World Economy

From official statistics, the rising unemployment rate in Nigeria has become a source of concern. The labor statistics report released by the National Bureau of Statistics, for instance, showed…

Fintech broke onto the scene as a disruptive force following the 2008 crisis, but the industry’s influence on the broader financial services system is changing.

A London-based institute warned that the growing political and security risks in Lebanon could slow economic growth and impede reconstruction efforts. The report by IHS Markit also expressed…

Mobs gathered outside some Caracas supermarkets on Saturday after the government ordered shops to slash prices, creating chaos as desperate Venezuelans leapt at the chance to buy cheaper food as…

Dispelling anxiety about robots has become a major preoccupation of business apologetics. The common-sense—and far from foolish—view is that the more jobs are automated, the fewer there will be…

China’s foreign exchange reserves rose to their highest in more than a year in December, blowing past economists’ estimates, as tight regulations and a strong yuan continued to discourage…

Saudi authorities said they’ll spend billions to help citizens offset the impact of a value-added tax and a surge in gasoline and utility prices, a move that will help ease public discontent…

A senior member at Iran's biggest bank has come out in favor of cryptocurrencies and called for them to be recognized and widely accepted in the banking system.

Growth for Mexico as a whole is projected to be 2.4% in 2018, half a percentage point down on the figure recorded from 2010 to 2016, but slightly better than the 2.1% growth anticipated for 2017…

Germany’s biggest lender is expecting to report a full-year after-tax loss for 2017, largely owing to changes in the US tax system. The bank said it also suffered from low levels of client…

Saudi King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over the next year in compensation for rising cost of living after the government hiked domestic…

President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want…

The world economy has reached its strongest point since the global financial crisis a decade ago, but rising political risks may cloud prospects in 2018 and perhaps beyond.

Vietnam’s economy this year can continue to thrive amid better prospects of foreign direct investment inflow and export revenues but low productivity remains a concern, economists said, Yahoo…

Oman’s expansionary 2018 budget underlines the government’s determination to address outstanding economic challenges, including generating optimum growth and creating jobs, Reuters reported. The…

Federal Reserve policy makers have abandoned the notion that they can bring the US economy in for the perfect soft landing–when inflation settles at its target, growth throttles back smoothly to…

Taiwan’s consumer price index in December rose 1.21% from a year earlier largely due to a spike in the price of tobacco, fuel and medical care services, as well as fish, dairy and meat products…

The Indian economy is expected to grow at a slower 6.5% in 2017-18 compared to the 7.1% in 2016-17, the Central Statistics Office releasing the first advance estimates of GDP growth for current…

Russia has a chance to change the economic situation for the better this year, but this requires serious steps, the first deputy chairman of the economic committee of the federation council,…

Global debt soared to a record $233 trillion in the third quarter of 2017, according to a report from the Institute of International Finance.

That marked a $16.5 trillion—or 8%—increase…

The government is preparing a roadmap to borrow $10 billion from external sources in next six months to repay previous loans and finance the current account deficit.

Global investment banks are suggesting an annual growth rate of 2.9% for the South Korean economy this year, data showed Saturday, just below the central bank’s outlook of 3%, Yonhap reported .…

Gold fell in choppy trading on Friday as the dollar rose in the wake of US non-farm payrolls data for December, prompting traders to cash in gains from the metal’s rally to 3-1/2 month highs…

The unemployment rate fell to its lowest level in more than 40 years as Canada closed out a calendar year that saw it produce jobs at a pace not seen since 2002, The Canadian Press reported.…

Australia’s trade slumped to a $628 million deficit in November, as weaker coal and grain exports combined with increased imports for the worst result in more than a year, AAP reported. Exports…