World Economy

The European Union’s top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US President Donald Trump will spark an all-out global trade war.

Inflation in Russia will exceed the target of 4% in 2019, but drop again below that level in 2020, Economic Development Minister Maksim Oreshkin said in an interview aired by the Rossiya-24 TV…

The International Monetary Fund expects Argentina’s government debt to peak by the end of 2018 and then fall as the country cuts its deficit as part of its $50 billion deal with the fund,…

The labor and employers communities in South Korea have reacted differently to next year’s minimum wage.

Turkey was cut deeper into junk territory by Fitch Ratings, which cited the nation’s widening current-account deficit, rising inflation and declining economic policy credibility, Bloomberg…

The trade war between the US and China is continuing to intensify, leaving some worried about the potential consequences for global growth.

The European Commission has released new economic growth forecasts. Europe's major economies are expected to grow in the next two years—but at a slower rate than the commission had previously…

Almost half (47%) of employees in Asia Pacific, or APAC, see the rising digital economy as a threat to their jobs, according to a new report by Workday, a leader in enterprise cloud applications…

Moody’s expects an upsurge in the earnings of Russian steelmakers on the back of the country’s economic uplift, Tass reported.

US consumer prices recorded their largest increase in nearly 6-1/2 years in the year through June, while the monthly pace continued to suggest a steady buildup of inflation that could keep the…

The International Monetary Fund is expected to make the case that the global economy is approaching a crossroads due to slowing growth and trade disputes, NHK World reported. Sources say the IMF…

Nasscom, the National Association of Software and Services Companies, says AI funding in India has gone up from $44 million to $73 million in a year. Investors are now keen to back “mature”…

Lebanon Central Bank Governor Riad Salameh said Thursday that he expected the economy to grow to 2% in 2018. Inflation will be between 4 and 5%, he told an economic conference in Beirut.

Recent negotiations between North Korea’s Kim Jong-un and US President Donald Trump have provided a glimmer of hope for the hermit kingdom’s economic outlook.

The Turkish lira recovered some losses Thursday hours after it hit record lows. New Treasury and Finance Minister Berat Albayrak, President Recep Tayyip Erdogan’s son-in-law, sought to reassure…

Statistics Finland on Thursday confirmed that the economy grew by 2.8% year-on-year in 2017–0.2 percentage points more than it estimated in March.

Finland’s gross domestic product, or…

The World Bank on Friday said it maintained its economic growth forecast for the Philippines despite global uncertainty, ABS/CBN reported. Gross domestic product may grow by up to 6.7% in 2018…

Its high time Americans called Trump by his real name—traitor, perhaps this country's worst traitor ever.

China broke into the world’s top 20 most-innovative economies as Switzerland retained its number-one spot in the Global Innovation Index ranking published annually by Cornell University, INSEAD…

When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them,…

European stock markets were mired in red on Wednesday, as traders fretted over the fallout from a potential global trade war after the US said it plans to hit Chinese goods with another $200…

Standard & Poor’s warned of the negative effects of increasingly centralized power in Turkey after President Recep Tayyip Erdogan appointed his son-in-law to head the treasury and finance…

Australia is preparing to ban Huawei Technologies Co Ltd from supplying equipment for its planned 5G broadband network after its intelligence agencies raised concerns that Beijing could force…

Malaysia’s central bank left its benchmark interest rate unchanged in the first policy meeting under a new governor, providing support to an economy that Prime Minister Mahathir Mohamad is…

The Bank of Namibia projects the country’s real GDP growth to fall from 0.8% in 2017 to 0.6% in 2018 and rise to 1.9% in 2019, AllAfrica reported. However, the growth projections are weaker than…