World economy
Australia enacts law to bar children up to 16 years from accessing social media
29 Nov 2024
Australia on Thursday announced the passage of a bill to ban social media use by children up to the age of 16, after the bill was passed by both houses of parliament.
Climate talks end with a blunt $300 bn deal; fossil fuels not going any soon
24 Nov 2024
The UN climate summit COP29 in Baku, Azerbaijan took an extra 33 hours to hammer out a deal on climate financing and save the annual summit from certain collapse.
Americans need minimum annual income of $107,700 to afford a house, says new study
20 Nov 2024
Housing prices in the United States have skyrocketed, reaching unsustainable levels at current income levels of Americans.
India and Russia: a strategic economic partnership
By Venkatachari Jagannathan | 20 Nov 2024
Russian President Vladimir Putin is expected to visit India soon while the exact dates have not been finalised.
Canada ends Student Direct Stream channel for student visas
09 Nov 2024
Canada has stopped accepting study permit applications under the Student Direct Stream (SDS) channel from 2 pm (ET) of 8 November 2024
China calls off plan for €3.8 billion EV battery unit in Germany
07 Nov 2024
China has reacted sharply to European Union's decision to impose tariffs of up to 45 per cent on its electric vehicles by terminating all major projects in Germany and Italy.
Donald Trump makes a spectacular comeback
06 Nov 2024
Donald Trump rode back to power in the United States capping a fiercely contested campaign for presidency, overcoming a wave of intimidation, criminal cases and indictments by a desperate opposition.
IMF keeps global growth rate at 3.2% for 2024 and 2025
03 Nov 2024
Global economic growth is expected to remain around 3.2 per cent in 2024 and 2025 with some minor uptick in some advanced economies
IMF sees India’s GDP growth slowing from 7% in 2024 to 6.5% in 2025
23 Oct 2024
India’s economy in terms of Gross Domestic Product (GDP) is expected to grow at a slower pace of 7 per cent in the current year, ie, 2024 against the 8.2 per cent growth recorded in 2023.
Putin pushes new cross-border payment system to end dollar dominance
21 Oct 2024
Russian President Vladimir Putin has revived hopes of pursuing the BRICS agenda of creating a new cross-border payment system that would allow nations to make financial transactions
Three economists from 2 US institutions share Nobel Prize in Economics
16 Oct 2024
The 2024 Nobel Prize for Economics has been awarded to three US economists - Daron Acemoglu and Simon Johnson, both from the Massachusetts Institute of Technology, Cambridge and James A Robinson
Nobel Peace Prize goes to Japan’s anti-nuke movement
12 Oct 2024
This year’s Nobel Price for Peace has been awarded to the Japanese organisation Nihon Hidankyo - a mass movement of atomic bomb survivors from Hiroshima and Nagasaki.
Thyssenkrupp loses appeal against EC veto on Tata Steel joint venture
07 Oct 2024
Thyssenkrupp has lost its fight against an anti-trust ruling by European Commission on its proposal for a joint venture with Tata Steel Europe
Sabadell shareholders accuse BBVA of worsening its bid with modified offer
04 Oct 2024
Shareholders of Spanish bank Banco Sabadell have accused its larger peer BBVA of “worsening” the takeover offer by announcing a modification to the original bid offer, undervaluing the bank further.
London’s Canary Warf craving for occupancy
04 Oct 2024
Canary Wharf, a part of London's central business district and once a thriving urban hub with living apartments, retail shops
France, Greece, Italy and Poland back EU proposal for anti-dumping duty on Chinese EVs
04 Oct 2024
Chinese electric vehicles are facing tariff action from the European Union, with member countries, including France, Greece
Guinea-Bissau becomes first African country to use blockchain for fiscal transparency
03 Oct 2024
Guinea-Bissau, a tiny West African nation, has made a big leap in the use of financial technology by successfully launching a blockchain platform for wage bill management
East Coast dockworkers’ strike halts half of US port operations
02 Oct 2024
Dockworkers across 36 ports in the US East Coast and the Gulf of Mexico struck work on Tuesday over dispute with employers over wages and other issues
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Shigeru Ishiba to replace Fumio Kishida as Japan’s prime minister
30 Sep 2024
Japan’s ruling Liberal Democratic Party on Friday elected Shigeru Ishiba, former defence minister, as the new prime minister of Japan, replacing Fumio Kishida.
Greece to raise around $1 billion through sale of 12% stake in National Bank
25 Sep 2024
The Greek government is expected to raise around 900 million euros ($1 billion) through sale of a 12 per cent stake in the National Bank of Greece (NBG), the country’s second-largest lender by market value.
US to ban smart car tech from China and Russia
24 Sep 2024
The US Department of Commerce has proposed a ban on smart vehicles that use Chinese or Russian technology that may put national security at risk
US Fed cuts interest rate by 50 bps to balance risks to economy
19 Sep 2024
The US Federal Reserve on Thursday announced a 50 percentage point reduction in its key interest rate in a bid to ensure that the economic goals, including employment and inflation rate roughly are in balance.
Fed chairman Jerome Powell hints at a likely US recession in 2025
02 Sep 2024
The US economy is showing signs of recession despite the healthy 3 per cent growth of GDP in the second quarter of the current year.
Laos now in China’s grip as BRI accounts for nearly half of its GDP
08 Jul 2024
Laos is within grab for China, which accounts for over half of the tiny Asian country’s accumulated external debt of $10.5 billion and no means of repaying the debt.
Global investment flows down more than 10% in 2023 UNCTAD
21 Jun 2024
Global investment flows declined by 10 per cent in 2023, even as global foreign direct investment (FDI) decreased by 2 per cent to $1.3 trillion
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Featured articles
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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