Economy News

FILE PHOTO: German Economy Minister Peter Altmaier speaks during a news conference at the Federal Ministry for Economic Affairs and Energy, in...

Around four-fifths of German firms with foreign exposure have experienced a collapse in revenues as a result of the coronavirus crisis, and 93%...

British finance minister Rishi Sunak will announce on Wednesday his next moves to prevent a wave of job cuts from snowballing into a full-blown...

Orders for infrastructure materials and equipment have helped industrial output recover faster in China than most places emerging from COVID-19...

British house prices fell for a fourth month in a row in June as COVID-19 restrictions continued to depress the market, the longest run of monthly...

Germany’s industrial production rebounded in May, rising by 7.8% for the month after falling by a revised 17.5% in April, the Statistics...

The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission...

Consumers in the euro zone returned en masse to shops in May as lockdowns were eased in the bloc, estimates from the EU statistics agency showed on...

Investor morale in the euro zone improved for a third month running in July but a dip in expectations suggests the recovery from the impact of the...

Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data...

Singapore authorities said they launched an investigation into Citadelle Corporate Services, Senjo Group and its subsidiaries after scrutinising...

The plunge in euro zone business activity caused by lockdowns imposed to stop the spread of the coronavirus eased sharply last month as more...

Canada’s exports rose in May as auto industry production resumed and on higher crude prices, though imports fell on supply challenges tied to...

World food prices rose in June to post their first increase of 2020 and mark a slight rebound after the sharp falls triggered by the coronavirus...

Unemployment in the euro zone edged up only slightly and by less than expected in May as lockdowns gradually eased, although the rise was more...

St. Louis Federal Reserve president James Bullard told the Financial Times that a wave of “substantial bankruptcies” triggered by the...

U.S. employers announced an additional 170,219 job cuts in June as the recession caused by the COVID-19 depresses demand and pushes companies into...

By the beginning of the third quarter, a mixed picture of economic recovery has emerged across countries and sectors. In short, there are no...

Saudi Arabia’s central bank governor said the International Monetary Fund’s economic contraction forecast for Saudi Arabia was...

Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included...

China’s factory activity expanded at a stronger pace in June in a boost to hopes for a quick economic recovery globally and at home, but the...

Japan’s industrial output fell for a fourth straight month in May to the lowest level since the global financial crisis and the jobless rate...

German annual inflation accelerated at low levels in June, preliminary data showed on Monday, but remained well below the European Central...

Germany cannot accurately forecast its 2020 refinancing volume due to high uncertainty related to the coronavirus pandemic, the head of the...

 Bank lending spreads in Brazil fell in May to 24.6 percentage points from 26.2 percentage points in April, while the 90-day default ratio...

Austrian economic output will likely not reach its pre-crisis level by the end of 2021 after experiencing a short but deep recession this year due...

To kick-start a world economy devastated by coronavirus, central banks have delved deep into their toolboxes and unleashed trillions of dollars in...

Orders for durable goods such as autos surged in May after historic declines in the early spring when the U.S. was locked down, but manufacturers...

Annual inflation in Brazil fell in June to its lowest in at least 20 years, according to a mid-month measure of consumer prices on Thursday,...

British retailers remained gloomy in the run-up to non-essential stores being allowed to reopen to the public on June 15, a survey from the...

Lockdowns are sharpening the knives in the cut-throat world of M&A banking. Stuck at home, armed only with a phone and a laptop, senior...

The tech-heavy Nasdaq keeps setting new records, and gold is on a roll, closing at its highest level since 2012. That is not the typical...

European stocks and U.S. futures slumped as a resurgence in virus cases in Tokyo, Germany and the American South sharpened concern about the pace...

China’s Ministry of Finance said on Wednesday it would extend a waiver on port construction fees for imported and exported cargoes until the...

U.S. White House Advisor Peter Navarro said on Monday of the trade deal with China that “it’s over”, scaring the markets. These...

The state of the euro zone’s business activity is the main focus for European markets on Tuesday, with investors eager to digest the latest...

India is one of the world’s worst hit countries in the coronavirus pandemic, with reported cases spiking in recent weeks as the country...

Japan’s core consumer prices fell for a second straight month in May, reinforcing deflation expectations and raising the challenge for...

Greece’s jobless rate fell to 16.2% in the first quarter from 16.8% in the fourth quarter of 2019, data by the country’s statistics...

Services activity in Brazil slumped 11.7% in April, figures showed on Wednesday, the biggest fall since comparable record-keeping began nearly a...

U.K. inflation slowed to just a quarter of the Bank of England’s target in May, boosting the case for policy makers to add to their stimulus...

After reopening factories and sorting out supply chains, Europe's car makers are facing a new problem related to the coronavirus pandemic: a...