World economy
![Switzerland to loosen bank secrecy laws under US pressure Switzerland to loosen bank secrecy laws under US pressure](/finance/banks/images/ubs_building_sm_domain-b.jpg)
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](/economy/worldeconomy/images/pm_global_times_sm_domain-b.jpg)
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’](/economy/worldeconomy/images/pakistan_supreme_court_sm_domain-b.jpg)
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](/economy/worldeconomy/images/euro_may_sm_domain-b.jpg)
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](/economy/worldeconomy/images/china_pares_sm_domain-b.jpg)
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
US durable goods orders rise more than forecast
25 May 2013
German consumer confidence robust: Poll
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%](/economy/worldeconomy/images/tokyo_stock_exchange_sm_domain-b.jpg)
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
![Bernanke bets on monetary stimulus for US economy Bernanke bets on monetary stimulus for US economy](/economy/worldeconomy/images/ben_bernanke_sm_domain-b.jpg)
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
![Cook defends Apple’s US tax avoidance before lawmakers Cook defends Apple’s US tax avoidance before lawmakers](/companies/companies_a/Apple/images/tim_cook2_sm_doamin-b.jpg)
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](/companies/companies_a/Apple/images/tim_cook_sm_doamin-b.jpg)
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
Featured articles
![](/Uploads/Images/thumb_733d509d-493c-41e9-b429-1260d912bb91-Aerogel-Crayon.jpg)
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!
![](/Uploads/Images/thumb_294b0bec-6ff0-43c9-9fbc-a14e7cc70fa5-COP28.jpg)
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.
![](/Uploads/Images/thumb_97943c9b-6e8f-429b-b355-1d4502bac437-Ponzi-Money.jpg)
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.
![](/Uploads/Images/thumb_0f8359a3-2528-4faf-86c9-707fb7bccc01-Hdfc-logo.jpg)
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
![](/Uploads/Images/thumb_dc6b9dcc-e31e-4574-82e7-928e089406e0-Finger_millet.jpg)
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
![](/Uploads/Images/thumb_e37827da-fafd-4991-8635-60fade3df34c-ICM.jpg)
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
Business History Videos
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_61209e69-fdfb-493a-add7-afc253731af7-YouTube-thumbnail-Hovercraf.jpg)
History of hovercraft Part 3...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_f5cfed27-cd8d-4644-9c6b-d1f3f64fb558-YouTube-thumbnail-Hovercraf.jpg)
History of hovercraft Part 2...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_1510a271-632f-46ba-846b-a761ccffe903-History-of-Hovercraft.jpg)
History of Hovercraft Part 1...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_b54c323b-99c2-47ed-9df1-06452504c83a-YouTube-thumbnail-Indian-tr.jpg)