World economy

US Senate confirms Janet Yellen as next Fed chief to succeed Bernake

US Senate confirms Janet Yellen as next Fed chief to succeed Bernake

07 Jan 2014

Janet Yellen is a well-respected economics scholar who has taught at the Harvard University, the London School of Economics and the University of California, Berkeley

10% of UK pensioners stay in bed longer to beat high heating costs

06 Jan 2014

Obsorne to cut £25 bn to balance books

06 Jan 2014

Chinese PMI shows distinct weakness

06 Jan 2014

Hasina’s Awami League sweeps Bangladesh polls

06 Jan 2014

IMF demands more action from Pakistan under bailout

IMF demands more action from Pakistan under bailout

06 Jan 2014

Pakistan’s central bank is taking corrective measures to meet future reserve targets and to rebuild reserves that have fallen to a critically low level

US economy to fare better in coming quarters: Bernanke

04 Jan 2014

Texas Congressman to accept campaign donations in bitcoin

04 Jan 2014

India, US working to end ‘hiccups’ over Khobragade

04 Jan 2014

Election eve violence in Bangladesh kills two

04 Jan 2014

Euro zone manufacturing PMI hits 2-1/2 year high in December

Euro zone manufacturing PMI hits 2-1/2 year high in December

03 Jan 2014

Euro zone factory output grew at its fastest rate since mid-2011 on the back of revival of economic activity in Germany and Italy despite weaker performance in France

Euro zone embraces Latvia as 18th member

02 Jan 2014

PM Abe wants Japan to end pacifism, rewrite constitution by 2020

PM Abe wants Japan to end pacifism, rewrite constitution by 2020

01 Jan 2014

Japanese Prime minister Shinzo Abesays the country’s pacifist post-WW II constitution, which limits its military to self-defence, could be amended by 2020.

N Korean leader warns US, raises spectre of N-disaster

01 Jan 2014

Millions of UK families could be spending over half their disposable income on debt repayments by 2018

01 Jan 2014

US to prosecute Devyani Khobragade despite India’s protests

US to prosecute Devyani Khobragade despite India’s protests

31 Dec 2013

The US is going ahead with the prosecution of senior Indian diplomat Devyani Khobragade despite protests by India and asserted that it has no intention of withdrawing the case of visa fraud against he

China local government debt shot up 70% in three years: report

China local government debt shot up 70% in three years: report

31 Dec 2013

Perceptions over the performance of the Chinese economy, the world's second largest, are tinged with concerns over whether the loans can be repaid

UK government may divest entire stake in Lloyds banking group: reports

30 Dec 2013

Devyani arrest: US softens as India gets tougher

30 Dec 2013

HMRC staff crunch simplifies life for UK tax evaders

28 Dec 2013

Federal judge rules NSA phone records collection programme legal

28 Dec 2013

Obama’s budget deal to deny unemployment benefits to 1.3 million Americans

28 Dec 2013

Bangla Premier Hasina warns rival Zia of arrest ahead of polls

27 Dec 2013

Mao was good but made human mistakes, President Xi tells China

Mao was good but made human mistakes, President Xi tells China

27 Dec 2013

China’s ‘Great Helmsman’ Mao Zedong was no god and “made mistakes”, the country’s President Xi Jinping said on Thursday at a state occasion to mark the 120th birth anniversary of China’s first Communist leader

Bungling by US official led to Indian envoy’s arrest: report

Bungling by US official led to Indian envoy’s arrest: report

27 Dec 2013

While Devyani Khobragade entered $4,500 as the salary she expected to be paid in the US, Mark Smith, a diplomatic security services agent who led the investigation against her, seriously erred in reading the figure of $4,500 as the salary to be paid to the nanny, which led to her arrest, say reports