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Panama Papers Boost Tax Battle, but No Silver Bullet

The Panama Papers have given ammunition to the fight against tax evasion, but much still needs to happen before the world's tax dodgers run out of places to hide money, experts say.

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Power Struggle Rages over Russia's State Statistics

Reports that Russia's economy ministry is set to take control of the national statistics agency has sparked fears that indicators crucial to monitoring the country's economic woes could become skewed.

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China to Create New Economic Zone outside Beijing

China will create a new special economic zone outside Beijing similar to those established in Shenzhen and Shanghai, the government said, in a bid to boost flagging growth and reduce the strain on the capital.

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Greek PM Says Deal with Creditors Hinges on Debt Relief

Greek Prime Minister Alexis Tsipras said Sunday that "significant steps" would be needed on reducing his country's debt in order for Athens to finalize a long-delayed deal with its international creditors.

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UK Trade Delegation Heads to India after Brexit Trigger

British finance minister Philip Hammond will head a business delegation to India next week in an effort to boost international trade as Britain begins the process of leaving the European Union.

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Turkey Dodges Recession, but Annual Growth Rate Halved

Turkey dodged a recession as the economy returned to growth in the last three months of the year, data showed Friday, but its annual growth rate slowed sharply.

The Turkish economy rebounded with 3.8 percent growth in the final quarter of the year compared with the previous three month period, when it shrank by 2.7 percent on a seasonally and calendar adjusted basis, according to the Turkish Statistics Office (TUIK).

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Nigeria's Central Bank Moves on Forex to Boost Economy

Nigeria's central bank has made moves to strengthen the naira currency to boost domestic manufacturing and lift the economy out of recession caused by the slump in global oil prices.

But analysts said the measures do not go far enough and foreign investment would only return to Africa's most populous nation once the market determines the currency's true value.

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German Unemployment Hits New Record Low

Unemployment in Germany hit a new record low in March, official data showed Friday, as Europe's largest economy continues to defy economic uncertainty with a strong performance.

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IMF to Consider Ukraine Loan Approval on April 3

The International Monetary Fund said Thursday it will discuss on April 3 whether to approve the next $1 billion loan payment for cash-strapped Ukraine after earlier postponing the decision.

"Consideration ... is being scheduled for April 3, 2017," Jerome Vacher, the IMF's representative in Ukraine, said in a statement. 

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H&M Launches New Upmarket Brand as Profits Slow

Swedish clothing giant Hennes and Mauritz (H&M) Thursday announced the launch of its eighth fashion brand as tough market conditions in the US and Central Europe hurt profits.

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