World Economy

The internet has changed the way most people live. Through internet related technological innovations such as the Internet of Things, big data and e-commerce, a lot of day to day tasks have been…

Germany’s new Finance Minister Olaf Scholz warned on Sunday that protectionism could harm future economic prospects and said Germany would continue talks to dissuade the United States from…

Credit rating agency Standard &Poor’s keeps the rating for Finland unchanged at AA+, said the agency late Saturday. The agency noted in its statement that the prospect for Finland is stable…

Qatar has asked US regulators to investigate the US subsidiary of the largest bank in the United Arab Emirates, accusing it of “bogus” foreign exchange deals designed to harm its economy as part…

Few weeks after the launch of the gradual dirham float, the International Monetary Fund has advised Morocco to maintain the current reform pace with a view to strengthening the economy’s…

The European Union will next week unveil plans for a digital tax on US tech giants like Facebook, Amazon and Google as transatlantic tensions flare over prospects of a trade war. The move is…

Import prices for apparel and daily goods in Japan plunged last year, as growing labor costs in China push companies to automate or move production to Southeast Asia.

US President Donald Trump’s steel tariffs have brought the prospect of a trade war closer to reality. The European Union warns that it has “a whole arsenal at our disposal with which to respond…

Zimbabwe expects to make up for all its debt arrears of $1.7 billion to major international lenders by September and could return to international capital markets thereafter, the Reserve Bank…

Lenders have been hit by the fallout from western sanctions over Russia’s annexation of Crimea and impact of a sharp fall in oil prices on the country’s foreign currency earnings.

The IMF Managing Director Christine Lagarde expressed optimism about the Chinese economy and assured that there is no reason to worry about Beijing’s expectations of growth slowdown to 6.5% in…

Over 25,800 fraud cases involving about Rs179 crore ($1.79 billion) related to credit/debit cards and Internet banking were reported in India up to December 21, 2017, the parliament was informed…

Household debt in proportion to gross domestic product soared to a record high at the end of the third quarter last year, according to data from the Bank for International Settlements.

Germany is trying to stimulate domestic demand to offset strong exports, but wants a keen appetite for German products to continue, Chancellor Angela Merkel said in a video podcast on Saturday…

Gaza has seen conditions steadily deteriorate over the last two decades, leading to collapsing of the economy and basic social services, the World Bank said in a report.

Japanese airline group ANA Holdings has decided to consolidate a pair of budget carriers under its wings by 2020 to create a more robust organization better positioned to compete in the growing…

Pakistan’s foreign direct investment surged 15.6% in the eight months of current fiscal year largely drawing strength from massive Chinese inflows under China-Pakistan Economic Corridor projects…

African sovereign have now issued $12.80 billion of Eurobond in 2018 ahead of a United States Federal Reserve rate hike as investors continue to hunt for attractive yields, AllAfrica reported.…

The Organization for Economic Cooperation and Development’s highly anticipated interim report on taxation in the digital economy, released Friday, delivered few answers, admitting a wide gulf…

The volume of global trade grew faster than the world economy in 2017 for the first time in six years, as rising demand for semiconductors added fuel to the industry’s far-reaching supply chains…

It’s nearly springtime in Athens: street trees are heavy with citrus, wildflowers are erupting in the pine-scented hills and the air is thick with talk of a Greek exit. But not the kind of exit…

India’s banking crisis is at the heart of the country’s economic woes, Morgan Stanley’s chief global strategist Ruchir Sharma said at the News18 Rising India Summit on Saturday.

The US national debt exceeded $21 trillion for the first time on Thursday, a little more than six months after it hit first $20 trillion on Sept. 8. The national debt was $21.031 trillion on…

Saudi Arabia’s real estate market continued to be one of the world’s worst performing in the last three months of 2017, according to new figures. Knight Frank’s Global House Price Index Q4 2017…

Moody’s Investors Service downgraded the long-term issuer and senior unsecured bond ratings of the Oman government by a notch to Baa3, citing larger fiscal deficits and the ongoing weakening of…