World Economy

Economists revised expectations for inflation in Argentina upward while slashing growth forecasts in a monthly central bank poll released on Friday, highlighting the challenges President…

General Motors’ South Korean unit plans to slash 5,000 jobs, or about 30% of its workforce, but keep production steady if Seoul agrees to its $2.8 billion proposal for the loss-making operation…

Tunisia’s central bank has said that the country’s foreign exchange reserves fell to 11.3 billion Tunisian dinars ($4.6 billion), Asharq Al-Awsat reported. The figure does not include more than…

The potential steel and aluminum tariffs are a "complete violation of WTO rules," said Matt Gold, the former US deputy assistant trade representative for North America under former president…

Germany’s economy minister on Saturday suggested tightening the rules on foreign investment, following concern over Chinese influence on European firms.

Last month it emerged that…

Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending.

The economy grew at an annualized pace…

The rate of unemployment in Ghana continues to increase despite the significant economic growth recorded over the last 12 months, as low absorption sectors such as mining, oil and gas, and…

Southeast Asia and Europe pledged Friday to speed up efforts for an elusive free trade deal, vowing to support open markets in the face of growing US protectionism under Donald Trump.

Singapore’s manufacturing sector started 2018 on a high and is still powering along, albeit at a slightly slower pace. The latest purchasing managers’ index—an early indicator of manufacturing…

Qatar banks’ assets and liabilities have increased QR3.1 billion ($850 million) to QR1.366 trillion by the end of January 2018, compared to previous month; and recorded an 8.3% growth or QR104.…

The European Commission is drafting a list of products upon which it could impose heavy taxes to send “a political message” to Donald Trump if the US president follows through on plans to impose…

South Korea plans to sell a combined 7.6 trillion won ($7.04 billion) in state bonds this month, the finance ministry said. But the final amount of debts to be sold could be larger because the…

Sri Lanka’s headline inflation, which consists of all items in the basket of Colombo consumer price index eased to 4.5% during the 12 months to February from 5.8% in January over the base…

For over a year, fishermen, miners and jobless graduates in northern Morocco have demanded more help from the government. To be fair, the government is acutely aware of the need to create more…

Japan’s unemployment rate fell to 2.4% in January, the lowest in over 24 years, and job availability remained at a four-decade high, government data showed Friday, Kyodo reported. The figures…

Warren Buffett’s wealth dropped $3.74 billion since Monday as US stocks tumbled for a third straight day, Bloomberg reported. Losses for the Berkshire Hathaway Inc. chairman topped those of…

The European Central Bank published new guidelines on Friday defining how eurozone banks should calculate how much capital and cash they must hold for their own safety.

The new…

Overall consumer spending in Saudi Arabia is expected to take a hit over the next couple of years as a result of the economic reforms being implemented in the Persian Gulf kingdom, according to…

International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a “complicated” US tax overhaul, including a near-term growth bump that risks…

The Greek economy is recovering, the stability program is ending in August and a gradual loosening and lifting of capital controls is expected, Daniele Nouy, the chair of the Supervisory Board…

The growth rates of the Russian economy should exceed global figures, which is the basic condition for a breakthrough, Russian President Vladimir Putin said in his address to the Federal…

Nigeria’s National Bureau of Statistics on Thursday released the capital importation report for the 2017 fiscal year, which indicated that the economy attracted a total investment inflow of $12.…

Switzerland’s economy powered ahead at the end of last year, building up steam for 2018 and prompting the government to declare an end to the “Frankenshock” that followed the lifting of a…

US President Donald Trump’s planned tariffs on steel and aluminum will distort global trade and cost jobs, Australia’s trade minister said on Friday, highlighting the risk of retaliatory…

Eurozone economic momentum has peaked, according to a majority of economists in a Reuters poll who also said the European Central Bank will drop its easing bias on stimulus by or at the June…