World economy

Italian elections stoke euro crisis fears

27 Feb 2013

Wealth inequality between whites and blacks in US worsens

27 Feb 2013

The wealth gap between blacks and whites in the US has nearly tripled over the past 25 years, largely due to inequality in home ownership, income, education and inheritances

US sees larger role for India in Afghanistan

27 Feb 2013

Japan approves $142-bn extra stimulus

27 Feb 2013

The measure, approved by the lower house of parliament two weeks ago, was cleared yesterday by the opposition-dominated upper house.

Kerry pushes US-EU free trade

26 Feb 2013

Italian elections end on inconclusive note

26 Feb 2013

White House braces for sequester

26 Feb 2013

Eight million in UK without savings: Report

25 Feb 2013

China manufacturing at slowest growth pace in four months

25 Feb 2013

ADB president Haruhiko Kuroda expected to head Bank of Japan

25 Feb 2013

Haruhiko Kuroda, with his overseas connections and language skills, is widely expected to win foreign understanding for Prime Minister Shinzo Abe’s monetary policy

Despite recession, Americans spent $53 bn last year on pets

23 Feb 2013

Unable to find a job, an owner even went to the extent of selling his home to raise money to continue to be able to keep caring for his pets

Security environment in Asia Pacific becoming more difficult: says Japanese PM

23 Feb 2013

Moody’s strips UK of 'AAA' sovereign rating

23 Feb 2013

The UK suffered its first ever sovereign ratings downgrade from a major agency yesterday when it was stripped of its coveted top-notch triple-A rating, by global ratings agency Moody’s

Eurozone economy to shrink 0.3-per cent in 2013

23 Feb 2013

The EU said yesterday the economic downturn in the eurozone will continue for one more year in the wake of continuing debt crisis in the region, lack of credit growth and rising unemployment

UK manufacturing activity picked up in February

22 Feb 2013

Russia lost $49 bn in illegal transfers: Bank of Russia

21 Feb 2013

EU negotiations on bankers’ bonus stall

20 Feb 2013

Tax avoidance costs UK treasury £5 billion a year: Labour MP

19 Feb 2013

French dairy major Danone to eliminate 900 jobs in recession-hit Europe

19 Feb 2013

UK outlook downbeat amid falling footfalls in high street

19 Feb 2013

Only a third of Britons want to stay in EU: Poll

18 Feb 2013

Osborne calls for addressing ‘profit shifting’ by multinational companies

18 Feb 2013

Yen down after G20 meet

18 Feb 2013

G20 steers clear of 'currency war' talks; budget woes persist

16 Feb 2013

The Group of 20 nations meeting in Moscow today agreed to defuse all talks of “currency wars” and instead target debt reductions in order to save the global economy from its current fragile state

Meteor showers in Russia injure 1,200

16 Feb 2013

According to Russia’s national space agency Ruscosmos, the object that caused the damage had been a single meteorite moving at a speed of 30 km per second, which burned up as it approached the earth and disintegrated into smaller pieces