World Economy

You don’t have to be a digital whizz kid to know that the wars of the future are likely to be fought somewhere in cyberspace. The threat from cyber attacks has grown rapidly—and corporate Europe…

Fitch Ratings raised Greece’s sovereign credit rating by one notch on Friday and said general government debt sustainability would improve on sustained economic growth and reduced political…

After two years of the Bank of Japan guiding key interest rates into negative territory, lenders here have seen loan rates slide toward zero, pushing financial institutions to reassess their…

The Egyptian central bank cut its key interest rates by 100 basis points, the first time since a currency float in 2016, as inflation rates hit their lowest levels in at least a year, Reuters…

Singapore is expected to raise goods and services tax for the first time in more than a decade sometime in the fiscal year starting in April, say economists. 

Francis Tan, an…

With an economic downgrade to junk status, a slowly growing economy and an increasing deficit, many economists believe that  South Africa’s 2018 budget will see tougher measures introduced…

Forty-three World Trade Organization members who participated in a question and answer session at the recent two-day 7th Trade Policy Review of Malaysia, in Switzerland, commended the country…

Venezuela’s new ‘petro’ cryptocurrency will attract investments from Turkey, Qatar, the United States and Europe, the country’s cryptocurrency regulator said on Friday.

The government of…

An ongoing blockade of Qatar by a Saudi-led group of countries is “futile”, the Qatari emir has said, warning that the months-long crisis is undermining the region’s security and economic…

France is to broaden the scope of legislation which can be used to veto foreign takeovers, extending it to the fields of artificial intelligence, microchips, space and data storage, Prime…

IMF Managing Director Christine Lagarde said the Trump administration’s $1.5 trillion tax cut could prompt other nations to follow suit, fueling a “race to the bottom” that risks hemming in…

The International Monetary Fund on Friday raised Turkey’s growth forecast for 2018 by 0.5 percentage points to 4%, Anadolu Agency reported. The IMF also said it expects Turkey’s economy to…

Global inflation is finally on the rise, the bond market has apparently declared, but the data do not yet point firmly to that conclusion, suggesting the low trend in place since the financial…

Colombia’s economy grew at its weakest pace in nearly a decade in 2017, capping a nightmare year for finance minister, Mauricio Cardenas.

Rising prices are more of a threat to the global economy this year than joblessness, according to Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 66 economies.

Gold eased from a three-week high on Friday as the dollar index rebounded from an earlier three-year low, but was still on track for its biggest weekly gain in nearly two years on the back of…

Tunisia’s economy grew 1.9% in 2017 compared with 1% in the previous year, official figures showed on Thursday, Reuters reported. 

A global deal on output cuts between OPEC and non-OPEC countries to shore up oil prices may hit Russia’s economy in 2018, the central bank said in statement on Friday, Reuters reported.

Asian stocks rose on Friday after US shares extended their winning streak to five sessions overnight, shrugging off concerns over inflation and higher interest rates.

Widerven Villegas and his brother wash some 30 cars a day at a parking lot in Caracas. Despite charging less than 50 cents, nobody pays them in cash.

Retail sales saw only a slight pick-up in January as rising prices continued to dampen shoppers’ spending. UK sales volumes rose by just 0.1% in January from the previous month, the Office for…

Unknown hackers stole 339.5 million rubles ($6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday.

Ireland’s economy will be hit hard by the impacts of Brexit whatever the outcome of negotiations between the UK and the European Union, Dublin has been warned in a project fear report.

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The good news keeps coming for the French economy: data published Thursday showed unemployment at its lowest level since 2009 while the head of the IMF praised recent reforms by President…

America’s biggest foreign creditor is opening its wallet wider. China’s holdings of US government debt swelled to $1.18 trillion by the end of 2017, up $127 billion from a year earlier,…