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15 Dec 16
An economic slowdown in India, partly triggered by the botched withdrawal of two high-denomination banknotes, is having wider regional effects and has prompted the Asian Development Bank to trim its...
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14 Dec 16
Greeks are unhappier with their lives than citizens in a host of post-communist and less developed nations across Europe and central Asia, according to a survey.
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14 Dec 16
The International Monetary Fund has congratulated Spain on an “impressive” economic recovery.
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14 Dec 16
The world’s 48 poorest countries have fallen further behind the rest of the world due to the recent collapse in commodity prices, which has caused growth in this group to slump to its weakest level...
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13 Dec 16
Syria’s brutal five-year civil war could have cost the country as much as $38bn in lost growth, researchers from the UK have estimated.
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13 Dec 16
Claims the International Monetary Fund is demanding more austerity in Greece amount to ‘turning the truth upside down’, the fund has argued.
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12 Dec 16
Governments should focus spending on mental health and wellbeing, researchers have argued, after a study found these are more closely linked to happiness than financial problems or poverty.
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12 Dec 16
Brazil’s planned 20-year government spending freeze will breach citizens’ human rights, a United Nations expert has concluded.
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12 Dec 16
Venezuela’s largest bank note will be pulled from circulation this week in a surprise move announced by the country’s president Nicolas Maduro yesterday.
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9 Dec 16
European Union protections against pandemics that could spread quickly throughout the bloc suffer from “significant weaknesses”, the European Court of Auditors has found.
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9 Dec 16
International lawmakers have signed an open letter urging their governments to pursue greater tax transparency following a summit on the issue in the UK today.
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9 Dec 16
The European Central Bank is to scale its quantitative easing programme back by €20bn per month from March 2017.
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8 Dec 16
India’s central bank has defended the government’s decision to pull two high denomination rupee notes out of circulation, a move that sent the country into disarray.
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8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
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7 Dec 16
Strengthening trade links and attracting foreign direct investment will contribute to Asia and the Pacific’s growth, and help improve resilience to emerging protectionism, according to the...
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6 Dec 16
Eurozone finance ministers have agreed on short-term debt relief measures for Greece, but remain divided on the country’s fiscal targets and the reforms needed to reach them.
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5 Dec 16
Venezuela is to introduce a new bank note worth 200 times its current, highest denomination in a bid to ease transactions in its rapidly inflating economy.
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5 Dec 16
Italian prime minister Matteo Renzi has resigned after suffering a decisive defeat in a referendum to alter the country’s constitution, fiercely resisted by anti-establishment parties on the far...
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2 Dec 16
The mayors of four major capital cities have committed to taking all diesel-powered vehicles off their streets by 2025.
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2 Dec 16
The European Union is set to crack down on overseas firms illegally shipping small items to customers within the bloc without charging VAT.
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1 Dec 16
Tax officials from Kenya are to help their counterparts in Botswana audit multinational firms as part of a tax assistance project under the Tax Inspectors Without Borders (TIWB) programme.
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1 Dec 16
The election of incoming US president Donald Trump looks set to hurt Africa’s access to finance for key projects at a time when economic growth is already slowing, the UK’s Overseas Development...
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1 Dec 16
Ratings agency Fitch has applauded oil cartel OPEC’s deal to cut production for the first time since the financial crisis as a big step towards stabilising depressed prices, but only if producers can...
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1 Dec 16
Mayors from across the Americas, Asia and beyond have pledged to lead the charge on climate change, and said they won’t let US president-elect Donald Trump get in their way.
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30 Nov 16
The European Commission has announced proposals to restrict subsidies for coal and cut the European Union’s energy usage by 30% by 2030.