World Economy

The World Bank’s staff association has called for a meeting with President Jim Yong Kim citing a “climate of fear and confusion” and unhappiness over bonuses granted to select top officials.

Two years after losing its place as the world’s biggest rice exporter, Thailand is eyeing a return to the top spot as the impact of a bungled subsidy scheme eases and it sells cheaper grain to a…

The suddenly unstoppable US dollar is posing a triple threat to American companies’ profits: driving up the costs of doing business overseas, suppressing the value of non-US sales and, perhaps…

The International Monetary Fund (IMF) will cut its estimates for German economic growth in 2014 and 2015 to around 1.5% for each year due to the crises in Ukraine and the Mideast, weekly German…

The latest Associated Press-GfK poll finds that Americans lack confidence in the government’s ability to protect their personal safety and economic security. More than half of those questioned say…

Russian inflation accelerated to the fastest pace in three years, putting pressure on the central bank to raise interest rates even as economic growth shrivels. Consumer prices …

Egyptian building contractors are planning to set up three major residential cities in Kuwait at an investment of $20 billion. The Kuwaiti market is suffering from construction crisis as there is…

Dropping below economists’ expectations and falling from 9.54 percent in August, annual inflation hit 8.86 percent in September, according to figures from the Turkish Statistics Institute (…

Japanese Prime Minister Shinzo Abe remains “completely neutral” on whether to raise the national sales tax, Economy Minister Akira Amari said on Sunday even as he expressed concern about the…

The non-hydrocarbon sector in Qatar continues to drive economic growth, supporting the diversification of the economy.

Real GDP growth accelerated to 5.7 percent in Q2 2014, from a revised…

A survey measuring business activity in the eurozone shows the economy remains “stuck in a rut”, according to the company behind the report.

An Abu Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area to meet the country’s acute power shortage, the chairman of the investing…

Senior Russian officials are sounding dire warnings as prices rise, the ruble plunges and growth grinds to a halt, but President Vladimir Putin is ignoring their advice amid the standoff with the…

A better-than-expected jobs report helped bolster investors’ confidence in the American economy, tempering losses in the busiest trading week in six months for US equities, Bloomberg reported. The…

Asian markets mostly rose Friday ahead of a key US jobs report, while Hong Kong reversed morning losses as the financial hub’s leaders prepare to meet pro-democracy protestors who have closed…

The international conference on economic assistance to Afghanistan will be held in the UK capital in November, UK Prime Minister David Cameron told a news conference in Kabul on Friday after talks…

Several member states of the World Trade Organization voiced frustration after India’s demands for concessions on agricultural stockpiling led to the collapse of the first major global trade…

Gold erased this year’s gains after US employers added more jobs in September than forecast, stoking speculation that the Federal Reserve will move closer to raising interest rates.

The US jobless rate declined to a six-year low of 5.9 percent in September and employers in the US added more workers than projected, signs of more vigor in the labor market that will help sustain…

Germany risks slipping into its third recession since the global financial crisis, piling pressure on Europe to do more to stimulate its stagnant economy. The mood among German businesses has sunk…

The pound has fallen after a survey suggested that growth in the UK services industry slowed in September. The closely-watched Markit services purchasing managers’ index (PMI) fell to a…

A gauge of China’s non-manufacturing industries declined to an eight-month low in September, adding pressure on the government to step up stimulus to counter a property downturn.

Japan’s government moved to address mounting concerns about a weakening yen by pledging assistance for small companies hurt by cost increases spurred by the falling exchange rate.

Antonis Samaras’s ambition to drive Greece out of its rescue program is running into a roadblock. The country’s prime minister might be thwarted by conditions for the European Central Bank’s…

The European Central Bank has said it’s willing to use further unconventional policy tools to stave off the risk of deflation. A special asset-backed securities scheme will start later this month…