President Donald Trump last year lowered the corporate tax rate, aligning it more with rates in other nations.