Beijing, China--China's exports and imports sank again in August, data showed Thursday, as the world's second-largest economy struggles with sluggish global demand and a wider slowdown. However, the pace of contraction slowed from the previous month and not as bad as feared. Overseas shipments sank 8.8 percent on-year, the customs authority...

Hiring in the United States heated up again in May, according to government data released, with the strong labor market defying expectations of a slowdown amid efforts to cool the world's biggest economy. The jobs market has been surprisingly robust even as regulators have worked to ease demand and tamp...

A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund's managing director warned. "With rising geopolitical tensions and high inflation, a robust recovery remains elusive," Kristalina Georgieva said in remarks ahead of the IMF and...

US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in over five decades, government data showed. The world's biggest economy added 517,000 jobs in January after a five-month slowdown in hiring, as the jobless rate edged down to 3.4 percent, said the Labor Department in...

Its operating profits in Q4 fell to $3.4 billion, a 69 percent drop.

Organizations that decide not to or are unable to act will continue to find themselves patching together reactive solutions to problems. If 2023 is a year of slowdown, instead of battening down the hatches, firms should use the opportunity to move toward smarter manufacturing, he adds.

Firm's result is seen as a gauge of Chinese consumer sentiment.

The fear of the global organizations such as International Energy Agency that the OPEC+ decision would increase energy security risks worldwide, leading to higher prices and volatility, and potentially ending up being the tipping point for a global economy was proved wrong, he adds.

Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and stores amid soaring inflation and high cost of fuel.

Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and stores amid soaring inflation and high cost of fuel.

A year after it posted sharp growth, global trade in goods and services is expected to slow down, according to the UN's estimate.

The airline reported an overall loss of $4.1 billion for the year to March 31, double the figure for the same period the year before due to the coronavirus travel downturn. Qatar is among several governments that have stepped in to support their national carriers through the coronavirus shutdown, which...