World Economy

US Federal Reserve Chairman Jerome Powell said protectionism can hurt economic growth and potentially undermine wages, just as the US ratchets up trade tensions with commercial rivals as well as…

Don’t be fooled as Asian currency swings seemed to be impervious amid an uptick in volatility in its global emerging-market peers this month.

South Korea’s government dramatically cut its outlook on the job market while slightly lowering its growth forecast Wednesday, boding ill for President Moon Jae-in’s jobs-first agenda.

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Directors of Irish business have raised a warning flag to the government believing that the economy is overheating according to the Director Sentiment Monitor, a quarterly survey of director…

Hedge Funds ended the first half in negative territory as the escalating trade war roiled global markets. Funds declined 0.33% for the year and slid 0.64% in June, wiping out gains seen in May,…

Swedish telecom operator Telia Company is buying TDC’s Norwegian business in a $2.6 billion deal that adds broadband and TV to its services in Norway, Reuters reported. Telia will become the…

Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds ($11 billion), the state news agency said on Tuesday.

Former public enterprise minister, Khaled…

Thousands of workers walked off their jobs on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides…

The Swiss National Bank will continue tracking its eurozone counterpart as it inches along the path toward tighter monetary policy, despite buoyant economic growth.

Japan and the European Union signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade.

The ambitious pact signed in Tokyo runs counter to President…

An increasing number of African countries are now embracing the blue economy for its potential to deliver solutions to their most pressing development needs–particularly extreme poverty and…

Germany’s biggest lender has surprised the market by announcing projected profits of around €700 million($821 million) for the second quarter of 2018. The bumper results come nine days ahead of…

There are indications that investments in digital economy will generate $88 billion and create three million jobs for Nigerians before the end of 2021.

Rising trade tensions between the United States and the rest of the world could cost the global economy $430 billion, with America “especially vulnerable” to an escalating tariff war, the…

Italy’s recent bond shock showed that the financial derivatives market designed to insure against sovereign defaults hasn’t been killed off by doubts about whether those contracts would pay out…

On July 13, the executive board of the International Monetary Fund concluded the Article IV consultation with Canada. The 2018 Article IV consultation centered on policies to secure stronger,…

China could open its economy if it wished, European Commission President Jean-Claude Juncker said on Monday, with the European Union calling on countries to avoid a trade war even as pressure…

Asian stocks closed lower on Monday as investors digested the release of a barrage of China economic data, shrugging off the gains seen stateside in the previous session. This is while European…

Gold prices recovered from a seven-month low on Monday, as the dollar traded below its recent highs and after sluggish GDP data from China weighed on Asian stocks. Spot gold was up 0.2% at $1,…

Turkey’s central government budget balance recorded a deficit of some 46 billion Turkish liras ($11.2 billion) in the first half of this year, the ministry of treasury and finance announced on…

The untold story of the world economy—so far at least—is the potentially explosive interaction between the spreading trade war and the overhang of global debt, estimated at a staggering $247…

The volume of construction output in Hungary was 15.1% higher in May 2018 than a year earlier, based on monthly raw data from the Central Statistical Office, BBJ reported. Output increased in…

China is confident it can cope with a more uncertain second half of the year in maintaining a steady and positive foreign trade growth momentum, the general administration of customs said…

One of Russia’s largest banks, VTB is seeking to decrease the share of US dollar transactions at home as locals are choosing the Russian ruble over the greenback.

Companies that deliberately fail are costing the Australian economy billions of dollars every year, a report has found.