The American government tends to see sanctions against Russia as a low-cost policy that will eventually force Vladimir Putin to change course in Ukraine.
World Economy
Gold futures were poised on Friday to suffer from their lowest settlement of the year, with prices feeling pressure from a rally in the US dollar after data showed the US economy added an…
Russian President Vladimir Putin has slashed his salary by 10% beginning March 1 as well as his administration’s salaries by the same amount beginning May 1, the Kremlin’s…
UK households’ inflation expectations fell to their lowest level in more than 13 years in February, according to the Bank of England, BBC reported. Inflation expectations for the year ahead fell…
Government bonds across the euro area advanced, sending yields to record lows, as investors absorbed details of the European Central Bank’s extended sovereign debt-purchase program, while the…
Commerzbank AG, Germany’s second-largest lender, will pay at least $1.4b to settle federal and state claims that it violated US sanctions laws, a person briefed on the matter said, Bloomberg…
Emirates Airlines is considering the purchase of up to 70 twin-engine Airbus A350s or Boeing 787s, company president Tim Clark said in Berlin Thursday, which would bolster the carrier’s long-haul…
Bank of America Corp. and its Merrill Lynch unit were sued by two former financial-adviser trainees who claim they weren’t paid overtime for 10-hour days, long nights and weekend work, Bloomberg…
One of the hottest topics around lately concerns the widespread effects of inequality. For example, evidence suggests that when inequality is very large, it can lower economic growth.…
German industrial production rose for a fifth month in January in a sign that the momentum in Europe’s largest economy is strengthening.
Three of the world’s five priciest cities are found in Europe, according to a survey comparing living costs in more than a hundred cities worldwide. But the award for most expensive city went to…
Switzerland’s central bank returned to profit last year thanks to the increased value of foreign currency and gold holdings, RTE News reported. But it warned shareholders that the volatility of…
Foreign ministers of Egypt, Sudan and Ethiopia have signed a declaration of principles on a multi-billion-dollar hydroelectric Ethiopian dam on the Nile, World Bulletin reported.
Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, once said. Add rising unemployment to the diagnosis, and his profession ascribes a…
The Turkish lira dropped to a historic low against the dollar Wednesday. The Turkish lira fell to a new record low of 2.5492 against the dollar, World Bulletin reported. So far this week, the…
With data showing that South Korea may be slipping toward deflation, Finance Minister Choi Kyung-hwan has called for higher wages to boost the depressed economy, NEWSIS reported. “Without a pay…
Royal Bank of Scotland Group Plc may cut more than two thirds of its investment-bank jobs as part of a plan to shrink the securities unit and focus on the UK consumer market, a person with…
Forecasts for China to surpass the US as the world’s main economic power are misplaced, so says an observer who foresaw Japan’s eventual demise a year before its land-price bubble began to burst…
Spain cannot say it has left behind its economic crisis until the sky-high unemployment rate returns to “normal levels”, EU chief Jean-Claude Juncker said in an interview published Wednesday.
The US has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
Asian markets headed lower on Wednesday as investors became cautious ahead of central bank meetings and economic data this week.
Investors are awaiting more details from the European…
Qatar’s economy is predicted to grow by 7% in 2015, as it forges ahead with huge infrastructure investment despite the slump in oil prices, PTI quoted leading economists as saying…
Brazil’s industrial production contracted sharply in December and finished last year with its worst result since the 2009 recession, as rising interest rates, weak demand and waning confidence…
Russia should decrease its dependence on outside factors while avoiding total self-isolation, Russian Prime Minister Dmitry Medvedev said Wednesday. “Under current conditions we need to…
The 19-country eurozone’s economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the US, Yahoo reported…
