World economy
Public distrust, threat of severe Russian sanctions impacting global economy: CFO survey
16 Jun 2014
Chief financial officers around the world indicate that public mistrust of business and political leaders has harmed the business environment. They also say that severe sanctions on Russia would hurt the economies of their home countries.
![EU worried as Russia threatens to close gas-supply to Ukraine EU worried as Russia threatens to close gas-supply to Ukraine](/economy/worldeconomy/images/ukraine_sm_domain-b.jpg)
EU worried as Russia threatens to close gas-supply to Ukraine
16 Jun 2014
The breakdown of the talks is likely to increase political tensions between Kiev and Moscow as Ukrainian government forces clashed with pro-Russian separatists in east Ukraine
US producer prices down unexpectedly in May
16 Jun 2014
![Global economic crisis linked to 10,000 suicides: study Global economic crisis linked to 10,000 suicides: study](/economy/worldeconomy/images/suicide_sm_domain-b.jpg)
Global economic crisis linked to 10,000 suicides: study
14 Jun 2014
WHO data on suicides in 24 EU countries, the US and Canada, between 2007, when the economic crisis began, and 2009, suicide rates rose by 6.5 per cent and remained at this level through 2011
![S&P upgrades UK’s rating outlook to Stable S&P upgrades UK’s rating outlook to Stable](/economy/worldeconomy/images/tower_bridge_sm_domain-b.jpg)
S&P upgrades UK’s rating outlook to Stable
14 Jun 2014
S&P warned that the rating could be imperiled if Britain leaves the EU, a move the country's Conservative Party has pledged to put to a referendum in 2017
![US warns of air strikes as invading Al Qaeda militants leave Iraq in limbo US warns of air strikes as invading Al Qaeda militants leave Iraq in limbo](/defence/general/images/alarabiya_sm_domain-b.jpg)
US warns of air strikes as invading Al Qaeda militants leave Iraq in limbo
13 Jun 2014
The militant attack, the biggest threat to Iraq’s stability since the US withdrawal at the end of 2011, could trigger a partition of the nation on sectarian lines
![Iraq violence sends oil prices towards $112 a barrel Iraq violence sends oil prices towards $112 a barrel](/industry/oil_gas/images/oil_tanker_iran_sm_domain-b.jpg)
Iraq violence sends oil prices towards $112 a barrel
13 Jun 2014
Brent crude oil rose up towards $112 a barrel on Thursday on fears of the volatile situation in Iraq leading to disruption of oil supplies
European Commission raises pressure on Ireland, the Netherelands, Luxembourg over tax practices
12 Jun 2014
![Russia makes gas price overtures to Ukraine in peace bid Russia makes gas price overtures to Ukraine in peace bid](/companies/companies_g/Gazprom_Russia/images/druzhba_pipeline_sm_domain-b.jpg)
Russia makes gas price overtures to Ukraine in peace bid
12 Jun 2014
The bruising gas dispute between russia and Ukraine comes amid continuing fighting in eastern Ukraine, where government forces have battled pro-Russian rebels for two months
![World’s top 1% investors rapidly getting richer: Boston Group study World’s top 1% investors rapidly getting richer: Boston Group study](/economy/worldeconomy/images/money_sm_domain-b.jpg)
World’s top 1% investors rapidly getting richer: Boston Group study
11 Jun 2014
The world’s richest 1 per cent had one of their finest years in 2013, propelled by robust equities performance in developed economies and healthy GDP growth in emerging markets
![Modi urges greater India-China cooperation Modi urges greater India-China cooperation](/economy/trade/images/narendra_modi_june10_sm_domain-b.jpg)
Modi urges greater India-China cooperation
10 Jun 2014
Modi, who won the election on a promise of economic revival and jobs, wants to push infrastructure and skill development - a model followed by China to boost economic growth
![Cyber crimes cost global economy $445 bn each year: report Cyber crimes cost global economy $445 bn each year: report](/infotech/itnews/images/cyber_hacking_sm_domain-b.jpg)
Cyber crimes cost global economy $445 bn each year: report
10 Jun 2014
Cyber crimes cost the global economy $445 billion every year, with the damage from theft of intellectual property exceeding the $160 billion loss to individuals from hacking
China exports up on global demand in May
10 Jun 2014
ECB takes steps to avoid deflation
06 Jun 2014
![US puts Iran oil sanctions on hold for six months US puts Iran oil sanctions on hold for six months](/economy/worldeconomy/images/suspended_sm_domain-b.jpg)
US puts Iran oil sanctions on hold for six months
05 Jun 2014
In a move that could have long-term ramifications for India’s energy sector, the US has “suspended” its sanctions on Iran oil for six months
SEC cracks down on “Bitcoin related” vendor
05 Jun 2014
![Syria’s Bashar al-Assad wins 88.7% votes to become third time president Syria’s Bashar al-Assad wins 88.7% votes to become third time president](/people/in_the_news/images/bashar_al_assad_sm_domain-b.jpg)
Syria’s Bashar al-Assad wins 88.7% votes to become third time president
05 Jun 2014
Assad has now secured a third term in office despite a West-supported civil war fanned out of protests against his rule
![Narendra Modi, Barack Obama to meet in Washington in September Narendra Modi, Barack Obama to meet in Washington in September](/economy/worldeconomy/images/narendra_modi_barack_obama_sm_domain-b.jpg)
Narendra Modi, Barack Obama to meet in Washington in September
05 Jun 2014
The meeting between PM Narendra Modi and US President Barack Obama would be a full-fledged bilateral summit in Washington
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