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Economy

Japan avoids recession with surprise Q1 growth of 1.7 percent

Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.

Economy

UK April inflation slips

Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015 as the cost of airfares and clothes fell.

Business Series

Vodafone's underlying earnings rise, losses through Luxembourg tax hit

Mixed full-year results from Vodafone - underlying earnings rose 2.7%, but losses after taxation were 4.02 billion pounds.

Economy

German economic strength supports eurozone growth

Germany's economy performed much better than expected in the first three months of this year, making it again the driving force for the eurozone.

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Economy

US jobs gains hit seven month low in April

The US economy added the fewest number of jobs in seven months in April but it's not clear what effect that will have on the Federal Reserve's rate hike plans this year.

Economy

All signs point to weaker Q2 growth for the eurozone

Retail sales, business surveys and European Commission forecasts are all pointing towards weaker growth of the eurozone economy in the second quarter of the year.

Economy

EU executive cuts growth forecast for eurozone

The European Commission has cut its growth forecast for the eurozone. The EU executive now predicts 1.6 percent growth this year, down from from a

Economy

IMF sub-Saharan Africa 2016 outlook sees weaker growth

The IMF says 2016 will be another difficult year for sub-Saharan Africa because of factors including the steep decline in commodity prices, the Ebola outbreak and drought.

Economy

Eurozone manufacturing struggles in April

Eurozone factories did slightly better in April, but growth in activity remained weak even as companies cut prices deeply to make sales.

Economy

UK economic growth slows

Britain's economy slowed in the early part of this year, apparently effected by reduced global growth and uncertainty ahead of the referendum on the UK's European membership.

Economy

Saudi Arabia responds to low oil prices with economic reform plan

Saudi Arabia has unveiled an economic reform plan including selling part of its state energy giant Saudi Aramco and using the cash raised for a massive global investment fund.

Business

World Bank, IMF say growth lower and warn of new Greek crash

The World Bank and IMF, at their Spring meeting are urging Greece’s creditors to rethink their policies after studies concluded austerity was

Economy

Debt drags Chinese economy on

Latest figures from China’s National Bureau of Statistics are causing some economists to wonder if the worst is over in the contraction in the

Economy

Gloomy outlook for Greek economy as recession bites deeper

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

Economy

All major indicators show the UK economy at a 'low ebb'

UK growth looks set to slide according to the British Chamber of Commerce.

Economy

S&P downgrades eurozone economic growth and inflation forecasts

Rating agency Standard & Poor's has cut its forecasts for eurozone economic growth and inflation because of a recent "nosedive" in financial conditions.

Economy

Japan's economy still anaemic though Q4 contraction less than first estimated

Japan's economy contracted less than initially estimated in the final quarter of 2015 but private consumption remained weak, underscoring the challenges facing government attempts to restore growth

China

Growth on agenda as Chinese parliament opens

The Chinese government has put forward its five-year economic plan. Details were outlined at the opening of the National People’s Congress, the

Economy

Italy's GDP growth remains feeble

It has been confirmed Italy's economy grew by just 0.1 percent in the final three months of last year from the previous quarter.

Economy

Rating agency Moody's downgrades its outlook on China's debt

Moody's has downgraded its outlook on Chinese government debt to 'negative' from 'stable' due to uncertainty about economic reforms, rising debt and falling foreign currency reserves.