World Economy

A strong rise in consumption together with rising exports and a recovery in investment propelled Poland’s economic growth to nearly 5% in the third quarter, its fastest pace in five and a half…

Business leaders are warning that Increasing income tax in Scotland risks creating a “chasm’’ between north and south of the border which could make the country less competitive, SNA reported.…

Small Catalan firms are moving their headquarters outside of the region or setting up parallel companies to skirt a boycott of goods from Catalonia by Spaniards angry over its separatist push,…

The Russian banking sector remains generally stable, despite reduced financial stability of some banks, the World Bank said in its Russian Economic Report released on Wednesday.

Federal Reserve Chair Janet Yellen called on Congress to adopt policies that will get US economic growth out of its “disappointingly slow” post-recession pattern.

The deputy governor of the Bank of England said there was huge uncertainty over the economic effects of Brexit as he underlined the BoE’s view that Britain’s banks would be able to withstand a…

After a torrid couple of years, Brazil’s battered economy is expected to confirm signs of recovery this week, shifting the ground under the already unpredictable 2018 general elections, AFP…

Economic confidence in Europe hit a seventeen year high this month, according to a benchmark survey from the region's executive branch, as growth and employment dynamics continue to improve in…

Bitcoin surpassed $10,000 for the first time, taking this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble.

As many as 800 million workers worldwide may lose their jobs to robots and automation by 2030, equivalent to more than a fifth of today’s global labor force.

Moody’s Investors Service has on Wednesday placed all the global scale ratings assigned to eight South African corporates under review for downgrade.

Indian economic growth likely rebounded in the July-September quarter from the slowest growth in three years, with demand picking up modestly as the effects from a shock ban on high-value…

Germany’s economy is facing a host of risks—from high real estate prices to weak banks—but investors may be ignoring vulnerabilities given the country’s eight-year economic run, the Bundesbank…

The French economy expanded by 0.5% in the third quarter, a slight slowdown from the pace of growth three months earlier, while consumer spending weakened in October, the INSEE national…

Egypt’s central bank has removed caps for the deposit and withdrawal of foreign currency for importers of non-essential goods, it said, the latest sign of improving dollar liquidity at banks,…

Global economic growth is set to peak at an eight-year high next year as uninspiring investment and increasingly dangerous debt levels limit room for further improvement, the OECD said on…

Hong Kong has replaced London as the most expensive city for businesses to set up office thanks to the depreciation of British pound and aggressive expansion of mainland companies, survey shows…

Sweden’s government is set to give the green light to a proposal from the financial watchdog to tighten mortgage repayment rules despite warnings the move could deepen recent house price falls,…

The total value of capital imported into Nigeria more than doubled in the third quarter to $4.15 billion, after the economy emerged from a recession, the National Bureau of Statistics said,…

A European Central Bank report analyzing the use of cash, cards and other payment methods used in the euroland economies in 2016 showed Malta is the cash capital of the EU, topping the list of…

The EU will shortly publish a tax haven blacklist, part of a strategy to deal with the issue of global tax avoidance and evasion. The charity Oxfam has its doubts though, and has published a…

Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30% discount to its most recent valuation of $68.5 billion, a person familiar…

China’s regionwide infrastructure drive is quickly proving to be a game changer in the grain trade. The shift in the landscape was apparent when the Kazakh agriculture minister visited Beijing…

Corporate Japan’s credibility hit another low after Toray Industries, one of Japan’s biggest materials manufacturers, joined a list of companies admitting to falsifying data.

The Reserve Bank of Australia is getting close to lifting its 1.5% cash rate, the OECD believes.