World Economy

British state-owned Royal Bank of Scotland said it will close 259 branches and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.

The latest…

Convergence between the eurozone’s richer and poorer economies appears to be resuming, but income gaps remain huge and the euro has not been a catalyst for reducing inequality, a study published…

Canada’s economy is showing unexpected resiliency as the year ends with the strongest job market in a decade offsetting slumping exports, Bloomberg reported. A sharp rise in new positions cut…

The pickup in India’s economy has led to widespread expectations that interest rates will be left on hold at India’s monetary policy meeting this week and beyond, PTI reported. The Reserve Bank…

The Czech economy grew by 0.5% on a quarterly basis and by 5% year-on-year in the third quarter, lifted by strong household consumption and investments, the statistics office said, confirming…

US construction spending surged 1.4% in October, the best gain in five months, with all major categories of building posting gains. The October spending increase was the third monthly gain after…

Peru’s economy could grow more than 4% in 2018 if private investment picks up, particularly in infrastructure, Economy Minister Claudia Cooper said, Reuters reported. “The main variable is…

Prudence teaches that societies experiencing difficult and uncertain times should hope for the best but prepare for the worst. South Africa should take this lesson seriously. It is facing a…

While the global economy is back on track, problems still remain and an improved economic and financial governance system is needed globally for preventing future crises. This was the consensus…

Germany hasn’t had this much trouble forming a government since the 1930s. But many Germans don’t seem to care.

Strong house price growth, Brexit, and an overreliance on multinational corporations pose significant risks to the Irish economy, European finance officials have warned.

The European…

Bitcoin’s dramatic gains have continued this week but it remains prone to wild fluctuations in value. The French central bank has entered the fray—they say it is not a currency and has no…

 Central bankers are starting to see promising results from one of the recent additions to their monetary policy toolbox.

The Danish economy has shrunk more than expected, suggesting the worst contraction since 2011, according to data released Friday. The gross domestic product fell to -0.6% on a quarter on quarter…

Russia’s economy has recovered from recession and entered a stage of growth, with its growth rate in 2017 reaching levels of developed countries, Russian Prime Minister Dmitry Medvedev said…

The Spanish economy grew by 0.8% in the third quarter of this year, compared to the previous quarter, according to data published on Thursday by Spain’s Statistical Office, INE, Xinhua reported…

Nippon Life Insurance will buy a 24.75% stake in US asset manager TCW Group to bolster its investment in overseas assets, including bonds, AFP reported. According to a statement released on…

The Executive Board of the International Monetary Fund Thursday approved a successor two-year arrangement for Mexico under the Flexible Credit Line in an amount equivalent to $88 billion and…

Japan’s economy is on track to close out the year expanding faster than its potential growth rate, even after recent soft readings for consumption and inflation.

Global demand remains…

Southeast Asia’s palm oil exporters have the means to retaliate if the European Union imposes restrictions on the commodity, Indonesia’s trade minister warned in an exclusive interview with the…

The Malaysian government is urging foreign businesses to use the country as a launchpad into Asia, as the region’s economy is expected to grow further.

The United States has formally told the World Trade Organization that it opposes granting China market economy status, a position that if upheld would allow Washington to maintain high anti-…

The country’s gross domestic product posted its highest growth in more than seven years in the third quarter, on an expansion of exports and the implementation of a supplementary budget. Thanks…

Asia's major manufacturing economies saw their fastest expansion in factory activity in years last month, driven by robust demand for electronics and firming the case for central banks in the…

Growth in Ireland’s manufacturing sector surged to an 18-year high in November, a survey showed on Friday, with strong new orders at home and abroad defying fears Brexit would trigger a slowdown…