World economy
After Google, Amazon under fire for ‘pathetic’ UK tax contribution
20 May 2013
Amazon’s UK subsidiary paid just £2.4 million in corporate taxes last year, on sales of as much as £4.3 billion, but recieved 2.5 million in government grants
India-China ties key to world peace: Chinese premier Li Kequiang
20 May 2013
Chinese Premier Li Keqiang today pledged to build trust with India, and declared that ties between the Asian giants were a key to world peace.
MPs ready with questions for Amazon over taxes
17 May 2013
IMF approves €1-bn loan for Cyprus
17 May 2013
Obama fires chief of tax agency IRS over ‘tea party’ scandal
17 May 2013
US President Barack Obama sacked the acting chief of the Internal Revenue Service, for an 18-month campaign against opposition poltical groups in the run-up to the 2012 US election
Cairn India boosts Vedanta’s FY’13 net profit by 163%
16 May 2013
During the year, the company also managed to reduce its net debt by $1.5 billion to $8.615 billion despite near zero production by group iron ore mining firm Sesa Goa
US budget deficit falling faster than expected
15 May 2013
Euro zone economy in an extended recession
15 May 2013
Recession in the bloc, which dates back to the fourth quarter of 2011, is now longer than the five quarters of contraction that followed the global financial crisis in 2008-09
EU regulator raids oil giants over price manipulation
15 May 2013
The European Commission yesterday raided the offices of oil giants including Royal Dutch Shell, BP and Statoil over concerns that they colluded in manipulating the oil price benchmark in violation of EU antitrust rules
PM unlikely to accept Sharif’s impromptu invite for swearing-in
14 May 2013
Prime Minister Manmohan Singh is yet to receive a formal invitation for the swearing-in ceremony of Pakistan's newly elected Prime Minister Nawaz Sharif; but is unlikely to accept when it comes
Nawaz Sharif set to be Pakistan PM for a third time
13 May 2013
The two-time prime minister, once jailed and exiled following his ouster in a military coup in 1999, has promised to improve relations with both India and Afghanistan
Featured articles
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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