Egypt aims to reduce its import bill by 25% in 2016 compared to the previous year after the central bank imposed sweeping new import controls last month, its governor told Reuters.
The…
World Economy
Business leaders expressed their expectations for President-elect Tsai Ing-wen to stabilize Taiwan’s politics and revitalize the economy as soon as possible.
Kiev does not yet feel like the capital of a country at war. On the surface, the city is functioning much as before, with the gatherings of uniformed men preparing to head back east the main…
Learning how humankind can benefit from the fourth industrial revolution while addressing its challenges will be the central aim of the 46th World Economic Forum annual meeting, WEF Founder and…
German Finance Minister Wolfgang Schaeuble has proposed the introduction of a special tax on gasoline in European Union member states to finance refugee-related costs such as strengthening the…
A flare-up in the global currency war is looming, as a resurgent yen and euro threaten to give policy makers in Japan and Europe an incentive to add monetary stimulus.
General Electric Co. agreed to sell its home-appliances business to China’s Qingdao Haier Co. for $5.4 billion after scrapping a deal with Electrolux AB last month, Bloomberg reported.
The autonomous Kurdistan Regional Government in northern Iraq may sell parts of its electricity sector to raise funds to help plug a budget gap left by sinking oil prices, the region’s deputy…
Argentina’s Central Bank said on Friday it would issue higher denomination banknotes this year and next, in the face of double-digit inflation that has gnawed away at the value of the local…
The UK potentially faces the biggest economic upheaval in several generations should voters mandate a Brexit in the national referendum on the UK’s future membership of the European Union,…
Tax revenue, including social contributions, stood at 39% of GDP in Greece in 2014, up from 33.5% in 2010 and 38.3% in 2013, Eurostat said.
China-led Asian Infrastructure Investment Bank officially opened for business on Saturday in Beijing after a formal ceremony led by Chinese President Xi Jinping.
Representatives from 57…
Russian Finance Minister Anton Siluanov said in a television interview on Saturday that the fall in oil prices meant the Russian budget would be short of more than three trillion rubles ($38.6…
Consumer confidence rose in January to the highest level in seven months as low inflation helped support households, whose outlook for wage gains remained subdued.
At least part of the Canadian government’s plans to boost infrastructure spending will focus on projects that can be undertaken quickly, Finance Minister Bill Morneau said.
Venezuela’s socialist government decreed an “economic emergency” that will expand its powers and published the first data in a year that shows the depth of a recession fueled by low oil prices and…
Poland had its rating downgraded by one of the three major credit assessors for the first time as Standard & Poor’s warned that policies of the new government are imperiling the nation’s…
Dramatically scaling up renewables’ share of the global energy mix would deliver a massive boost to GDP, social welfare, and employment worldwide, according to a report released Saturday…
The rate of employment among Saudis declined by 38% in the private sector during 2015 as compared to the year before, while it increased by 60% among expatriates.
This fact was revealed…
The International Monetary Fund predicts that Mozambique’s average growth rate during the first half of the next decade could reach the staggering figure of 24% per annum, NewsNow reported. This…
US industrial production fell for the third straight month in December, a weak end to the year that underscored a worsening outlook for fourth-quarter economic growth.
Industrial output…
European Union privacy regulators aim to agree next month on whether and how data transfers to the United States should continue as the European Commission weighs Washington’s latest proposals on…
Some of the world’s largest and most connected financial systems will undergo their mandatory five-year financial stability review by the International Monetary Fund in 2016.
Record high employment, historically low interest rates and low inflation boosted Germany’s economic growth in 2015, the Federal Statistics Office has reported, DW said. Those factors had one…
JPMorgan Chase & Co. said fourth-quarter profit rose 10% as expenses from litigation and employee compensation shrank. The biggest US bank also said a regulatory burden would have a smaller…
