World economy
Despite bail, 26/11 mastermind Lakhvi to stay behind bars
19 Dec 2014
Pakistan's anti-terrorism court in Rawalpandi granted bail to 54-year-old Lakhvi, the key conspirator of the Mumbai terror attack, just two days after terrorists butchered 132 children in a dastardly attack on a school in Peshawar
US, Cuba to restore diplomatic ties after 50 years; sanctions eased
18 Dec 2014
Cuba will not yet open the door for broad US tourism on the Caribbean island, nor would Obama's announcement end the US trade embargo that has been in force for more than 50 years
Fed decides to keep rates unchanged for the near term
18 Dec 2014
The US Federal Reserve has advised patience in beginning to normalise its monetary policy stance despite signals of a change in the policy outlook, based on available economic indicators
Peshawar in tears, Pak in mourning after Taliban kills 132 kids
17 Dec 2014
Pakistanis may be used to almost daily militant attacks against the security forces but the outright assault on children in a school stunned the country
Taliban attack on Peshwar school kills 126
16 Dec 2014
At least 126 people were killed and more than 122 were wounded on Tuesday when Taliban gunmen stormed a military high school in Peshawar, taking hundreds of innocent students hostage in the bloodiest insurgent attack in the country
India third as BRICS leads the way in stashing off black money
16 Dec 2014
Independent think-tank Global Financial Integrity has ranked India third globally, with an estimated $94.76 billion (nearly Rs6,00,000 crore) of ‘black’ money outflows in 2012
IEA cuts global oil demand forecast for 2015
13 Dec 2014
Anticipating weaker than expected exports from Russia and other oil exporters, International Energy Agency has trimmed global oil demand growth projections for the fourth time in five months
UN declares 21 June as 'International Day of Yoga'
12 Dec 2014
One of the two solstices, 21 June is the longest day in the Northern Hemisphere and has special significance in many parts of the world
Russia hikes key interest rate to 10.5% to fight inflation
12 Dec 2014
Russia is struggling to combat inflation caused by plunging oil prices and western sanctions imposed due to the country’s involvement in Ukraine
China arrests its security chief Zhou Yongkang for graft
06 Dec 2014
Zhou Yongkang, the former head of China's domestic security apparatus, is the first member of the elite Politburo Standing Committee to face criminal investigation for corruption
Red Flag overshadows Star-Spangled Banner
06 Dec 2014
China enters 2015 as a $17.6 trillion economy, accounting for 16.5 per cent of the world's economy, whereas the US will slide down to second place with a GDP of $17.4 trillion and 16.3 per cent share of global economy. By C K Unnikrishnan
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