The Australian Broadcasting Corporation has warned hundreds of jobs are likely to be slashed after government funding cuts. Opposition leaders said reduced funding was retaliation for unfavorable…
World Economy
Russia is set to lose around $40 billion per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said Monday.
Annualized Consumer Price Index (CPI) inflation rates have eased to five-year lows in India, falling to 5.5% in October down from over 11% a year ago (even prompting some to believe that…
Worldwide business confidence slumped to a five-year low, with company hiring and investment intentions at or near their weakest levels in the post-global financial crisis era, according to a new…
The head of the European Bank for Reconstruction and Development (EBRD) attacked the idea of national targets for ownership of banks on Monday after Hungary signaled that it may take a…
Italy’s foreign trade surplus with non-EU countries rose to its highest level in more than 21 years, preliminary figures from Istat showed Monday. The trade surplus rose to €4.04b ($5.01b) in…
Germany’s Ifo business confidence indicator rose in November, as the outlook for Europe’s biggest economy begins to brighten, AFP reported. The Ifo economic institute’s closely watched business…
Egypt President Abdel Fattah al-Sisi visits France and Italy next week in his first European trip since the ouster of his Islamist predecessor, Middle East Online reported.
The Swiss National Bank (SNB) on Sunday repeated its opposition to a proposal that would force the central bank to boost its gold reserves, with just a week to go until Switzerland votes on the…
Brazilian President Dilma Rousseff’s new, still unconfirmed economic team is preparing budget cuts for 2015 that will be announced next week, a report said.
Not only do 805 million people go to bed hungry every day, with one-third of global food production (1.3 billion tons each year) being wasted, there is another scenario that reflects the nutrition…
China’s Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in California, the bank…
Germany and France plan to present a joint economic reform plan Thursday under which Paris would freeze wages and Berlin would hike public investment, a news report said.
For global governance watchers, this was the big week of the year. Between November 7 and November 16, the world witnessed an APEC meeting in Yanqi Lake near Beijing, complete with a…
With Russia’s economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising…
German Finance Minister Wolfgang Schaeuble said Sunday the European economic and monetary affairs commissioner should have veto powers over national budgets that breach eurozone criteria, AFP…
A planned merger by Switzerland’s Holcim Ltd and France’s Lafarge to create the world’s biggest cement maker might hurt competition in India, the country’s antitrust regulator says, asking the…
Russia’s future will be determined not by military force, but by economic might, head of the Committee for Civil Initiatives, former Finance Minister Alexey Kudrin told the Russian Civil…
Tokyo investors are likely to be cautious this week about a possible market downturn, analysts said, while political developments in Japan will be a focus ahead of an election next month, Arab…
China’s latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth…
As Japan slips into recession, South Korea is keeping an increasingly wary eye on its export rival’s free-falling currency, which is honing a lasting competitive edge over Korean products in a…
After deciding to scrap nuclear power, Germany is pondering saying goodbye to coal, its biggest energy source but also its top polluter and main threat to the ambitious climate goals.
India’s Finance Minister Arun Jaitley promised on Sunday to unveil a whole series of “second-generation” reforms to try to kick start the stuttering economy.
In an interview with the…
European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13t eurozone…
In-house calculations by the International Monetary Fund showed that Japan’s inflation rate, excluding the effects of foreign exchange fluctuations, has hovered around zero in 2014, Asahi Shimbun…
