World economy
![US lawmakers, UK back Obama on airstrikes against ISIS militants US lawmakers, UK back Obama on airstrikes against ISIS militants](/economy/worldeconomy/images/barack_obama_15_sm_domain-b.jpg)
US lawmakers, UK back Obama on airstrikes against ISIS militants
08 Aug 2014
With targeted air strikes, Obama hopes to halt the militant advance and shift the balance on the battlefield in favour of embattled Iraqi and Kurdish forces
China posts $47.3 bn trade surplus in July
08 Aug 2014
![US enters “limited” war in Iraq with “targeted” air strikes US enters “limited” war in Iraq with “targeted” air strikes](/defence/general/images/barack_obama_new_sm_domain-b.jpg)
US enters “limited” war in Iraq with “targeted” air strikes
08 Aug 2014
With targeted air strikes, Obama hopes to halt the militant advance and shift the balance on the battlefield in favour of embattled Iraqi and Kurdish forces
Sanctions on Russia pull down factory orders in Germany as Italy relapses into recession
07 Aug 2014
![Russia hits back, bans food imports from US and EU Russia hits back, bans food imports from US and EU](/economy/worldeconomy/images/dmitry_medvedev_sm_domain-b.jpg)
Russia hits back, bans food imports from US and EU
07 Aug 2014
Prime Minister Dmitry Medvedev said Russia was considering banning US and European airlines from overflying Russian airspace
Italy slips back into recession
07 Aug 2014
![US commits $33 bn for Africa US commits $33 bn for Africa](/economy/worldeconomy/images/us_africa_leaders_sm_domain-b.jpg)
US commits $33 bn for Africa
06 Aug 2014
The US is seeking to boost its trade with Africa, which is currently around $85 billion annually, or less than half of China's $200 billion
![Germany blocks Rheinmetall defence deal with Russia Germany blocks Rheinmetall defence deal with Russia](/economy/worldeconomy/images/simulation_centre_sm_domain-b.jpg)
Germany blocks Rheinmetall defence deal with Russia
05 Aug 2014
Rheinmetall had won a contract in 2012 to build a combat simulation centre in Mulino in the Volga region, 360 km east of Moscow and planned to construct more such facilities in other parts of Russia
Nigeria to cut telecom taxes to boost investment
04 Aug 2014
![Modi announces $1-bn loan to Nepal; offers to review bilateral treaty Modi announces $1-bn loan to Nepal; offers to review bilateral treaty](/economy/worldeconomy/images/nepal_friendship_sm_domain-b.jpg)
Modi announces $1-bn loan to Nepal; offers to review bilateral treaty
04 Aug 2014
Prime minister Narendra Modi has pledged to help power-starved Nepal set up hydropower plants and offered to buy surplus electricity from the country
VTB Group’s $1.5-bn loan may be hit by sanctions
01 Aug 2014
![WTO to meet in September as Geneva talks deadlock WTO to meet in September as Geneva talks deadlock](/economy/trade/images/roberto_azevedo_sm_domain-b.jpg)
WTO to meet in September as Geneva talks deadlock
01 Aug 2014
India and other developing countries have refused to ratify any agreement on trade issues until a permanent solution on food security is finalised
![Kerry hopes to push India on WTO trade deal as deadline looms Kerry hopes to push India on WTO trade deal as deadline looms](/economy/worldeconomy/images/john_kerry_sm_domain-b.jpg)
Kerry hopes to push India on WTO trade deal as deadline looms
31 Jul 2014
India has refused to ratify the WTO trade-facilitation deal unless it eases restrictions on farm subsidies and food subsidies to the poor
![Climate change and air pollution will combine to curb food supplies: study Climate change and air pollution will combine to curb food supplies: study](/economy/agriculture/images/food_supplies_sm_domain-b.jpg)
Climate change and air pollution will combine to curb food supplies: study
By By David L. Chandler, MIT News Office | 31 Jul 2014
Ozone and higher temperatures can combine to reduce crop yields, warns a new study from MIT. By David L. Chandler, MIT News Office
![US House of Reps vote to sue Obama US House of Reps vote to sue Obama](/economy/worldeconomy/images/barack_obama_sm_domain-b.jpg)
US House of Reps vote to sue Obama
31 Jul 2014
The Republican-controlled US House of Representatives has voted for a lawsuit against President Barack Obama, for executive overreach
![US Federal Reserve leaves monetary policy unchanged US Federal Reserve leaves monetary policy unchanged](/economy/worldeconomy/images/janet_yellen_sm_domain-b.jpg)
US Federal Reserve leaves monetary policy unchanged
31 Jul 2014
The Fed said household and business spending was improving, but recovery in the housing sector remained slow
Featured articles
![](/Uploads/Images/thumb_733d509d-493c-41e9-b429-1260d912bb91-Aerogel-Crayon.jpg)
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!
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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.
![](/Uploads/Images/thumb_97943c9b-6e8f-429b-b355-1d4502bac437-Ponzi-Money.jpg)
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.
![](/Uploads/Images/thumb_0f8359a3-2528-4faf-86c9-707fb7bccc01-Hdfc-logo.jpg)
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
![](/Uploads/Images/thumb_dc6b9dcc-e31e-4574-82e7-928e089406e0-Finger_millet.jpg)
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
![](/Uploads/Images/thumb_e37827da-fafd-4991-8635-60fade3df34c-ICM.jpg)
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
Business History Videos
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_61209e69-fdfb-493a-add7-afc253731af7-YouTube-thumbnail-Hovercraf.jpg)
History of hovercraft Part 3...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_f5cfed27-cd8d-4644-9c6b-d1f3f64fb558-YouTube-thumbnail-Hovercraf.jpg)
History of hovercraft Part 2...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_1510a271-632f-46ba-846b-a761ccffe903-History-of-Hovercraft.jpg)
History of Hovercraft Part 1...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_b54c323b-99c2-47ed-9df1-06452504c83a-YouTube-thumbnail-Indian-tr.jpg)