World economy

Britain, European Union reach new Brexit deal
17 Oct 2019
The deal still needs to finetune customs and sales tax regulations to manage trade in goods between Northern Ireland and Ireland while Prime Minister Johnson also needs to push any deal past a deeply divided Parliament after it rejected a previous deal three times

Abhijit Banerjee, Esther Duflo and Michael Kremer share Economics Nobel
14 Oct 2019
The Laureates’ research findings – and those of the researchers following in their footsteps – have dramatically improved our ability to fight poverty in practice, the according to the Nobel Prize Committee
Britain threatens EU with a “nasty” exit
09 Oct 2019

US extends tariff war with EU to planes, cheese and whisky
04 Oct 2019
The United States on Wednesday said it would slap 10 per cent tariff on European-made Airbus aircraft and 25 per cent duties on French wine, Scotch and Irish whiskies, and cheese from across the continent after the World Trade Organisation gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in a long-running case

India-US trade deal has to evolve: Piyush Goyal
03 Oct 2019
While both countries do not see any structural issues, there are conflicting interests of bringing down trade deficits and protectionist trade policies that hamper a trade deal

Former French president Jacques Chirac dies at 86
27 Sep 2019
Chirac, like Charles de Gaulle, ably presided over a state in which power was divided between the left and the right even as he championed the cause of a stronger European Union

US Fed cuts interest rate for second time in a row
20 Sep 2019
The US central bank is reported to have injected a total of $203 billion into markets - $75 billion each on Wednesday and Thursday, and $53 billion on Tuesday

ECB cuts rates by 10 bps; announces new stimulus plan
13 Sep 2019
The ECB’s announcement pushed the euro down sharply against the dollar, with the European common currency hitting its lowest level in more than two years, before recovering all losses as market started doubting the central bank’s new bond-buying plan

China, US relent on tariff plans to ease trade tensions
13 Sep 2019
While China announced tariff exemption for 16 US products and US delayed a planned tariff hike on $250 billion worth of Chinese goods, there are still many uncertainties in the coming trade talks, including Beijing’s reluctance to change laws to address US complaints

New US Supreme Court ruling allows Trump to block asylum to many
12 Sep 2019
The Trump administration issued the rule in an attempt to block hoards of immigrants from countries like El Salvador, Honduras and Guatemala from entering the United States as asylum seekers after crossing through Mexico, while keeping asylum protection for Mexican citizens

British PM Johnson sticks to no-deal Brexit
10 Sep 2019
Johnson decided to overlook a legislation passed by parliament demanding that he delay Brexit unless he strikes a new agreement and insisted that Brexit would happen by that date, "no ifs and buts"

UK PM Boris Johnson loses majority as MP defects to defeat no-deal Brexit
04 Sep 2019
EU leaders have refused to reopen the current Brexit deal or abandon it, but Johnson insists that a credible threat to walk away from the European Union will help secure a new deal

Major trading nations feel the heat of China-US trade spat
16 Aug 2019
The sluggish global trade hit Singapore’s gross domestic product the most as the city-state is more dependent on international trade than domestic economy

US Fed cuts policy rate by 25 bps to 2-2.25%
01 Aug 2019
While the rate cut was widely expected by markets, comments by Fed Chairman Jeremy Powell that the rate cut was only a “mid-cycle adjustment to policy”, only helped to boost the value of the dollar

Britain ramps up preparations for no-deal Brexit
29 Jul 2019
The problem with Brexit is that neither Ireland, nor the EU wants Britain to crash out of a customs union and leave a hard border between EU-member Ireland and the British province of Northern Ireland
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Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.

The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES

Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.

As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.

The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)

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.
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