The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them.
A strike by employees of Pakistan’s national airline carrier has severely disrupted air travel in the country and stranded thousands of travelers around the world.
The Romanian government has proposed a new bill under which people who practice witchcraft can be fined or even imprisoned if their predictions do not come true.
The 60-member team of Pakistan Prime Minister Yousuf Raza Gilani has resigned en-masse on Wednesday to facilitate pruning of the cabinet which should not exceed 48 members as per the country's constitution.
Japan should work on its huge public sector debt and budget deficit and Japanese banks should secure more capital, a senior International Monetary Fund (IMF) official has said.
The Southern Africa Customs Union (SACU) is considering a major overhaul of revenue-sharing that will see South Africa keeping a far bigger slice of pooled customs receipts, according to a policy document.
The International Monetary Fund on Monday approved, as expected, a $509 million credit facility to help Kenya boost its international reserves.
Fundamentals and nasty surprises are on investors minds heading into February, with big tests in the coming week about jobs and inflation and increasing worries over Egypt and its region.
Burundi's annual inflation rate dropped to 6.5 percent last year from 10.5 percent 2009 thanks to lower food costs, but prices will likely rise again in 2011, the country's statistics board said on Friday.
The ongoing anti-government protests on the streets of Cairo and other Egyptian cities represent the biggest public demonstration in the country since the famous ‘bread riots’ which occurred exactly 34 years ago.
Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.
In his opening speech at the Davos world economic forum in Switzerland, Russia’s President Dmitry Medvedev touched on a number of subjects, including why he was late to the confab – the suicide bombing in a Moscow airport that killed 35 people.
Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.
The International Monetary Fund (IMF) said it expects India to grow at 8.4 percent in 2011 and fall to 8 percent, unchanged from its prior estimate as the two-speed global recovery will continue.
Millions of children worldwide die every year from preventable diseases and the bad situation is only going to worsen due to an increasing shortage of healthcare workers.
Ireland plans to use some of its 24 billion euro pension reserve fund to purchase its own bonds, a move some say is akin to national cannibalism.
Political parties in Ireland will hold crisis talks following the abrupt departure of the Green Party from the coalition led by Prime Minister Brian Cowen.
Private-sector lender Yes Bank posted a 51.6 percent rise in quarterly net profit in Oct-Dec, as both advances and deposits rose.
Burundi's year-on-year inflation rate rose for the third straight month to 6.3 percent in December from 5.5 percent a month earlier, partly due to higher transport costs, official data showed on Wednesday.
Even as the rest of Europe remains on an edge about its economic recovery, Germany continues to post strong growth, as shown by the German investor confidence indicator on Tuesday.
Mid-cap banks are likely to report another strong quarter of healthy profits in Oct-Dec on robust credit growth, but stressed liquidity in a rising interest rate environment could obstruct growth going forward.
Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.
