World economy

Major fire guts Notre-Dame Cathedral in Paris

Major fire guts Notre-Dame Cathedral in Paris

16 Apr 2019

Firefighters barely managed to save the shell of the stone structure and its two main bell towers from collapse, even as they battled to rescue some of Notre-Dame’s treasures, including artwork

European Union agrees to 6-month delay for Brexit

European Union agrees to 6-month delay for Brexit

11 Apr 2019

If the British parliament accepts the extension and London remains in the European Union after 22 May, British voters will have to take part in European parliamentary elections, which most EU members oppose

Israel's Netanyahu set for a fifth term as prime minister

Israel's Netanyahu set for a fifth term as prime minister

10 Apr 2019

Netanyahu had pledged to annex Jewish settlements in West Bank if re-elected, which is likely to further hinder Israel-Palestine peace talks that have been stalled since 2014

China's forex reserves up nearly $9 billion at $3.099 trillion in March

08 Apr 2019

UK’s House of Commons approves legislation on delayed Brexit

04 Apr 2019

WTO sees global trade growth decelerating to 2.6% in 2019

WTO sees global trade growth decelerating to 2.6% in 2019

03 Apr 2019

In a worst case scenario in which international cooperation on tariffs breaks down completely and countries set tariffs unilaterally, WTO expects a reduction in world GDP in 2022 of about 2 per cent and a reduction in global trade of about 17 per cent compared to baseline projections

Over a million UK businesses see Brexit as major obstacle to success

29 Mar 2019

Germany plans fund to thwart unwanted foreign takeovers: report

26 Mar 2019

Cyclone Idai claims over 700, displaces millions in Southern Africa

Cyclone Idai claims over 700, displaces millions in Southern Africa

25 Mar 2019

While almost 110,000 people have been saved, according to the National Institute of Disaster Management, at least 600,000 people have been displaced, the WFP said

Mueller report sees no Trump role in Russian meddling in US elections

Mueller report sees no Trump role in Russian meddling in US elections

25 Mar 2019

Attorney General William Barr said the investigation by US Special Counsel Robert Mueller into the alleged Russian meddling in US elections failed to prove any Russian connection to Trump and that there was insufficient evidence that Trump had attempted to obstruct justice

US Fed pauses on interest rate hike

US Fed pauses on interest rate hike

22 Mar 2019

The Federal Open Markets Committee said the decision to leave the target range for the federal funds rate at 2.25 per cent to 2.5 per cent was based on labour market conditions, inflation indicators and readings on financial and international developments

Over 2 million sign no-Brexit petition

22 Mar 2019

EU sets 12 April Brexit date if May’s deal fails in parliament

EU sets 12 April Brexit date if May’s deal fails in parliament

22 Mar 2019

If Prime Minister Theresa May wins the 29 March parliament vote, Britain will get time until 22 May to leave the Union, so as to avoid legal wrangling and smoothen the process

No-deal Brexit looms as Parliament dumps May’s new deal

No-deal Brexit looms as Parliament dumps May’s new deal

13 Mar 2019

Lawmakers will now vote on whether Britain should quit the European Union without a deal, even as business leaders caution against such a move that would disrupt markets and supply chains, causing shortages of food and medicines

EU, Britain hammer out new Brexit plan

EU, Britain hammer out new Brexit plan

12 Mar 2019

While the new wording “will guarantee that the EU cannot act with the intent of applying the backstop indefinitely,” the changes fall well short of Brexiteers’ demands for a unilateral British exit from backstop – a mechanism that ties Britain to the EU customs union

ECB keeps rates unchanged; plans boost to stimulus

ECB keeps rates unchanged; plans boost to stimulus

08 Mar 2019

ECB President Mario Draghi said the package of assistance from new loans for banks to a longer pledge on record-low rates is intended to expand existing stimulus as growth in the euro-zone economy is forecast to drop 0.6 percentage points to 1.1 per cent this year

US, China move closer to trade deal: report

04 Mar 2019

UN court rules Britain’s occupation of Chagos Islands illegal

27 Feb 2019

Trump delays tariff hike on Chinese goods as trade talks progress

25 Feb 2019

UNSC statement names Jaish in Pulwama terror attack, China opposes it: report

22 Feb 2019

Russian bank freezes accounts of Venezuela's PDVSA: report

18 Feb 2019

Russian bank freezes accounts of Venezuela's PDVSA: report

18 Feb 2019

Japan's PM Abe nominated Donald Trump for Nobel Peace Prize: report

18 Feb 2019

Trump threatens national emergency as Democrats squeeze wall funds

Trump threatens national emergency as Democrats squeeze wall funds

15 Feb 2019

Democrats are proposing a tech wall to secure the US border, a move that would enrich tech and military contractors like Raytheon, Amazon, and the likes of Geo Group while extending civil rights violations through fresh surveillance

New US development finance agency to curb Chinese influence

New US development finance agency to curb Chinese influence

13 Feb 2019

The US International Development Finance Corporation, which has a corpus of $60 billion, will be able to make equity investments in the private sector overseas, according to a US government official

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