World Economy

In the heart of America, there’s a German giant. It’s the largest BMW factory in the world. Welcome to Spartanburg, with 10,000 employees, and 1,400 vehicles produced every day, Euronews…

In a bid to combat hyperinflation, Venezuela has unveiled new paper money with five fewer zeros. It comes after the IMF warned that the nation’s inflation could reach one million percent this…

The European Central Bank is stressing that interest rates will stay low well into next year even as the US Federal Reserve is expected to keep raising rates in coming months.

The…

Political allies of Spain’s minority socialist government have pulled support for its budget hours before a key vote in parliament, in a move that casts renewed doubts over political stability…

Increased trade and advancements in new technology took center stage as leaders of five countries—representing 40% of the world’s population—met in Johannesburg on Thursday.

Already hit by a run on the currency and a surge in inflation, Turkey’s economy faces a new risk after President Donald Trump threatened to impose “large sanctions” over the detention of an…

An International Monetary Fund staff team led by Karen Ongley visited Beit ul-Moqaddas (Jerusalem) and Ramallah July 8-19 to assess economic developments in the West Bank and Gaza, IMF.org…

Head of government Saad Eddine El Othmani has asked Moroccans to “stop being gloomy and unrealistic” about the economy despite problems such as poverty, unemployment and high fuel prices,…

As trade frictions mount among the world's major economies, the International Monetary Fund warned on Tuesday that large trade surpluses in Germany and China together with the large US deficit…

The European Central Bank’s next big agenda item is figuring out what it wants to achieve with its debt-recycling business.

The ECB plans to stop adding to its bond-buying program by the…

The European Union Commission is preparing to introduce tariffs on $20 billion of US goods if Washington imposes trade levies on imported cars, EU trade commissioner Cecilia Malmstrom told the…

Germany’s struggling lender Deutsche Bank says it’s making quicker progress in cutting costs and reshaping its business model. The bank’s second-quarter profit also beat analyst estimates, DW…

China is looking for new ways to pump up its slowing economy as a trade war with the United States escalates. Beijing has announced a range of measures including tax cuts, infrastructure…

Italy’s government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European Central Bank, Reuters reported…

China and South Africa urged fellow BRICS governments on Wednesday to fight protectionism and promote multilateral global trade in the face of tariff threats by US President Donald Trump that…

The Philippine economy is set to sustain strong growth this year and next, the International Monetary Fund staff said after concluding the Article IV Mission, Business Insider reported. Real GDP…

Egypt’s economy will grow 5.2% in the fiscal year that began in July, economists said in a Reuters poll, as Cairo pushes ahead with economic reforms that have strained millions of Egyptians…

Saudi nationals are borrowing two to three times more money than last year as government moves to shore up public finances push living costs through the roof.

Since the beginning of 2018…

Argentina’s economy shrank 5.8% in May versus the same month last year, government statistics agency Indec said, the second straight month of declines in a sign of looming recession and a…

Banco Santander SA is riding Spain’s economic recovery and rising demand for loans in Brazil, offsetting emerging market currency volatility and a slowdown in Britain.

A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6% and hotel rates up 3.7%, although there are downside risks from…

Changes in global demographics, world population, density, ethnicity, education level and other aspects of the human population, will bring about significant social change, and therefore…

A return to trade protectionism led by the United States could cause serious risks for the global economy, Latin American trade ministers attending the fifth Business Meeting of the Pacific…

The eurozone’s economy lost momentum again at the start of the third quarter after a brief rebound in June, according to survey data released on Tuesday,Investing.com reported. Although the rate…

Three global rating agencies have reaffirmed a stable economic outlook for Bangladesh, mostly for the strong economic growth and improvement in external profile, DailyStar online reported. Minus…