Economy

UK unemployment fell by 65,000 to 1.36 million in three months to June – the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show. They also show a rise...

The US economy added 157,000 jobs in July – 33,000 fewer than expected and well below the 248,000 created in June. Economists had forecast that the number of jobs created would be close to 190,000 for...

The Indian government on Saturday exempted sanitary pads used by women from the Goods and Services Tax (GST). GST was reduced on many other items, said an official statement issued by finance minister Piyush Goyal. It...

Japan logged a trade surplus in June, after booking a deficit the previous month, official data showed Thursday, with exports rising despite ongoing international trade tensions. Finance ministry data showed a surplus of 721.4 billion yen...

Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday. The South American nation earns 96 percent of...

Iran’s non-oil trade with the BRICS nations declined 8.68 percent in volume but increased 7.4 percent in value during the last Iranian fiscal year compared to the corresponding year before, local media Eghtesad Online reported on...

Inflation in Turkey surged to over 15 percent in June for the first time in almost one-and-a-half decades, official statistics showed on Tuesday, putting new pressure on the government of President Recep Tayyip Erdogan to quell...

Saudi Arabia’s economy pulled out of recession in the first quarter of 2018, thanks to rising oil prices and a surge in the non-crude sector, authorities said on Sunday. The kingdom’s economy grew by 1.15 percent in...

Oil prices rose on Tuesday, supported by production losses in Canada, Libya and from the Neutral Zone between Saudi Arabia and Kuwait, but under pressure from higher supply from elsewhere in OPEC and escalating trade conflicts....

Enterprise Singapore, a government agency that champions enterprise development, announced on Monday Singapore’s non-oil domestic exports (NODX) grew 15.5 percent year on year in May. Singapore saw the NODX decline by a revised 3.1 percent year on...