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Latest news about the state of the world economy.
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Nigerian President Continues to Fight Corruption and Downtrodden Economy
After a year in office, President Muhammadu Buhari has failed to kick-start the economy, but he presses forward. Corruption, depleted foreign reserves, and lower oil prices remain an impediment...
Singapore, Iran Sign Investment Treaty
Following its landmark agreement with the international community regarding halting its nuclear weapons development programs, Iran has exploded onto the world stage. In what is the most recent in...
GDP Revision Bolsters Economic Confidence
A sudden and surprising revision to U.S. GDP growth is bringing newfound confidence that the American economy is getting better. After a number of weakening economic indicators, including rising...
Moldovan Public Livid as Corruption Strangles Economy
Moldova’s government contends with widespread protests, as citizens grow furious with a system managed by oligarchs, according to Voice of America. Financial supporters from the West have frozen financial...
Jordan Seeks Additional Funds from World Bank to Deal with Refugee Crisis
On Sunday, Jordan asked the World Bank to increase its financial support to the Middle Eastern nation that now claims that one-third of its population consists of refugees. The...
Canadian Lenders Feel Sting of Low Oil Prices and Slow-Growth Economy
Canada’s major banks, such as Toronto Dominion Bank and Royal Bank of Canada, failed to meet profit targets as the economy struggles, according to Reuters. Banks have been especially...
U.S. Wins WTO Solar Panel Case against India
On Wednesday, the World Trade Organization (WTO) announced its ruling in a case brought by the United States against India. In the case, the U.S. argued that India imposed...
The Week in Review: Data Points to Weak U.S. Economy
Several studies this week pointed to worsening economic conditions in the United States. The Chicago Federal Reserve announced that its National Activity Index rose to just 0.28, slightly better...
Mozambique Armed Forces Accused of Atrocities as Political Violence Grows
Human Rights Watch has called for a government investigation into the military for alleged executions and sexual assaults against citizens, according to the Associated Press. Over 6,000 people have...
Kazakhstan joins EAEU Free Trade Agreement
Similar to the North American Free Trade Agreement (NAFTA), Europe and Asia have a free trade agreement of its own as part of its Eurasian Economic Union (EAEU). Kazakhstan...