In his latest attempt to focus voters on the potential hit to the economy from an "Out" vote, British finance minister George Osborne said that Britain could sink into a year-long recession if it votes to leave the European Union.   "The British people must ask themselves this question: can...

The British retail sales sector seems to have caught up unexpectedly with a positive rebound. Following the consecutive weak performance, the British economy just got a new boost of “1.3 percent” in the month of April 2016 in its retail sales’ figures.   After facing a fall of “0.5 percent”...

Eurostat has summed up the first quarter of 2016. EU’s GDP grew by 1.7 percent as a whole, while some countries experience a glut, and others are on the brink of recession. EU economy welcomed 2016 with not very fast, yet steady growth. In the first quarter, the total GDP of all 28 EU countries...

The stage for G7 advanced economies could become one for agreement between the countries to "go-your-own-way" response to address risks hindering global economic growth at their finance leaders' gathering due to a rift on fiscal policy and currencies.   The G7 policy response to anemic...

With an ability to access the internet from anywhere in the world, 7% of the world population (500 million people) can overcome poverty, and global GDP will increase by $ 6.7 trillion. This is stated in a new report on a study conducted by Strategy &, PwC division to assist in the area of strategic...

After keeping them a close secret for more than four decades, the US Treasury Department released a breakdown of Saudi Arabia’s holdings of U.S. debt.   According to data the Treasury disclosed Monday in response to a Freedom-of-Information Act request submitted by Bloomberg News, the...

A Tory minister campaigning for Brexit has termed as “incredibly dangerous intervention” that has increased financial instability, the Bank of England’s warning that leaving the EU could lead to a recession.   The Bank’s governor Mark Carney was accused of disrupting the markets and...

The impact of Britain leaving the European Union would range from "pretty bad to very, very bad" and that there were no economic positives to it taking the step, said International Monetary Fund chief Christine Lagarde.   If voters opt to leave the European Union after the referendum next...

In April 2016, retail sales in the US increased by 1.3% compared with the previous month, according to the Ministry of Commerce data. The growth rate was the highest since March 2015. Analysts surveyed by Bloomberg expected a less significant increase in the index - by 0.8%. In March, retail...