World Economy

As Ethiopia is constructing a multi-billion dollar dam project on the Nile among several power-generation projects, European partners are chipping in with an off-grid electrification project that…

General Electric Co said it has signed a definitive agreement to sell its appliance business to Electrolux AB for $3.3 billion, Reuters said. GE said the transaction has been approved by the…

Sharp Corp is looking to sell its US-based solar energy development unit Recurrent Energy, Bloomberg reported on Monday, as the Japanese firm winds down its involvement in the solar industry to…

Germany posted a record trade surplus of 22.2 billion euros in July, suggesting Europe's largest economy could bounce back strongly in the third quarter after suffering a surprise contraction in…

A top US Senate Democrat’s proposal to limit future deductions for companies that moved tax addresses out of the US as many as 20 years ago would penalize dozens of so-called inversion deals.

General Motors CEO Mary Barra unveiled plans to make driving safer through hands-free technology, after a string of recalls that has dogged the company.

GM's top-of-the-line Cadillac brand…

Russia aims to boost its economic ties with China, particularly in the energy sector, in the face of Western sanctions over Ukraine but this could prove a high-risk strategy.

China will become the world's largest economy in 2024, as the country's consumer spending is expected to almost quadruple from 2013 to 2024, said IHS Inc., a global industrial data and analysis…

Russia's Gazprom Bank and oil producer Gazprom Neft will fall under new sanctions approved by the European Union. The sanctions reportedly include a new ban on raising capital in Russia.

…

Daimler will increase output at its Alabama Mercedes-Benz plant by 60,000 vehicles annually as it increases production of the C-Class sedan. The automaker is also adding a new sports utility…

Malaysian oil and gas (O&G) and energy companies have been urged to tap into the vast opportunities in Mexico which has recently opened its O&G and electric industries to private and…

The euro zone's struggle to avoid another recession will take center stage in the coming week in the absence of major US data, as investors mull whether the ECB's new asset-buying plan is a…

Saudi Agriculture 2014, the 33rd international agriculture, water and agro-industry trade show, organized by the Ministry of Agriculture for international and local companies to showcase new…

Prime Minister Narendra Modi has scored high on overall performance during his first three months in office, but many are disappointed with his new administration's efforts to bring down inflation…

Chinese steel companies saw their debts approach alarming levels in the January-June period, with steelmakers having filed their half-year results to stock exchanges by the end of August.

Reserve Bank of India Governor Raghuram Rajan said in a speech in Chicago that aggressive monetary policy by developed economies may hurt global growth by pushing emerging markets to pile up…

Bahrain has been named the (P)GCC's leading Islamic finance market and second out of 92 countries globally, according to the ICD-Thomson Reuters Islamic Finance Development Indicator (IFDI).

Mario Draghi signaled at least 700 billion euros ($906b) of fresh aid for his moribund economy and left a fight with Germany over sovereign-bond purchases for another day.

Business activity in Egypt grew at its sharpest rate in eight months in August, a survey showed, as the economy rebounded strongly from the initial shock of cuts in energy subsidies last month.…

Seasonally adjusted GDP remained stable in the euro area1 (EA18) and rose by 0.2% in the EU28 during the second quarter of 2014, compared with the previous quarter, according to second estimates…

Britain's top shares fell back today from recent 14-1/2 year highs as under-pressure metals prices took their toll on mining stocks, though shares in oil major BP managed a recovery.

Shares…

Finance, labor and education leaders have urged a fresh approach to address unemployment in the Arab world as figures show 20 million Arabs do not work.

The leaders have gathered in Riyadh…

Although the iPhone 6 is sure to steal the spotlight at Apple’s media event on Tuesday, everyone is interested to see whether or not Apple will reveal its first entry into the wearable market. You…

Over 1,500 kilometers long, the Yalong River flows from the Tibetan Plateau to southern China, its middle and lower reaches meandering through the narrow valleys of Sichuan province before joining…

Turkey has found itself in the midst of an unprecedented agricultural crisis as a result of periods of drought, frost and excessive rainfall this year, said Turkish Union of Agricultural Chambers…