World Economy

A full-blown trade war could cost the global economy $470 billion, according to Bloomberg Economics.

The US decision to slap tariffs on steel and aluminum may just be the beginning, with…

The Organization for Economic Cooperation and Development on Tuesday upgraded its global growth forecasts for this year and next year, while also warning over the risk presented by trade…

Labor shortages are threatening to undermine Germany’s economic recovery as companies struggle to fill around 1.6 million vacancies, the DIHK Chambers of Industry and Commerce said on Tuesday,…

Ghana’s macroeconomic performance improved in 2017 after a difficult 2016. The country’s economy expanded for the fifth successive quarter in September 2017; at a rate almost double that of 2016…

The current level of the country’s debt proves that Malaysia’s economy has been well managed, according to an expert on the economy. Harvard graduate Isham Jalil said this was true as the…

More women are less likely to participate in the labor market and more likely to be unemployed in most parts of the world, the International Labor Organization has said.

Southeast Asia’s largest banks are riding the region’s rapid economic growth to higher earnings as demand for wealth management services rises and mainstay savings and lending operations expand…

Jordan has suspended a free trade agreement with Turkey as the deal negatively affected local industries, state-run Petra news agency reported Monday. The Jordanian cabinet decided to suspend…

Asia's central bankers are about to have their mettle tested, and they know it. "Stay calm on the weakening of the Hong Kong dollar," Norman Chan, chief executive of the Hong Kong Monetary…

The European Union said Europe would not waver against trade “bullies” as a row with US President Donald Trump over controversial steel and aluminum tariffs deepened.

The jab from…

Indian private sector firms are feeling less upbeat in February compared to October, according to IHS Markit’s India Business Outlook survey. Business activity, new business, profitability and…

If African countries are to take advantage of the enormous number of young people who will be entering the job markets with great energy and entrepreneurial talent at a time when the rest of the…

China’s government announced plans Tuesday to create a newly powerful regulator to oversee scandal-plagued banking and insurance industries as they try to reduce debt and financial risks.

Gold prices stagnated on Monday, drifting slightly higher after putting in some wide swings during Christmas week. At last check, gold for February delivery -0.10%  was up 40 cents to $1…

When it comes to abandoning cash, Sweden is going it mostly alone. While cash in circulation in the Nordic region’s largest economy has dropped rapidly in recent years, the amount of notes and…

Romania’s exports of goods increased by 15.9% year-on-year in January to €5.42 billion ($6.66 billion), but were outpaced by imports, government data showed on Monday, Business Review reported.…

Turkey’s lira slid against the dollar and euro after the current account deficit more than doubled in January, increasing concern about the government’s economic policies, Anadolu Agency…

Venezuela’s Petro is the first cryptocurrency purportedly backed by natural resources. According to President Nicholas Maduro, the sale of his pet cryptocurrency has raked in over $5 billion…

Japanese manufacturers and major trading firms are again showing strong interest in Brazil. The Brazilian economy has been sluggish for many years, but it has begun to turn around for reasons…

Eurozone inflation may need more time to rise than anticipated as spare capacity is taking longer to exhaust but the European Central Bank should not accept price growth below its target,…

Western Digital will invest about 500 billion yen ($4.68 billion) over the next three years in a memory chip venture with Toshiba, helping their joint operations recover after a bruising legal…

China, Canada and Hong Kong are among the economies most at risk of a banking crisis, according to early-warning indicators compiled by the Bank for International Settlements.

Companies in Britain and the European Union face an extra $80 billion in annual costs if there is a no-deal Brexit, with Britain’s vast financial sector set to be the worst-hit industry,…

One of the world’s biggest cryptocurrency exchanges is going on the offensive to deter hacking attempts that have plagued the industry.

Scotland’s private sector economy slipped back into reverse last month, and inflationary pressures intensified, a key survey shows.