World Economy

A new platform is needed at the Frankfurt Stock Exchange that caters to Internet startups, German Economy Minister Sigmar Gabriel said at the 8th Information Technology Summit in Hamburg…

Gold eased on Wednesday from the previous day’s 6-week peak as the dollar rose to a one-week high against a basket of currencies, with signs of softening physical demand also pressuring the…

If you’re having a bad week, consider that Warren Buffett has lost $2 billion and it’s only Tuesday. Buffett is known for shunning the quick buck and focusing on the long-term performance of his…

With an aging population that’s already the world’s oldest, Japan might be a good place to build more hospitals. Instead, it’s shutting them down. More than 300 medical institutions…

Daimler AG announced that it has sold its stake inTesla for $780 million. The two companies had just finished work on the drive-train for the Mercedes B-Class electric vehicles,…

Russia has imposed a ban on the import and transit of all crop products from Ukraine starting from October 22, 2014, Russia’s veterinary and phytosanitary watchdog Rosselkhoznadzor said.

Switzerland is the world’s favorite destination among expats, followed by Singapore and China, a poll on quality of life for bank HSBC has found.

The European Commission fined JPMorgan, UBS and Credit Suisse a total of 94 million euros ($120 million) on Tuesday for taking part in cartels in the financial sector.

Currency wars are back, though this time the goal is to steal inflation, not growth.

Brazil Finance Minister Guido Mantega popularized the term “currency war” in 2010 to describe policies…

As of the end of August, Turkey has accrued $166.6 billion in foreign debt that has to be paid within a year, according to recent figures from the Central Bank of Turkey.

The International Monetary Fund (IMF) has forecast sub-Saharan Africa economy to grow by 5% in 2014 and accelerate to around 5.75% in 2015, IMF report said. The report received in Nairobi Tuesday…

German airline Lufthansa says it is close to a deal to sell its IT infrastructure unit to IBM, including an outsourcing agreement for the services, as part of a shake-up of its technology…

Kyrgyzstan has announced its intention to join the Eurasian Economic Union on January 1, 2015, APA reports. The agreement on the establishment of the EEU was signed by Russia, Belarus…

Brazil’s annual inflation rate remained above the official target in mid-October, providing ammunition to opposition candidate Aecio Neves just days before a tightly contested presidential…

South Africa’s economy is stuck in low gear and teetering on the brink of very serious trouble. “This is a very crucial time in the country’s economy,” Democratic Alliance (DA) parliamentary…

Equipment made by Putzmeister has been used to help smother out-of-control nuclear reactors in Chernobyl and Fukushima, but the German company had no technology to protect it when the global…

France and Germany have sought to put their differences aside and seek a common approach to getting the Eurozone’s weakening economy back on track.

Germany and France agreed that more…

Saudi Arabia is one of the most lucrative construction markets in the Middle East, accounting for almost 39 percent of the (P)GCC projects.

The country’s construction sector is expected to…

Apple reported fourth-quarter earnings of $8.47b, a 13% rise from the same period a year earlier, beating analysts’ expectations. Profits at the technology giant were helped by sales of its new…

The Fed official overseeing Wall Street says things need to change, and if the industry’s risky culture isn’t turned around, it may be time to break up the big banks. William Dudley’s proposal…

Russia’s recent trade figures show strengthening ties eastwards, not westwards. Trade with the 28-nation European Union declined 3.2 percent from the same period last year, whereas trade with…

India promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on…

The turmoil on global financial markets last week shattered the claims of the world’s economic and financial authorities to have a solution to the breakdown of the capitalist system that began…

British government borrowing rose to £11.8b ($19.07b) in September, an increase of £1.6b compared with a year earlier, according to the Office for National Statistics.

Economists were…

Italian economy would return to a timid growth in the last months of 2014 and finally emerge from recession with an output rise of 0.5 percent in 2015, economic think-thank Prometeia said. The…