Economy

Paris: France’s unemployment rate dropped to its lowest level in almost four years, helping President Francois Hollande fulfill a promise to cut...

London: Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Gulf producers, the...

Cairo: Egypt has reached an initial agreement with the International Monetary Fund on a loan designed to help it revive its struggling economy, according to...

Beirut: Saudi Arabia’s budget deficit will probably narrow to below 10 per cent of economic output next year as the government delivers on its pledge to...

Three U.S. senators asked the Federal Trade Commission to investigate the impact of airbnb Inc. and other home-rental websites on housing markets,...

Washington: U.S. job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a...

Washington: The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over uncertainties sparked by Britain's...

Harare: Zimbabweans stayed at home on Wednesday and foreign banks and most businesses in the capital shut down, in one of the biggest protests against high...

London: Britain's pound slumped to a new 31-year low on Wednesday, dipping below $1.28 at one point in Asian trading, as investors shunned the currency...

Federal Reserve officials cleared dozens of U.S. banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again,...