Greece’s exit from its international bailout is a bittersweet moment – a time for serious reflection rather than jubilation. Millions of Greeks have s(...)

The new five and ten Bolivar Soberano (Sovereign Bolivar) bills. As it tries to curb hyperinflation - which, by some measurements, is the worst in Latin American history - the government is also slashing fuel subsidies and raising the minimum wage by 3,000 per cent.

Venezuela resorted to desperate measures to arrest an economic collapse on Monday, lopping five zeros off the bolívar, devaluing it by 95 per cent and(...)

The sell-off represents a vote of no-confidence in a system of government that handed President Recep Tayyip Erdogan unrivaled authority.

Turkey’s lira looked set to continue its precipitous fall, with the currency quoted at unprecedented levels above 7 per dollar early Monday in Asia af(...)

Market trading in Istanbul, Turkey. Finance minister  Berat Albayrak said the government would be asking ministries for expenditure cuts of 10-30%.   Photograph: Nicole Tung/Bloomberg

Turkey has set out plans to cut spending to bolster the lira as it seeks to navigate a way out of the crisis that has hit the currency and shaken emer(...)

Zimbabwe’s president, Emmerson Mnangagwe, at a press conference in Harare on Friday following his election. Photograph:  Dan Kitwood/Getty Images

Emmerson Mnangagwa’s tenure as Zimbabwe’s newly elected president has got off to a rocky start. He narrowly secured a five-year term in an election (...)

Central London’s best areas have suffered the most. Photograph: Chris Ratcliffe/Bloomberg

From London to Sydney and Beijing to New York, house prices in some of the world’s most sought-after cities are heading south. Tax changes to damp d(...)

A man walks past an election poster of the victorious Imran Khan, head of the Pakistan Tehreek-e-Insaf party, at a market in Islamabad, Pakistan. Photograph: Anjum Naveed/AP Photo

Imran Khan’s victory in Pakistan’s general elections falls short of an overall majority but heralds a breakthrough in a country whose politics have hi(...)

Imran Khan after casting his vote in the general election, in Islamabad, on Wednesday. As prime minister his top challenges will be to strengthen institutions and stamp out corruption. Photograph: Aamir Qureshi/AFP/Getty Images

Imran Khan doesn’t do self doubt. When the former cricketer claimed victory in Pakistan’s election in a live address to the nation, he appeared typica(...)

An increase in public investment in an economy close to full employment “may require counter-vailing measures to be introduced”, a Central Bank article has said. Photograph: Alan Betson/The Irish Times

The Central Bank has warned that any increase in capital spending needs to be budget neutral to avoid building up debt as this could contribute to wag(...)

Cricket star-turned-politician Imran Khan  gives a speech as he declares victory in the general election in Islamabad. Photograph: PTI/Reuters

Imran Khan has claimed victory in Pakistan’s general election, a historic win that upends decades of dominance by the country’s two most-established p(...)

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