World economy
Boris Johnson resigns as British prime minister
08 Jul 2022
At least 32 British lawmakers, including Treasury chief Rishi Sunak and Health Secretary Sajid Javid, left Johnson’s government in less than 24 hours, saying the Tory leader no longer has their confidence
Chernogolovka gains as Coca-Cola, Pepsi suspend Russian operations
01 Jul 2022
Chernogolovka, an aerated drinks company named after a town outside Moscow where it was founded in 1998, is reported to have more than doubled its presence in hotels, restaurants and cafes so far this year
World Bank fears a possible rerun of the 1970s ‘stagflation’
09 Jun 2022
Stagflation is a situation when high prices – mostly of oil and food - cause high inflation worldwide even as economies dependent on imports face recession
Quad plans over $50 bn infastructure investment in Asia-Pacific
25 May 2022
The Quad leaders said they will champion adherence to international law, as reflected in the UN Convention on the Law of the Sea (UNCLOS), and the maintenance of freedom of navigation and overflight, to meet challenges to the maritime rules-based order, including in the East and South China Seas
Sri Lanka govt plans to sell airline; prints money to pay salaries
23 May 2022
The nation has only one day’s stock of gasoline and the government is working to obtain dollars in the open market to pay for three ships with crude oil and furnace oil that have been anchored in Sri Lankan waters, the newly appointed Prime Minister Ranil Wickremesinghe said
Ray of hope as Russia offers ceasefire, Ukraine distances from Nato
09 Mar 2022
Russia announced the ceasefire for evacuation of the civilian population from Chernihiv, Sumy, Kharkiv, Mariupol, and Zaporizhzhia, even as Ukranian President Volodymyr Zelenskyy said he is no longer pressing for Nato membership for Ukraine, and cooled down on break-away provinces
Vladimir Putin seeks lawmakers’ permission to use force outside Russia
07 Mar 2022
Putin's move to sign a decree recognising Donetsk and Luhansk (Donbass) as independent regions, will pave way for Russian military forces to enter into these separatist-dominated regions claiming to be an ally of the rebels
India committed to remain a reliable global partner, PM Modi tells WEF
20 Jan 2022
‘Throw away’ culture and consumerism has deepened the climate challenge and this has made it imperative for the world to rapidly move to a circular economy, Modi said
Olaf Scholz replaces Angela Merkel as Germany’s chancellor
13 Dec 2021
While Germans see a continuation of Merkel's governing style in Scholz, who is a calm, steady hand in a crisis and a pragmatic leader striving for compromise, on foreign policy and on European policy, Scholz will be more aligned with the President Joe Biden of the United States
David Card, Joshua Angrist and Guido Imbens share Economics Nobel 2021
11 Oct 2021
David Card, Joshua Angrist and Guido Imbens have provided new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments that has spread to other fields and revolutionised empirical research,” says the Nobel Prize committee
Maria Ressa and Dmitry Muratov share Nobel Peace Prize 2021
08 Oct 2021
Maria Ressa used freedom of expression to expose abuse of power, use of violence and growing authoritarianism in her native country, the Philippines, while Dmitry Muratov has for decades defended freedom of speech in Russia under increasingly challenging conditions, according tp the Nobel Prize Committee
Abdulrazak Gurnah wins Nobel Prize in Literature 2021
08 Oct 2021
`Abdulrazak Gurnah's dedication to truth and his aversion to simplification are striking,; the Nobel Committee for Literature said, adding, `His novels recoil from stereotypical descriptions and open our gaze to a culturally diversified East Africa unfamiliar to many in other parts of the world’