Consumer spending and business investment kept the eurozone economy humming along in the second quarter, with the wheels greased by the European Central Bank’s ultra-loose monetary policy.
World Economy
Saudi Vision 2030, the brainchild of crown prince, Mohammed bin Salman (aka MBS) , to reduce the kingdom’s dependence on oil income, is coming undone. The king has stripped away the central…
Trade ministers from 16 countries in the Regional Comprehensive Economic Partnership confirmed that they will try to reach a broad agreement by the end of the year during a two-day meeting that…
Canada’s top trade negotiator said on Friday she and her US counterpart were making “very good progress” in talks to save the North American Free Trade Agreement amid increasing Canadian…
Argentina’s central bank governor, Luis Caputo, said on Friday that government financing for 2019 was more than sufficient and that high yields on the country’s sovereign debt were “exaggerated…
China’s trade surplus with the United States widened to a record in August even as the country’s export growth slowed slightly, an outcome that could push President Donald Trump to turn up the…
The inevitable march toward automation continues, analysts from the McKinsey Global Institute and Tata Communications wrote in separate reports this week.
Italy’s economy is in such a fragile state that even a minor recession could be very dangerous, according to a former director at the International Monetary Fund.
Italy’s coalition…
Cyprus’ gross domestic product growth expanded by 0.8% in the second quarter of this year compared to the first quarter, double the 0.4% growth rate in both the eurozone and the European Union,…
Fears of the negative impact of Brexit are pushing a growing chunk of Leave voters towards wanting to remain in the EU, leading polling expert John Curtice has told Business Insider.
Global markets were mixed on Friday as traders mulled over the effects of possible US tariffs on $200 billion in Chinese goods in a simmering trade dispute.
Japan’s household spending rebounded modestly in July as higher bonus payments pushed up real wages, offering policymakers some hope a sustained economic recovery and a tight job market are…
Philippine central bank Governor Nestor Espenilla flagged another interest-rate hike to curb inflation and said an out-of-cycle policy meeting is an option, while warning he will go after…
Indian airlines are expected to post combined losses of up to $1.9 billion this financial year led by full-service carriers like Air India and Jet Airways are driven by rising costs and low…
Much has been said about the importance of a trade deal with the US for the Canadian economy, as officials from both sides of the border continue to try to hash out a new agreement.
But…
The Persian Gulf Arab state of Qatar on Friday said it would invest €10 billion ($11.6 billion) in Germany over the next five years, including the possible creation of a liquefied natural gas…
Germany has a “strategic interest” in a sound economic development in Turkey, Chancellor Angela Merkel said Thursday. In an interview with German RTL television, Merkel said Germany and Turkey…
Macroeconomic data showed that Germany’s seasonally adjusted factory orders unexpectedly eased 0.9% on a monthly basis in July, weighed down by US President Donald Trump’s protectionist policies…
Overseas investors are buying an increasing amount of yuan-denominated bonds despite fluctuations in the yuan in recent months, and experts said it shows that overseas investors have confidence…
Russia has major challenges ahead in terms of improving its competitiveness on the world stage, but its current and former officials remain positive despite mounting western sanctions.
President Mauricio Macri, the pro-market leader of Latin America’s third-largest economy, is only ever “one step ahead of disaster”, says Martin Langfield on Breakingviews. Soaring inflation,…
Romania’s gross domestic product rose by 4.1% in the second quarter of this year compared with the same period from 2017, to RON 218.8 billion ($54.71 billion), according to national institute…
Famously bearish Societe Generale strategist Albert Edwards says that a strong economic indicator getting a lot of attention is an "illusion."
The Institute for Supply Management…
The US trade deficit rose to a five-month high in July as exports of soybeans and civilian aircraft declined and imports hit a record high, suggesting the Trump administration’s protectionist…
Private sector economists kept their growth forecast for Singapore intact despite increased concerns stemming from protectionism in the US, a quarterly central bank survey showed on Wednesday.…
