Petrol prices fell 6.6 per cent, the biggest drop since December 2008, after declining 3 per cent in October. Petrol has now declined for five straight months

US consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but this probably will not change views the(...)

A man standing under a board showing currency exchange rates in Moscow yesterday. Photograph: Reuters/Maxim Zmeyev

Only a few weeks ago Russian bankers, corporate executives and government officials described the country’s economic woes as manageable, albeit painfu(...)

A worker collecting a crude oil sample. The oil price slide from $115 a barrel six months ago has come amid relentless US shale oil production and output from Opec countries that has exceeded targets

Oil’s fall below $60 a barrel to five-and-a-half year lows gathered pace on Tuesday after data showed Chinese factory activity had weakened. ICE Janua(...)

Annual inflation in Germany fell to its lowest level in nearly five years in November.  Photo: Bloomberg

Annual inflation in Europe’s largest economy fell to its lowest level in nearly five years in November, suggesting the risk of deflation in the wider (...)

 A construction site in Beijing’s central business district. China’s gross domestic product expanded 7.3 per cent from a year ago in the third quarter, compared with 7.5 per cent in the second quarter and 7.4 per cent in the first quarter of this year, data from the National Bureau of Statistics showed.

China’s economy expanded at its slowest pace since the global financial crisis, data showed yesterday, as the world’s second biggest economy struggled(...)

A broker looks at his screens at the stock exchange in Frankfurt, Germany today. The stock index DAX fell under 8500 points. (Photograph: Michael Probst/AP)

The global economy faces its biggest test of confidence since the European sovereign debt crisis as investors fear it’s running out of engines. Japan (...)

New figures also show a decline in exports in September in the euro zone

Deflation hit five peripheral euro zone countries in September as inflation slipped to its lowest for five years and exports faltered, data on Thursda(...)

New properties in Taiyuan, Shanxi province: Data from the China Real Estate Index System (Creis) showed weak momentum in the property market continued for the fourth month in a row. Photograph: Reuters

Hangzhou, Chongqing, Xian, Wuhan . . . driving through China’s second- and third-tier cities for the past couple of years, it’s been hard not to think(...)

Sky high:  workers have just topped off the Shanghai Tower, currently the world’s second-largest skyscraper.  Photograph: Reuters

Clifford CoonanTaking a good, stand-back reading of the Chinese economy is always a difficult task, especially if one’s spectacles do not happen to be(...)

Shenzhen has 10 per cent the number of luxury goods shops Hong Kong has, and a third of Beijing’s and Shanghai’s. Photograph: Philippe Lopez/AFP/Getty Images

Shenzhen trails Hong Kong in the consumption of luxury goods, with spending hit by the Chinese government’s crackdown on corruption and by local peopl(...)