World economy
UK surprise: PM May makes Boris Johnson foreign minister
14 Jul 2016
Britain’s new Prime Minister Theresa May surprised everyone by naming key Brexiteer Boris Johnson as foreign secretary, while also unceremoniously sacking Chancellor George Osborne and replacing him with Philip Hammond
Bernie Sanders finally comes out in support of Clinton
13 Jul 2016
Bernie Sanders' endorsement, five weeks after Hillary Clinton became the presumptive Democratic presidential nominee, brought the most prominent holdout in the party's liberal wing into her camp
Last woman standing: Theresa May to be UK’s next PM
12 Jul 2016
Theresa May is set to take over from David Cameron as prime minister after her only rival Adrea Leadsom pulled out, which means that all the key Brexit campaigners are now out of frontline politics
Abe, allies win thumping majority in Japan upper house
11 Jul 2016
Abe’s coalition won a two-thirds ‘super majority’ in Japan’s upper house, which is seen as an endorsement of his economic policies or ‘Abenomics’ and to a lesser extent of his plans to revise the constitution
Dallas shootout ends after sniper kills 5 cops, hurts 7
09 Jul 2016
In a coordinated attack amid protests over the shooting of an African-American man by police on Wednesday, gunmen opened fire on cops from rooftops, with the chief suspect killed by a after shooting several policemen
Blair less than contrite after adverse report on Iraq war
07 Jul 2016
Tony Blair, the former prime minister who led Britain into war in Iraq in 2003, launched a defence of his legacy following the publication of the highly critical Chilcot report into the war
Top banks in West shed nearly $500 bn in market cap as NPAs loom
07 Jul 2016
Plunging share prices this year have erased half a trillion dollars or a quarter of the combined market value of at least 20 of the world’s major banks over concerns that banks may not be able to absorb the shock of rising loan delinquencies
UK political turmoil deepens as UKIP’s Farage quits
05 Jul 2016
Nigel Farage, leader of the UK Independence Party and a key Brexit campaigner, said he was stepping down even as Labour ousted its leader Jeremy Corbyn and the leadership of the Conservatives remained wide open
Osborne to cut tax rates to keep business engaged as Brexit looms
04 Jul 2016
Britain will lower the 20 per cent tax rate for businesses to 19 per cent in 2017 and to 17 per cent in 2020 before bringing it down to 15 per cent
Bangladesh hostage crisis ends, at least 6 killed
02 Jul 2016
Bangladeshi forces stormed an upscale Dhaka restaurant where heavily-armed terrorists held dozens of people hostage, killing at least six attackers and rescuing 13 captives
Oil struggles to maintain $50 mark as fears of output dip fade
30 Jun 2016
Oil prices fell today, with Brent struggling to hold $50 per barrel as fears over outages due to a strike in Norway faded and as Nigeria's production improved, even as the economic outlook deteriorated