World Economy

More than 21,000 Scots could lose their jobs by next year due to the ongoing financial uncertainty caused by Brexit, the nation’s chief economist has warned.

In a report on the state of…

After hitting a three-year high against the dollar, the strong euro is likely to preoccupy global markets and European Central Bank policymakers in particular in the coming week.

Fitch ratings agency upgraded Spain’s sovereign debt rating, pointing to the country’s growing economy and improving fiscal health.

The economic impact of the Catalonia region’s effort…

Russia is able to reach average global economic growth rates of around 2.9%, Chief Executive Officer of the World Bank Kristalina Georgieva said in an interview with Tass. “The World Bank…

As the world’s second-largest economy reports annual growth of 6.9%, worries remain about mounting debt during 2018.

China has reported its first rise in annual growth since 2010–…

Emerging stocks pushed to a fresh near-decade high and were set for a sixth straight week of gains on Friday after Chinese growth data lifted Asian markets to a record peak and the yuan to a two…

Fears of a world economic slump have receded among chief executive officers, who are instead preoccupied with hiring and retaining top employees, an annual survey found.

Namibia’s public debt stood at 46.9% of the gross domestic product in 2017, while the budget deficit dropped from 6.3% in 2016 to 3.6% in 2017, AllAfrica reported. This was due to fiscal…

UK retail sales fell steeply on the month in December, new figures showed Friday, with Britons paring back spending after taking advantage of Black Friday discounts the previous month,…

The Japanese government raised its assessment of the economy in January for the first time in seven months due to rising consumer spending, an encouraging sign that inflation could start to pick…

The 2018 edition of the World Economic Situation and Prospects report, WESP2018, was launched in Addis Ababa on January 16 under the auspices of the macroeconomic policy division of the United…

Spanish government bonds outperformed the market on Friday on expectations of an upgrade to its debt rating for the first time since the eurozone debt crisis.

The World Economic Forum ranks cyber attacks third behind extreme weather and natural disasters.

According to the WEF’s Global Risks Report 2018, cyber attacks and cyber warfare sit…

HSBC has agreed to pay $101.1 million to settle a US criminal investigation into rigged currency transactions, the BBC reported. The bank has admitted its traders twice misused confidential…

While in Germany, IMF chief Christine Lagarde has argued that larger German investments could help reduce regional and global imbalances that she’s concerned about. Her advice did not go down…

Countries with strong manufacturing know-how, including Japan and Germany, have an opportunity to regain their competitive technological edge as big data ushers in the "Industry 4.0", era,…

Those who owned mutual funds that outperformed the competition in 2015, likely didn’t repeat their success in 2017, and an overwhelming majority of funds were unlikely to remain top performers…

Economists brought forward their estimate of when the European Central Bank will set an end-date for its bond-buying program, amid signs that more optimistic views on inflation might be gaining…

Farewell, Ireland: it looks like corporate America will finally bring that cash home. For years, the likes of Apple Inc. and Microsoft Corp. have stashed billions of dollars offshore to slash…

India has cut its additional market borrowing requirement for the current fiscal year by 60% after reviewing trends in revenue receipts and expenditure patterns, the finance ministry said on…

Bitcoin tumbled below $10,000, bringing its loss to almost 50% from a record set only a month ago, as increased scrutiny from regulators around the world weighs on the digital-coin craze.

The Russian budget can have surplus already this year, while deficit was 1.5% of GDP as of 2017 year-end, Finance Minister Anton Siluanov said on Wednesday, Tass reported. “Our deficit is 1.5%…

Italian banks are looking healthier now than they have for the past few years and will continue to heal in 2018, Standard & Poor’s Global Ratings said in a report on Tuesday evening, Xinhua…

The economy of Ethiopia is expected to continue growing in the coming two years amid global and internal challenges, a report has stated. The World Economic Situation and Prospects 2018 launched…

Singapore is settling into its one-year rotating chairmanship of the Association of Southeast Asian Nations at a time when the region’s economic growth is outperforming the world. But the…