Countries are trying to stay competitive in a world of slowing productivity, dropping oil prices, and a commodity slump. Now the World Economic Forum has published its annual competitiveness…
World Economy
Stocks rose around the world, rebounding after a quarter of volatile trading that’s wiped almost $11 trillion off the value of global shares, while treasuries, gold and the yen retreated…
US consumer confidence grew moderately in September, building on August’s strong rebound, as consumers turned more positive about current economic conditions, the Conference Board reported Tuesday…
The recent downgrade of Brazil’s credit rating to junk status was followed by a raft of articles heralding the crumbling of the BRICS (Brazil, Russia, India, China, and South Africa). How…
Russia is restricting its airspace to Ukraine starting on October 25 in response to Kiev banning flights by Russian airlines to the country. Russian Prime Minister Dmitry Medvedev has instructed…
Financial markets stabilized after a rout Monday that wiped $800 billion off global equities, Bloomberg reported. US equity-index futures rose. Crude oil advanced with the currencies of…
Qatar’s sovereign-wealth fund lost $5.9 billion on paper in 10 days from its stakes in Volkswagen AG and Glencore Plc, Bloomberg reported. Qatar Investment Authority, the biggest holder of VW…
Exchange rate movements still have sizable effects on exports and imports, according to new research from the International Monetary Fund.
Almost all banks under the European Central Bank’s direct supervision have more capital than required under an ongoing review, a senior ECB bank supervisor said on Tuesday.
Apple said it had sold more than 13 million iPhone 6s and 6s Pluses during their first weekend of availability in 12 markets, setting a record for its marquee product.
Saudi Arabia has allegedly withdrawn $70 billion from global asset managers as the country hopes to plug current budget deficit as crude slumped, World Bulletin reported.
New figures from the Ireland’s Central Statistics Office show that the seasonally adjusted unemployment rate for September was 9.4%, down from 9.5% in August. The seasonally adjusted employment…
Eurozone economic sentiment hit a new four-year high in September, European Commission data showed Tuesday, mainly thanks to more optimism in industry, and the retail and services sectors.
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Speaking at the opening session of the high-level debate of the UN General Assembly Monday, Secretary-General Ban Ki-moon said a politically troubled world is suffering from a lack of empathy.
India’s central bank lowered interest rates more than expected to bolster the economy as China’s slowdown threatens global growth and a commodity rout contains inflation.
German annual inflation turned negative in September for the first time in eight months, preliminary data from the Federal Statistics Office showed, undershooting the consensus forecast for…
Turkey is interested in intensifying its cooperation with the Eurasian Economic Union, Turkey’s economy minister said Tuesday.
Weak Chinese industrial data and slackening demand for commodities the world over weighed heavily on Asian markets on Tuesday. Tokyo, Hong Kong, Shanghai and Sydney were all in negative territory…
The International Monetary Fund downgraded its economic forecast for Russia as it projects recession of 3.8% in GDP for 2015 and of 0.6% for 2016 in its new analytical research prepared to annual…
Qatar plans to invest $35 billion over the next five years in the United States, as the energy-rich country diversifies its global stakes, its sovereign wealth fund said Monday.
The Qatar…
Consumer and business confidence have increased sharply this month, Istat said on Monday, ANSA reported. The national statistics agency said its consumer-confidence index for September was 112.7…
The Russian market of mobile phones and smartphones in January-August of 2015 compared to the same period in 2014 decreased by 14% in quantity terms (to 23 million units), but increased by 5% in…
The number of passengers flying between Sydney and Melbourne in Australia rose 7.5% in July from the previous year, at a time when airfares are also rising, in a potential sign of rising business…
Prime Minister Narendra Modi plans on connecting 600,000 villages across India using fiber optic cable as part of his dream to expand the world’s largest democracy’s economy to $20 trillion.
China’s economic growth remains within a reasonable range as employment still holds up and household incomes rise, state television quoted Premier Li Keqiang as saying.
China’s favorable…
