Russia’s Reserve Fund could be completely depleted in the two-year time if the current negative tendencies persist in the year 2015, the head of the Russian Audit Chamber, Tatiana Golikova says.…
World Economy
HTC, a global leader in technology innovation and design, says it has heralded a new era of innovation, and an exciting new direction for the business, with the introduction of a suite of…
More than 1.2 billion people are living on less than $1.25 a day and 2.4 billion are living on less than $2 a day, UN Secretary-General Ban Ki-moon said.
Investors may have over-reacted to signs of economic slowdown, although they have been right to price in weaker global growth prospects, the Bank of England’s chief economist said.
“What we…
India is poised to become a $2 trillion economy this year, while its GDP size would cross another milestone of $3 trillion after five years in 2019, according to IMF’s latest world economic…
The fourth Global Green Growth Forum (3GF) convening a select high-level group of 250-300 green growth leaders and decision-makers will take place on October 20-21, 2014 in Copenhagen, Denmark.…
Rosselkhoznadzor, Russia’s agricultural watchdog, temporarily banned imports of meat by-products from the European Union over violations of veterinary-sanitary requirements.
The euro zone is not heading for another recession, the outgoing president of the European Commission Jose Manuel Barroso said on Sunday. Growth in the euro zone economy ground to a halt in the…
Young people are “the losers” in the economic recovery, the UK government’s social mobility adviser has claimed. Alan Milburn, a former Labor MP, said it was “depressing” young people were losing…
Shares in Europe and US have rebounded after a turbulent week in which stock markets tumbled to multi-month lows.
On Friday US stocks closed more than 1% up, with the S&P 500 posting…
Two days after Matteo Renzi presented Italy’s 2015 budget, it is emerging that the prime minister’s claims of unprecedented tax cuts to revive a stagnant economy are not exactly as he…
Canadian manufacturing sales fell 3.3% in August to $52.1 billion, Statistics Canada reported, the first decline in 2014. The decrease mostly reversed the gains recorded in June and July. The…
First they spoke of an imminent decrease in unemployment; then, of a decreasing increase. Now, halfway through their term and with jobs still shedding, France’s ruling Socialists vow to “speak the…
Singapore’s plans to cut reliance on foreign workers could reduce its competitiveness and growth potential while keeping core inflation elevated, the International Monetary Fund said in a report…
Argentina will launch a new two-year sovereign bond on Oct. 23 for up to $1 billion, denominated in US dollars and paid in the local peso currency, the Economy Ministry said in a…
Former director of the Organization for Economic Cooperation and Development (OECD) Mario Pezzini and former president of European Commission and United Nations’ former special envoy for Sahara…
That’s essentially the question Federal Reserve Chair Janet Yellen raised Friday in a speech on the widening gap between rich and poor in the United States.
Lockheed Martin, the American defense contractor, has claimed a major breakthrough in nuclear fusion as an energy source, DW reported. The company said it would build and test a compact fusion…
London has become more negative than positive (-12) regarding the country’s financial situation, despite being more positive in August (+5), while Northern Ireland also saw a significant drop in…
The global stock market slump increases South America’s reliance on Chinese investment. But friendship has its limits, writes DW columnist Frank Sieren.
Gold prices fell Friday as a relief rally in US equities sapped investor appetite for haven assets like precious metals.
The most actively traded contract, for December delivery, fell $2.20…
For the past few years Germany has been a shining exception to Europe’s economic weakness. But suddenly the Teflon Teuton is in trouble. Germany’s GDP fell in the second quarter and more recent…
Russia and China have agreed to formulate the principles on which Chinese companies may join the Moscow-Kazakh high-speed railway project within weeks, the first deputy president of the Russian…
Moody’s downgraded Russia’s debt by one notch Friday, citing the ongoing conflict in Ukraine, capital flight and falling oil prices, CNN reported. The debt rating is now Baa2, just two…
Philippine inflation may have already reached its peak when it hit 4.9% in July and in August but upside risks such as the pending adjustments of power rates remain, Xinhua reported. Bangko…
