Some 26 million children and young people in Europe are threatened by poverty or social exclusion after years of economic crisis, according to a study by the Bertelsmann Foundation which gave…
World Economy
The combined aggregate value of affiliates belonging to Samsung Group, South Korea's largest family-run conglomerate, surged 38 trillion won ($33.3 billion) in the past month, helped by so-called…
The (P)GCC Islamic banking profit pool crossed $12 billion mark for the first time in 2014 with expectations that the sector will continue to grow amid regional economic uncertainty, TradeArabia…
South Korea said two state-owned banks will shift some 14.3 trillion won ($12.54 billion) in yearly lending and investment from larger companies to start-ups and small- and medium-sized…
Some economists are predicting an era of slow global growth for the foreseeable future, and if they are correct, that would have significant implications for investors.
Despite some encouraging recent job numbers—unemployment is falling, and an average of 198,000 jobs per month were added to payrolls over the last year—wage growth in the United States is…
Activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday, fuelling fears the economy may still be losing momentum…
The effects of El Nino, a series of weather changes characterized by warming Pacific waters near the equator, can vary widely depending on which part of the world you live in.
Thailand’s private consumption and investment rose in September, but the country’s exports and industrial output shrank again, suggesting the economy is not regaining momentum.
Indians have emerged the top foreign property investors in Dubai, spending over Rs 30,000 crore ($4.7 billion) last year alone. This is more than a quarter of the total of around Rs 100,000 crore…
The European Central Bank is ready to do what it takes to keep its medium-term inflation target on course, its head Mario Draghi said in a newspaper interview published on Saturday.
The "Made in Germany" brand has not been damaged by the Volkswagen scandal, but the carmaker needs to deal with the matter in a transparent manner, German Chancellor Angela Merkel said on Saturday…
Populations are getting older around the world—that’s no surprise in light of declining fertility and improvements in health care. But in many countries, something more dramatic is going on—the…
The Chinese currency has posted its biggest one-day gain against the US dollar in more than 10 years, RT reported. The yuan surged 0.6% on Friday to close at 6.32 to the dollar. This followed an…
The five billion rand ($361 million) manufacturing competitiveness enhancement program, established by the government to cushion local manufacturers from the effects of the global financial crisis…
The Czech Republic is set to exceed all growth expectations for 2015, with the ministry of finance revising growth up to 4.5%, NewEurope reported. The rise betters the already positive…
Nigeria’s Ekiti State Governor Ayodele Fayose, has asked President Muhammadu Buhari-led federal government to address the nation on the state of the economy and stop propaganda.
Speaking at…
Greece’s four main banks must raise €14.4 billion ($16 billion) in fresh capital, after a review by the European Central Bank, as investors and taxpayers face the cost of repairing the damage…
Saudi Arabia’s Cabinet has deferred for further study a decision on limiting the private sector work week to 40 hours, part of proposals designed to push more Saudis into private employment, the…
South Korean President Park Geun-hye and Chinese Premier Li Keqiang discussed trade issues Saturday, meeting one-on-one a day before their three-way summit with Japanese Prime Minister Shinzo Abe…
Officials and economists see Vietnam’s membership of the Trans-Pacific Partnership bringing more opportunities than challenges for the country’s agriculture sector.
The Reserve Bank of South Africa could raise interest rates 25 basis points next month after the US Federal Reserve on Wednesday left the door open for a possible hike in the US in December,…
The bad financial news for coal export prospects in Washington, Oregon and British Colombia has come almost too quickly to track.
The value of Ukrainian President Petro Poroshenko’s assets soared despite economic crisis and conflict while those of other tycoons shrank in an annual wealth list published Friday, AFP…
In the first three quarters of 2015, Chinese mainland’s outbound Merger and Acquisition deal volume soared to a record high of 257, exceeding 2014’s yearend total.
According to a…
