World Economy

The US space agency NASA is about to send up a satellite that will provide vital data for predicting future effects of CO2 by taking the measure of the planetary carbon budget, RTCC reported…

More than 1,000 companies and investors have joined up with governments responsible for 54% of greenhouse gas emissions to call for a carbon price.

Shell, Nokia and Lego are among the big…

A senior official of the World Bank ( WB) said on Tuesday that at least 68 million of Indonesian people are at risk of poverty, as their earnings are slightly above poor families, Xinhua reported…

The volume of aluminum production in the Persian Gulf region is expected to increase to five million tons by 2015, accounting for 17.5 percent of the total global output, compared with 3.7 million…

Russia’s automotive industry leader AvtoVAZ has launched a layoffs campaign. The staff of managers, specialists and office workers will be downsized by 2,200.

Germany’s economy remains robust, the country’s central bank said on Monday, predicting a generally positive end to the year despite a slowdown so far. In its monthly report for…

 Italy on Monday revised up its gross domestic product for 2013 after a series of methodological changes and as a result the budget deficit and public debt-to-GDP ratios were lowered,…

Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money. The Bank of…

Prime Minister David Cameron is hosting talks to discuss limiting the rights of Scottish MPs in Westminster at a summit held at Chequers. In order to encourage Scots to reject independence, all…

The G20 finance summit ended Sunday in Cairns, Australia with a commitment to a 1.8 percent growth target designed to boost the world economy by $2 trillion.

The world's most powerful…

The Middle East is the most dynamic infrastructure investment market for investors, according to the second ARCADIS Global Infrastructure Investment Index.

German engineering company Siemens AG announced a deal to acquire US oil-equipment maker Dresser-Rand Group Inc. for $7.6 billion. The Houston-based company is…

Chinese investors are ready to pump in billions of dollars in investments in India but are looking to the Indian government for a “little more” investment-friendly environment, a report in the…

Concern about a potential slowdown in China hit global stocks and commodities on Monday while signs of disagreement between major economic powers on the need for extra stimulus further clouded the…

The US-based John J. Heldrich Center for Workplace Development at Rutgers published the results of a nationwide survey on the attitude of Americans towards the recession. According to the report,…

Turkey’s Ministry of Economy Nihat Zeybekci issued the “Foreign Direct Investment (FDI) Data Bulletin” regarding July 2014 in which net FDI was announced as $1,030 billion, while total FDI was…

Bahrain Steel has completed a $340 million loan with a group of regional and international banks which will be used to repay existing debt and fund its general business purposes, the company said…

Expanding public transportation, walking, and biking in cities could save more than $100 trillion in public and private spending between now and 2050.

A new report shows that…

Caked with mud and soaked in putrid water, Qazi Mohammad Yahya’s ruined handmade carpets and Pashmina shawls reflect Indian Kashmir’s economic devastation from the region’s worst floods in a…

As investment in rail projects accelerates throughout the region – with at least some $167b-worth of active future rail or metro projects planned and un-awarded in the Middle East, early action…

Europe’s banks may be on the point of a turnaround as economic growth returns to the continent and the European Central Bank prepares to review the industry’s assets, said Kinner Lakhani, Citi…