World Economy

North Korea’s trade volume shrank 15% on-year in 2017 due largely to the implementation of strong international sanctions, KBS reported. In a report released on Monday, the Korea Trade-…

Japan reported a current account surplus of ¥1.94 trillion ($17.6 billion) in May, marking the 47th straight month of black ink thanks to a surge in returns on foreign investments, government…

Once marketed with great fanfare as an “epoch-making gala for investors,” the six Chinese “unicorn” funds quietly began operations on Monday—alongside Xiaomi Corp’s lackluster Hong Kong debut—…

A widely watched measure of eurozone capital flows suggests that Italy’s debts to the European Central Bank are set to hit €500 billion this summer, reflecting the eurozone’s persistent…

South Africa’s captains of industry sentiment in the first quarter plunged 20.9% between the first quarter of 2018 and the second quarter on the back of policy uncertainty and the weak rand.

France insisted on Sunday that Washington should expect united retaliation from Europe to further tariff increases, even as Germany signaled that it was prepared to negotiate, Reuters reports.…

Global debt is becoming a bigger worry as the global policy tightening cycle takes hold, a top boss at the World Bank warned Monday.

Saudi Arabia is moving ahead with plans to curtail its dependence on foreign labor, but the intended benefits haven’t yet trickled down to the country’s own nationals as intended.

Pakistan’s next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years,…

Cameroon’s economy is expected to grow 4% this year, up from 3.2% in 2017 due to the start of natural gas production and construction work for an upcoming soccer tournament, the International…

Mongolia’s economic performance has improved dramatically with GDP growth increasing from 1.2% in 2016 to 5.1% in 2017 and 6.1% in the first quarter of 2018, Montsame reported.

South Korea’s central bank will likely hold its policy rate unchanged at the current 1.5% at its upcoming monetary meeting next week due to still low inflation pressure and rising uncertainties…

Business leaders and scholars from the world’s leading economies have criticized the trade war initiated by Washington that will have profoundly negative consequences.

The US additional…

On July 6, SIX, the owner and operator of the Swiss stock exchange, revealed plans to launch a fully regulated cryptocurrency exchange. Its announcement signals a strong endorsement from one of…

Russia imposed extra duties from 25 to 40% on import of certain US goods in response to steel and aluminum duties earlier set by the US, the ministry of economic development said late Friday.

China remains open for trade with foreign partners and can only benefit from an economically strong Europe, its leader said on Saturday as he pressed for expanded ties with the continent’s…

Mexico’s next government will press ahead with president-elect Andres Manuel Lopez Obrador’s plan to cut the value added tax rate in a strip along the US border, probably to 8% from 16% now, a…

European states have given the go-ahead for a free trade deal with Japan, the world's third-largest economy. Brussels said the agreement was sending "a very powerful signal against protectionism…

All is not well for the Argentine economy. Despite the recent approval of a $50 billion IMF support package and the maintenance of sky-high domestic interest rates, the Argentine peso is again…

Since 2014, Spain has been growing at rates higher than those of most other European countries. During these years, Spain has recovered the competitiveness lost before the crisis. Inflation,…

German industrial output bounced back in May, suggesting that factories in Europe’s largest economy are gathering steam again after a weak start to the year, but Finance Minister Olaf Scholz…

Italy’s new government plans to raise its deficit target for 2019 to around 1.4% of economic output against a goal of 0.8% drawn up by the previous administration, two sources said on Friday.…

The Italian economy slowed down slightly in the first half of the year amid international trade tensions and the growing spread between the country’s benchmark 10-year government bonds and their…

Russian President Vladimir Putin on Thursday said the Russian economy was showing “positive trends” but called on improving the “quality of people’s lives” during a meeting with government…

France’s shortfall widened sharply in May, denting hopes for a rebound in net trade over the next quarter, economists said. According to the French statistics office, the country’s external…