World Economy

Pakistan’s new Prime Minister Imran Khan is facing a tough challenge of a looming currency crisis, which could escalate into a full-blown recession. Khan, however, has laid out the key…

The Bank of Japan is making final arrangements to lower its forecast for the inflation rate this fiscal year from 1.3% to about 1%, while lowering its prediction for fiscal 2019 from 1.8% to the…

The US is now making “absolutely amazing’’ progress toward renegotiating the North American Free Trade Agreement, and a deal could come as early as this fall, according to White House Council of…

Economic divergence among countries and regions was never pre-ordained. According to the late cliometrician Angus Madison and other economic historians, the great divergence between the global…

Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by US President Donald Trump to impose tariffs on US imports of autos…

The manufacturer work market in Romania is in trouble.

The US economy may be roaring ahead, but American consumers face the prospect of paying more for everyday goods, due in part to trade tariffs. Big companies reporting earnings over the last week…

Qatar’s economic prospects have been termed “negative” by one of the world’s leading investment organizations, and the Persian Gulf state could see its rating downgraded in light of the…

Import tariffs will have far-reaching implications and though the impact is manageable for now, escalation in this aspect could mean significant downside to global growth, says a report.

Members of Parliament approved a new type of banking license to cater to Bermuda’s fintech industry Friday night. David Burt, the premier and minister of finance, told the House of Assembly that…

American wariness of China gave Hindalco Industries an edge in its bid to acquire aluminum maker Aleris, part of a trend of Indian companies expanding in the US as a hedge against protectionism…

The economic recovery in the sultanate is gaining traction, as domestic demand improves and market sentiment becomes more conducive to growth. Also, the sustained increase in oil prices coupled…

The US Justice Department on Friday said that Switzerland’s Mirelis Holding S.A., a financial and asset management firm, will pay $10.25 million to the United States in order to avoid…

Equity and bond markets have welcomed Imran Khan’s victory in Pakistan’s disputed election, but the former cricket hero faces a tough slog to avert a currency crisis and implement long-term…

China must resist taking aggressive stimulus steps as it navigates troubled economic waters as they could add to excessive debt levels leading to an "abrupt adjustment", the International…

Consumers continue to be optimistic about the national economy, according to new data from Statistics Finland.

According to the latest indicators, consumer confidence in the economy…

Amazon.com and SoftBank will both roll out smartphone payment services in Japan over the coming months, contending to woo the smaller businesses critical to spreading mobile payments in a still…

Abnormal weather in the form of severe rainfall and heat waves has been taking a heavy toll on Asia recently, both in human and economic terms.

In Vietnam, floods caused by torrential…

President Donald Trump falsely claimed he’s pulled off “an economic turnaround of historic proportions.”

Speaking at the White House Friday after the government reported that the economy…

Some SMEs in Ireland are struggling and lending volumes to exposed firms haven’t picked up as quickly as anticipated, according to Bernard Byrne, the chief executive of Allied Irish Banks. AIB…

In Italy, over 400,000 agricultural laborers risk being illegally employed by mafia-like organizations, and more than 132,000 work in extremely vulnerable conditions, enduring high occupational…

European Commission boss Jean-Claude Juncker and US President Donald Trump might have cracked the united front of the 28-member states, as France has already questioned the terms of their…

Finance Minister Kim Dong-yeon on Friday called for an expansionary fiscal policy as South Korea’s economic growth slowed in the second quarter on a decline in private investment and weaker…

A team from the International Monetary Fund that recently visited the Philippines stated that the country’s economy is “performing well” despite low public optimism.

China’s yuan was heading on Friday for its longest weekly losing streak since November 2015, going against broadly firmer emerging markets after Beijing and Washington squared off at the World…