World economy

UK pledges $39 billion to cover economic cost of coronavirus

12 Mar 2020

BoE cuts rate to 0.25%, launches SME fund to offset COVID-19 effects

BoE cuts rate to 0.25%, launches SME fund to offset COVID-19 effects

12 Mar 2020

BoE said the reduction in Bank Rate is aimed at boosting business and consumer confidence at a difficult time, to bolster cash flows of businesses and households, and to overcome disruptions caused by the impact of COVID-19

And now, UK health minister Nadine Dorries tests positive for COVID-19

And now, UK health minister Nadine Dorries tests positive for COVID-19

11 Mar 2020

Dorries had attended meetings at Westminster and in her constituency, besides a reception hosted by Prime Minister Boris Johnson at Downing Street last Thursday

US Fed cuts rates by 50 bps to 1-1.25% in coronavirus fight

US Fed cuts rates by 50 bps to 1-1.25% in coronavirus fight

04 Mar 2020

Fed will reinvest principal payments from agency debt and agency mortgage-backed securities of up to $20 billion per month in treasury securities and those in excess of $20 billion per month in agency mortgage-backed securities

Malaysian PM Mahathir Mohamad in shock resignation

25 Feb 2020

Rishi Sunak replaces Sajid Javid as UK finance minister

Rishi Sunak replaces Sajid Javid as UK finance minister

14 Feb 2020

The 39-year-old Rishi Sunak, son-in-lay of Infosys founder Narayana Murthi, is set to move into No 11 Downing Street, next door to the Prime Minister’s Office as he takes charge of the second most important government position as the finance minister

The American Dream is back for all, says President Trump

The American Dream is back for all, says President Trump

05 Feb 2020

The American Dream is back” and is “stronger than ever before – for all of US citizens, including African-Americans, Hispanic-Americans, and Asian-Americans, Trump said in his State of the Union address

US Supreme Court approves linking use of public benefits to green card

28 Jan 2020

China warns of faster spread of Coronavirus as toll climbs to 80

China warns of faster spread of Coronavirus as toll climbs to 80

27 Jan 2020

Outside China, Canada reported its first case on Saturday while six cases were reported in Hong Kong; five each in Thailand and Macao; four in Australia; three each in South Korea, Taiwan, Singapore, Malaysia, Nepal and France; and two each in Japan, the US and Vietnam

WEF: Investor Soros flays Trump, Modi and Xi for nationalist fervor

WEF: Investor Soros flays Trump, Modi and Xi for nationalist fervor

24 Jan 2020

Speaking at the World Economic Forum in Davos, Soros said the rise of nationalism across the globe was the great enemy of open society and he blamed leaders like US President Donald Trump, China's Xi Jinping and India’s Narendra Modi for narrowing options for businesses

Queen sign Brexit Bill into law, clears way for 31 January exit from EU

Queen sign Brexit Bill into law, clears way for 31 January exit from EU

24 Jan 2020

The Brexit deal protects the rights of EU citizens, makes special trading arrangements for the British province of Northern Ireland, and settles the UK's EU debts, but leaves UK-EU ties largely the same while both sides try to agree a new trading and security partnership

China seals off Wuhan in stepped-up battle against Coronavirus

China seals off Wuhan in stepped-up battle against Coronavirus

23 Jan 2020

State television reported 571 confirmed infections, most of them in Wuhan and the surrounding province of Hubei, while cases have appeared elsewhere in China and countries, including Thailand, South Korea and the United States

Russian PM Dmitry Medvedev, govt resign under new Putin plan

Russian PM Dmitry Medvedev, govt resign under new Putin plan

16 Jan 2020

Media speculates that with the changes in the constitution and loyalists in key positions, President Putin is planning a comeback as Prime Minister, with more powers after the 2024 elections, circumventing or scrapping rule entirely as his fourth term in office ends

US, China sign Phase 1 trade deal

US, China sign Phase 1 trade deal

16 Jan 2020

The partial trade deal, under which China will purchase American goods and services worth at least $200 billion and frees Chinese-made cellphones, toys and laptop computers from new tariffs while halving the tariff rate to 7.5 per cent on about $120 billion worth of other goods, however, leaves the larger part of the deal to a “re-elected” President Trump

China to boost imports of US cars, aircraft, energy trade deal: report

14 Jan 2020

Iran rejects claims it mistakenly shot down crashed Ukranian plane

10 Jan 2020

Britain set to exit EU on 31 Jan as lawmakers approve Brexit deal

Britain set to exit EU on 31 Jan as lawmakers approve Brexit deal

10 Jan 2020

Brexit won’t end Johnson’s problems, rather it would only help start fresh negotiations on Britain’s future relationship with the EU, which may extend well beyond the year or leave Britain with a no-deal exit

Trade war with China helps pare US November trade deficit to a 3-year low

08 Jan 2020

British PM Boris Johnson wins parliament vote for Brexit deal

British PM Boris Johnson wins parliament vote for Brexit deal

26 Dec 2019

Once the bill is passed into law, the prime minister will have to face talks to secure a trade deal with the bloc and ensure that the talks conclude by the end of next year - another target date

US President Trump impeached for abuse of power, obstructing Congress

US President Trump impeached for abuse of power, obstructing Congress

19 Dec 2019

While the initiation of impeachment procedure is one of the most shameful episodes for an elected president, House Republicans are sure that the President did absolutely nothing wrong and that he will come out of the “entire sham impeachment” unscathed

US, China announce partial trade deal

US, China announce partial trade deal

16 Dec 2019

US will halve its 15 per cent tariff on nearly $120 billion in Chinese goods in return for China importing at least $200 billion worth of additional US goods and services over the next two years

PM Johnson’s Conservative party sweeps UK snap polls

PM Johnson’s Conservative party sweeps UK snap polls

13 Dec 2019

By 6:30am (06:30 GMT) today, with results in five seats still to be declared, the Conservatives have already secured 361 of the 650 seats in the House of Commons

China to phase out foreign computers, software in 3 years

China to phase out foreign computers, software in 3 years

10 Dec 2019

This is the first reaction from Beijing limiting China’s use of foreign technology and increasing its reliance on domestic technology after the US ban on Huawei

Finland gets its youngest-ever prime minister, Sanna Marin, 34

Finland gets its youngest-ever prime minister, Sanna Marin, 34

09 Dec 2019

The new ministry will formally take charge later tomorrow after President Sauli Niinisto appoints the new government on Tuesday

US threatens 100% tariffs on French Champagne over digital tax

US threatens 100% tariffs on French Champagne over digital tax

03 Dec 2019

France’s 3 per cent levy on revenue from digital services earned by firms with more than 25 million euros ($27.86 million) in French revenue and 750 million euros worldwide, was imposed after months of negotiations, but President Trump has not officially approved it

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