World Economy

Egypt aims to achieve a growth rate of 7% during fiscal year 2021-2022 and to start floating shares of 23 companies on the Egyptian Exchange, according to Minister of Finance Mohamed Ma’it.

The canals branching out of the Tigris river and into the adjoining farmlands are empty and dry. Devoid of water, the rice, wheat and barley fields are left without vegetation.

The…

Indonesia lobbied visiting US Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade minister said…

China’s foreign minister says that his country’s threat to impose retaliatory tariffs on $60 billion of US goods in an escalating trade dispute was “fully justified”.

As the world’s major central banks seem anxious to normalize monetary policy, there is one important factor that they are overlooking. It is that well before year-end, their plans to raise…

The Algerian government has reduced unemployment and kept inflation under control through an “easy money” strategy, confounding critics who said the policy would hamper long-term success of a…

There’s been a lot gnashing of teeth lately about rising US inflation, but it’s not the business cost of employing the working man and woman that’s to blame.

The average American worker…

China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks…

Morocco is expected to decrease over the next ten years its current deficit with limited risk to its external finances, Morocco World News reported. “Morocco’s current account deficit will…

Lebanon’s business conditions worsened to near a two-year low as political instability and cash flow issues took a toll on the private sector, according to a new survey.

Blominvest Bank’…

Foreign ministers from the Association of Southeast Asian Nations plus Japan, China and South Korea agreed Saturday to bolster economic cooperation, voicing opposition to trade protectionism by…

The pound fell against the dollar as Bank of England Governor Mark Carney warned that the possibility of a hard Brexit was now “uncomfortably high”. Speaking on the BBC’s Today program, the…

Kenyan firms lost their job creation momentum in July as subdued manufacturing output and shrinking sale orders took their toll, a new survey shows, KNA reported. Labor-intensive manufacturing…

The American inventory market has been shrinking. It’s been occurring in sluggish movement—so sluggish that chances are you’ll not even have observed. However by now the change is unmistakable:…

Sweden is rapidly moving away from cash. Demand for cash has dropped by more than 50% over the past decade as a growing number of people rely on debit cards or a mobile phone application, Swish…

Fitch Ratings has affirmed Malta’s long-term foreign-currency issuer default rating at ‘A+’ with a stable outlook. It said the country’s ratings reflected its high income per head compared with…

Russian President Vladimir Putin has signed the bill on changes of the terms for ratification of external borrowings agreements into law.

The document passed by the State Duma (lower…

Turkish President Recep Tayyip Erdogan on Friday announced an ambitious 100-day action plan, in an attempt to fight currency decline, spur growth and slow down rocketing inflation.

"We…

Japan’s graying society will require more investment in technologies such as artificial intelligence and robots to make up for a decline in the labor force and its effect on economic growth,…

After the slowest quarterly GDP growth rate in the second quarter this year since the final quarter of 2014, initial figures for the third quarter are also disappointing. This provides further…

Apple Inc on Thursday became the first $1 trillion publicly listed US company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal…

In its monthly economic bulletin, ISTAT said its latest composite leading indicator “continues to decline”, as it has throughout this year, “signaling a continuation of the current phase of…

Multiple key Asian economies released their purchasing managers’ index data for July this week. The PMI is an indicator of economic health across a nation’s manufacturing and service sectors.

China’s Huawei raised its forecast for full-year smartphone shipments to more than 200 million and said it could become the world’s top vendor of the devices in the final quarter of next year,…

Mexico’s central bank held its main interest rate steady on Thursday and trimmed its outlook for economic growth this year, as it vowed to maintain a “prudent” policy stance due to risks to…