Economy

REUTERS photo Eight men own the same wealth as the poorest half of the world’s population, a level of inequality which “threatens to pull our societies apart,” Oxfam said on …

REUTERS photo The 47th Annual Meeting of the World Economic Forum (WEF) will take on Jan. 17-20 in Davos-Klosters, Switzerland, under the theme of “Responsive and Responsible Leadership.” More than …

AFP photo Shares in German carmakers BMW, Daimler and Volkswagen fell after United States President-elect Donald Trump warned he will impose a border tax of 35 percent on vehicles imported …

REUTERS photo A $3 billion dispute between two adversarial governments will come to a head in an English court on Jan. 17 when Russia and Ukraine meet for a first …

Egypt”s Finance Minister Amr El-Garhy  Foreign investment in Egyptian treasury instruments could rise to $10-$11 billion in a year’s time as economic reforms buoy investor confidence, Finance Minister Amr El …

AFP photo The global economy is in better shape than it’s been in years. Stock markets are booming, oil prices are on the rise again and the risks of a …

The European Union’s chief Brexit negotiator has told colleagues that they need to strike a “special” deal with Britain’s finance sector in order to keep credit flowing to the continent, …

 Libya’s oil production is up to 750,000 barrels per day (bpd), the deputy leader of the U.N.-backed government said on Friday, a rise of about 50,000 bpd from last week. …

Annual inflation in Nigeria rose in December to 18.55 percent, the National Bureau of Statistics said on Friday, its highest in more than 11 years and the eleventh straight monthly …

AFP photo Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a …