World Bank to cut costs, bureaucracy: Kim
World Bank President Jim Yong Kim on Friday announced a program to slash costs and reduce bureaucracy at the huge development organization that is expected to result in significant layoffs.
US political deadlock threatens world economy: OECD
Failure to raise the US borrowing ceiling due to political deadlock could force most of the leading industrial democracies into recession.
Dubai property bounces but stirs fears of new bubble
Dubai's property sector is making a strong comeback five years after prices in the emirate nosedived, but a surge in demand and bouncing prices have triggered calls to remember the crisis.
'Pitiful' US infighting threatens world: Chinese media
Chinese state media hit out at US lawmakers Thursday, a week ahead of a potential US default, urging them to "stop manufacturing crises" that threaten the global economy.
Obama's 'missed opportunity' as China flexes muscles
Most Asia-Pacific leaders, themselves blooded in political trench warfare, sympathise with US President Barack Obama's unwillingness to desert his Washington fox-hole.
World fears US default, Obama warns
President Barack Obama warned Tuesday that world leaders were nervous Republicans would "blow up" the US economy, and vowed not to budge on his demand for the debt ceiling to be lifted without conditions.
Default fears fuel angst in shutdown Washington
The "unthinkable" threat of a US default weighed on Washington Monday, as a standoff over raising the government debt ceiling drowned out angst over a week-long government shutdown.
Palestinian GDP can expand by a third if Israel lifts limits: World Bank
The Palestinian economy could expand by over a third if Israel were to lift its restrictions on about 60 percent of the West Bank that it controls.
'God Particle' in focus as Nobel season kicks off
The Nobel season kicks off Monday amid expectations that the physics prize will honour the discovery of the "God Particle", while a Pakistani girl who was shot and nearly killed by the Taliban could receive the peace prize.
Shutdown forces EU, US to cancel trade deal talks
The second round of scheduled talks between top European Union and American officials to clinch the world's largest trade deal have been cancelled because of the US government shutdown.
Japan's Aso warns of 'consequences' of US debt default
Japanese Finance Minister Taro Aso on Friday urged the United States to resolve political gridlock in Washington, warning of grim "consequences" for the global economy if it leads to a debt default.
US default could be 'catastrophic': Treasury
The US Treasury warned Thursday of a disastrous outcome if Congress's refusal to raise the country's borrowing ceiling forces it to default on obligations.
Unemployment remains dark spot in Spanish economy
Spain's government sees light at the end of the tunnel with the end to a two-year recession but analysts warn joblessness will continue to weigh down the eurozone's fourth-largest economy.
Brazil economy in need of reforms, reduced state bloat
Brazil, Latin America's economic behemoth, is in dire need of structural reforms and reduced government bloat to fuel sustainable growth.
US economy faces hefty hit if government shuts down
A US government shutdown would hit an economy struggling to sustain its post-crisis rebound, but experts say the impact will only be substantial if Washington's political paralysis lasts several weeks.
Ecuador becomes visa-free for Kazakhstan citizens
Kazakhstan and Ecuador has mutually cancelled the need for visas.
Japan reports weaker August factory data ahead of tax hike decision
Japan's factory output slipped more than expected in August but the government put an upbeat gloss on the data Monday, a day before Premier Shinzo Abe issues his long-awaited decision on hiking sales taxes.
Chinese tourists, diplomats make a splash in the Maldives
The travellers pouring off flight LV199 from Shanghai into the international airport of the Maldives, many dressed in designer labels, are an unmissable sign of China's interest in the far-flung archipelago.
Algeria smuggling crackdown cuts fuel line to Morocco
Until three months ago, petrol smuggling literally drove Morocco's neglected eastern region, where the subsidised liquid smuggled in from Algeria fuelled the local economy.
Migrant workers keep Thai fishing industry afloat
Sifting through freshly caught sardines at a port in southern Thailand, Shi-Jai is one of thousands of migrant workers -- including women and children -- who keep the kingdom's huge fishing industry in business.
