World Economy

Hungary’s economy grew by an annual 4.8% in the second quarter of 2018, up from 4.4% in the previous quarter, the Central Statistical Office said on Wednesday. Its second Q2 reading was revised…

The sale of Islamic bonds in the Persian Gulf Arab countries fell in the first half of 2018 as increasing oil prices lessened the region’s need to plug government deficits with additional…

China is the largest trading partner of North Korea and coal is the primary export, according to a report Wednesday on the North Korean economy.

The report by the Korea Development…

Lebanon’s private sector business activity recovered slightly last month from the 21-month low reached in July, but was still at the second-lowest level since October 2016, according to a new…

Strong action to combat climate change could cumulatively add at least $26 trillion to the world economy by 2030, according to a study on Wednesday which seeks to dispel fears that a shift from…

Jordan’s unemployment rate during the second quarter of 2018 was 18.7%, according to the department of statistics quarterly report on the unemployment rate in the kingdom, Albawaba reported. The…

Amazon became the second big US company to hit $1 trillion in stock market value in the latest demonstration of the rising clout of American technology heavyweights.

The online retail…

Markets have a very short attention span. Like babies, they move on quickly from one toy, or in this case an event, to another.

For instance, markets seem to have moved on from the…

Argentina “made progress” on Tuesday in talks with the International Monetary Fund aimed at securing an accelerated disbursement of a $50 billion loan it hopes will calm its debilitating…

Egypt is targeting a budget deficit of 8.4% of GDP for the 2018-19 fiscal year that ends in June, compared with 9.8% in the previous year, Finance Minister Mohamed Maait told a news conference…

With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of the sovereign wealth fund spearheading a risky plan to diversify its economy…

Argentine farmers may delay wheat sales and plant less corn this year after the government announced a roughly 10% export tax on the grains on Monday as part of an austerity program designed to…

The exit from crisis-era stimulus by the world’s central banks won’t be an easy ride, and previous market turmoil could well be repeated, according to the Organization for Economic Cooperation…

Alibaba Group Holding has filed more than 10% of the world’s patent applications for blockchain in a sign of China’s ambitions to dominate the next generation technology in uses beyond…

Dutch prosecutors said on Tuesday they had settled a money laundering case with lender ING Groep NV for €775 million ($900 million). Prosecutors said they blamed ING for violating the country’s…

Gold slipped on Tuesday as concerns over an escalating trade conflict between the United States and China battered emerging market currencies and prompted investors to seek perceived safety in…

Expansion of the United Arab Emirates’ non-oil private sector slowed to a five-month low in August as total employment shrank for the first time on record, a survey of companies showed on…

The South Africa economy is in recession for the first time since 2009 following two consecutive quarters of negative GDP growth. So it seems that Ramaphoria–the positive wave brought by…

The Kushner family real estate firm has amassed over half a million dollars in unpaid fines for various New York City sanitation and building violations, much of that bill incurred while…

France’s Societe Generale expects penalties relating to its dispute with US authorities over international sanctions violations to be close to €1.2 billion ($1.4 billion) which would almost…

The top solar manufacturers in China are boosting production capacity, betting higher output will help them seize a bigger chunk of the global market that is set for its first-ever annual…

Caviar, chocolate and stretch limousines could get a whole lot more expensive in Indonesia as the government takes steps to curb imports and halt a sliding currency.

Turkish banks may have to pay up once again as they rush to meet $6 billion of financing deadlines amid the country’s worst economic crisis in years.

Denmark’s government wants to introduce stricter laws to target bank executives and make sure top management can be held accountable for misdeeds conducted anywhere in an organization, including…

If someone is of the mind that emerging markets are in the doldrums, Brazil is one of those countries that serves the example. Its currency is one of the weakest against the dollar this year.…