World economy
China’s new air purification tower deemed a success
17 Jan 2018
The experimental air purification tower, claimed to be the world's biggest air purifier by its operators, has brought a noticeable improvement in air quality, according to the scientists leading the project
China weighs halt to purchases of US debt securities
11 Jan 2018
China, with its huge pile of US treasuries, is unlikely to take any hasty decision that would destabilise the market as it would amount to a monetary 'hara-kiri’
Narayana Murthy’s son-in-law Rishi Sunak enters UK govt in May reshuffle
10 Jan 2018
Rishi Sunak, seen as a rising star in the Conservative party, will be the parliamentary undersecretary of state in the ministry of housing, communities and local government
US now says no change in H-1B extension rules
09 Jan 2018
The US Citizenship and Immigration Services has clarified that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country, giving a big relief to Indian technology employees under US work visa
Rohingya insurgents regrouping to fight Myanmar state: report
08 Jan 2018
The Arakan Rohingya Salvation Army (ARSA) did not reveal the whereabouts of its leader Ata Ullah, but Myanmar suspects the insurgents who fled to Bangladesh have slipped back into Myanmar to launch attacks
Iceland becomes first nation to legislate equal pay for women
05 Jan 2018
Iceland has set an example in the new year for the world to follow, or so at least women would agree. A law which came into effect on 1 January makes it mandatory for companies to demonstrate that they pay their female and male employees equally
US to suspend $1.3 bn a year military aid to Pakistan
05 Jan 2018
The aid could be resumed if Pakistan takes ‘decisive action’ against the Afghan Taliban and the Haqqani network, the US said, but Mumbai attacks mastermind Hafeez Saeed and his LeT did not factor in the decision
Trump threatens to sue Steve Bannon over book revelations
04 Jan 2018
The damning portrait of White House infighting and presidential incompetence has become the top bestseller on Amazon, and prompted President Trump to say his former aide 'has lost his mind'
President Rouhani accepts Iranians’ right to protest, calls for peace
01 Jan 2018
From the capital, Tehran, to Kermanshah in the west and the holy city of Qom in the north, Iranians defied police to vent frustration against a government that allows limited space for dissent.
Goldman to take $5bn hit from new tax regime, but gain ultimately
30 Dec 2017
As a result of the new tax changes introduced by President Trump, Goldman Sachs expects to report a loss for the last quarter of 2017, even though ultimately banks will be among the largest beneficiaries of the new tax code
China’s digital leap poised to dominate global competitiveness: McKinsey
30 Dec 2017
China, already a global force in digital technologies, is set to experience huge shifts in revenue and profits as businesses digitize, boosting the economy’s international competitiveness, says a new report from McKinsey Global Institute