World economy
Switzerland lifts secrecy wall, to share bank account info with other countries
16 Oct 2013
Switzerland has revised its tax laws to allow bank account details to be shared with other countries, including India
Fitch places US on 'AAA' negative rating watch
16 Oct 2013
Fitch says though it believes the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a US default
The US Debt crisis from the Founders' perspective
By By George Friedman | 15 Oct 2013
The US government is paralysed, and we now face the possibility that the United States will default on its debt. Congress is unable to resolve the issue, and President Obama is as obstinate as the legislators who oppose him. By George Friedman. Republished with permission of Stratfor
UN report pegs global economic growth at 2.1% in 2013
15 Oct 2013
For the global economy as a whole, coordinated, demand-driven policies, with no country adopting austerity policies, would deliver better results in terms of growth, a new UNCTAD report stresses
Three Americans share Nobel Prize in Economics
14 Oct 2013
According to Nobel Prize committee, research carried out by the three economists "laid the foundation for the current understanding of asset prices"
Top global bankers warn of financial catastrophe if US defaults
14 Oct 2013
Some of the heads of leading banking giants have warned that a US debt default triggered by a prolonged shutdown would plunge the world into another recession
Red Cross to launch first food distribution programme since WWII in the UK
12 Oct 2013
With rising food costs, the Red Cross will launch its first food aid programme for the UK’s hungry since WWII
Pak court orders Musharraf's re-arrest
11 Oct 2013
Pakistan’s former military ruler Pervez Musharraf's re-arrest comes as an increasingly activist judiciary has challenged the power of the powerful military -- no other former army chief has ever been arrested before
Starbucks launches petitions from customers against government shut down
11 Oct 2013
Starbucks CEO Howard Schultz says he was acting because Americans had no platform from which to voice their frustration and outrage over the shutdown
Nobel Peace Prize awarded to chemical weapons watchdog OPCW
11 Oct 2013
The award recognises active engagement of inspectors of the Organisation for the Prohibition of Chemical Weapons in the work of eliminating chemical weapons in the war zone in Syria
Europe, China strike €45-bn currency swap deal
11 Oct 2013
Libya's Prime Minister Zeidan abducted by unknown gunmen
10 Oct 2013
In an interview with the BBC on Monday, Zeidan had said Libya was being used as a base to export weapons throughout the region, and called on the West to help stop militancy in Libya
Obama picks Janet Yellen to succeed Fed chairman Ben Bernanke
10 Oct 2013
US president Barack Obama yesterday nominated noted economist Janet Yellen as the country’s first woman to take the reins of the Federal Reserve, replacing outgoing chairman Ben Bernanke whose second term ends on 31 January 2014
IMF pegs India 2013 growth at a low 3.75%
09 Oct 2013
The IMF, in its latest `World Economic Outlook’ report, says global growth is in low gear, and that the drivers of activity are changing
Italian senate committee recommends expulsion of former PM Silivio Berlusconi
07 Oct 2013
An Italian Senate committee has recommended the expulsion of former prime minister Silvio Berlusconi from parliament following his conviction for tax fraud
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Featured articles
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
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!
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.
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.
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
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
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
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