World Economy

The UK government is looking to step up regulation of Bitcoin amid concerns criminals are using cryptocurrencies to launder money and avoid taxes.

China’s digital economy reached 22.58 trillion yuan (about $3.4 trillion) in 2016, ranking second globally and accounting for 30.3% of the national GDP, according to reports issued Monday at the…

US drugstore chain CVS Health announced it would buy medical insurer Aetna for about $69 billion, in a move that would create a new giant in the healthcare sector, AFP reported. The deal would…

Greece’s economy expanded for a third straight quarter in the July-to-September period but grew at a slower clip than it had in the previous quarter, driven by stronger tourism and higher…

Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies and the estimated worth of some of the world’s top billionaires.

Japanese consumer confidence improved in November to its highest level in four years, lifted by surging stock prices and a robust job market, the cabinet office said on Monday.

A three-meter-high metal fence topped with razor wire in a North Korean port marks the front line of the United Nations’ ban on coal exports by Pyongyang. A mountain of North Korean coal–which…

Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday.

In the wake of weaker business conditions and consumer sentiment, coupled with a decline in manufacturing data, there are concerns that Malaysia’s recent strong economic growth may not be…

The negative impact of so-called “Brexit uncertainty” on the UK economy since the vote to leave last summer has been “surprisingly small”, according to a new analysis from bankers at Bank of…

The tax bill that Republicans are muscling through Congress could result in cuts to entitlement spending if it significantly increases the national debt, budget experts say.

Republicans…

Growth in demand for global air freight, measured in freight ton kilometers, slowed to its weakest rate since January in October, the International Air Transport Association said, adding that…

Chinese President Xi Jinping said on Sunday the country will not close its door to the global internet, but that cyber sovereignty is key in its vision of internet development.

The credit rating agency Fitch confirmed Belgium’s AA- credit rating on Saturday. They also rated Belgium as having a stable outlook. The agency did highlight the risk of a surge in the Belgian…

The study by LR Global Bangladesh says the country has the highest share of non-performing loans and lowest capital adequacy ratio, compared to its peer economies. Bad debt grew faster than…

The current infrastructure development projects in the Maldives has the potential to transform the economy over time, but the rapid buildup of debt leaves the country vulnerable, says…

Greece and its eurozone creditors reached a preliminary deal on Saturday on reforms Athens needs to roll out under its bailout program, a move that could pave the way for the country to leave…

Cash-rich corporate Japan has finally started looking for ways to spend. Since the financial crisis, Japanese companies have been preparing for a rainy day by focusing on cash flow. But the…

Businesses in Liberia’s dual-currency economy are feeling the pinch as customers stay home and the exchange rate keeps climbing in the absence of a resolution to the country’s disputed…

It was cast as an anti-corruption drive. Now a more probable motive for Crown Prince Mohammed bin Salman’s unprecedented detention of members of the country’s rich elite is emerging. Reports…

As Venezuela’s economy sinks deeper into depression with a fourth consecutive year of recession to go along with hyperinflation, some ruling socialist party members are raising their voices to…

A report produced by Oxford Economics and the Oxford Business Group, says Oman’s economy is benefitting from trade diversion, as exporters use Omani ports for transit to and from Qatar. However…

With so much excitement about progress in artificial intelligence, one may wonder why intelligent machines aren’t already running our lives. Key advances have the capacity to dazzle the public,…

S&P Global Ratings on Friday lowered Bahrain’s long-term foreign and local currency sovereign credit ratings on Bahrain to ‘B+’ from ‘BB-’, Reuters reported. S&P said the downgrade…

President Donald Trump applauded the passage of the senate Republican tax bill on Saturday, saying it was a step towards an overhaul of the US tax system.