World economy

Switzerland to loosen bank secrecy laws under US pressure

Switzerland to loosen bank secrecy laws under US pressure

30 May 2013

Under sustained US pressure, the Swiss government will allow its banks to reveal some customer information to US authorities, an important step in settling tax disputes between the nations

Chinese media expresses irritation over Japan-India maritime talks

Chinese media expresses irritation over Japan-India maritime talks

By By Jagdeep Worah | 30 May 2013

Chinese state-controlled media has expressed displeasure over Indo-Japanese maritime cooperation, saying Japan does not have the strength to prevail over China's influence in Asia

Scribe files plea against ISI’s peace moves with ‘Pak Taliban’

Scribe files plea against ISI’s peace moves with ‘Pak Taliban’

30 May 2013

Pakistani freelance journalist Shahid Orakzai  has filed a petition in Pakistan’s Supreme Court to prevent the government or the military from holding negotiations with the Pakistani Taliban,  as it is forbidden by the country's Constitution

Recession in Europe could jeopardise global recovery: OECD

Recession in Europe could jeopardise global recovery: OECD

29 May 2013

The Organization for Economic Cooperation and Development has warned a protracted economic weakness in Europe could evolve into stagnation with negative implications for the entire global economy

Hollande calls for €6-bn youth unemployment spending; French consumer confidence lowest in history

29 May 2013

IMF pares growth projections for China

IMF pares growth projections for China

29 May 2013

The forecast from the IMF comes following a series of lowered 2013 growth estimates for China by economists following soft factory output and investment performance data for April and weak factory activity

Li calls for closer Sino-German business cooperation

27 May 2013

China initiates anti-dumping proceedings against European chemical manufacturers

27 May 2013

Positive sentiment in returning to offshore renminbi markets: IFR Asia

27 May 2013

UK came within six days of running out of gas; still faces crunch

25 May 2013

Revived Japanese economy could catalyse growth in Asia: Shinzo Abe

25 May 2013

UK Consumers now buy, waste less food than before the recession

25 May 2013

French judges bring no charges against Christine Lagarde

25 May 2013

US durable goods orders rise more than forecast

25 May 2013

German consumer confidence robust: Poll

24 May 2013

Kirk wants monarch to be crowned in Scotland if independent

24 May 2013

BoJ resorts to $19-bn bond purchase as yields rise to 1%

BoJ resorts to $19-bn bond purchase as yields rise to 1%

24 May 2013

Despite assurances from the central bank chief Haruhiko Kuroda last month that his goal was to lower bond yields, the rates increased steadily

Labour chief Miliband uses Google’s UK event to blast big tax evaders

23 May 2013

China manufacturing falls first time in seven months

23 May 2013

Bernanke bets on monetary stimulus for US economy

Bernanke bets on monetary stimulus for US economy

22 May 2013

In his testimony to the US Congress, Bernanke said low interest rates have helped improve home prices, increase consumer spending and thereby increase production and employment

Tax on the “private” billions in havens could end extreme world poverty twice over

22 May 2013

Individual tax dodgers deprived UK of £100 bn in revenue

22 May 2013

Cook defends Apple’s US tax avoidance before lawmakers

Cook defends Apple’s US tax avoidance before lawmakers

22 May 2013

Congressional investigators allege that even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the US and around the world

91 feared dead in Okhahoma tornado

21 May 2013

Apple CEO faces US Senate panel over tax avoidance charges

Apple CEO faces US Senate panel over tax avoidance charges

21 May 2013

Investigators say Apple’s tax avoidance efforts between 2009 and 2012 kept away at least $74 billion from the Internal Revenue Service

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