World economy
![Global super rich hiding $21 trillion offshore: report Global super rich hiding $21 trillion offshore: report](/economy/worldeconomy/images/shutterstock24july_sm_domain-b.jpg)
Global super rich hiding $21 trillion offshore: report
24 Jul 2012
While many of the tax-avoiding rich hail from Europe and North America, the newly wealthy in China and India, have siphoned off enough in the last 40 years to pay off their countries' respective debts
![IMF economist slams Fund over failure on euro zone IMF economist slams Fund over failure on euro zone](/organisation/imf/images/imf_logo_domain-b.jpg)
IMF economist slams Fund over failure on euro zone
21 Jul 2012
`The IMF had over-stretched by lending to Europe without exercising the same level of independence it would normally apply in bailouts to emerging economies’
![China plans to invest £35 bn on five nuclear reactors in the UK: report China plans to invest £35 bn on five nuclear reactors in the UK: report](/industry/power/images/nuclear_powerplant_sm_domain-b.jpg)
China plans to invest £35 bn on five nuclear reactors in the UK: report
21 Jul 2012
Chinese nuclear firms are considering investing £35 billion ($54.5 billion) in building up to five nuclear reactors in the UK, reveals a UK media report
![Republicans stall Obama legislation to curb outsourcing of jobs Republicans stall Obama legislation to curb outsourcing of jobs](/economy/worldeconomy/images/us_senate_domain-b.jpg)
Republicans stall Obama legislation to curb outsourcing of jobs
20 Jul 2012
With 42 legislators voting against, the bill fell four short of the 60 votes needed to bring it to a debate in the US Senate
![Violence returns to Pakistan's major cities Violence returns to Pakistan's major cities](/economy/worldeconomy/images/terrorist_domain-b.gif)
Violence returns to Pakistan's major cities
20 Jul 2012
The withdrawal of NATO forces from Pakistan will create a major security crisis for Pakistan, which is weakened and is racing to stabilise its side of the border before the 2014 deadline. By Ben West and Kamran Bokhari. Republished with permission of STRATFOR
China pledges $20-bn in credit to Africa
20 Jul 2012
![India's role in AIDS control commended India's role in AIDS control commended](/industry/pharma/images/syringe_sm_domain-b.jpg)
India's role in AIDS control commended
19 Jul 2012
With free ART treatment to people affected by the disease, the cost of AIDS treatment in India is the cheapest
![China puts ONGC-PetroVietnam block in South China Sea on auction China puts ONGC-PetroVietnam block in South China Sea on auction](/industry/oil_gas/images/reliance_industries_sm_domain-b.jpg)
China puts ONGC-PetroVietnam block in South China Sea on auction
18 Jul 2012
OVL has two deepwater operating blocks in the South China Sea, off the Vietnam coast - Block 0.61 and Block 128 - which are 45 per cent and 100 per cent, respectively, owned by OVL
![IMF sees India’s growth slowing to 6.1 per cent in 2012 IMF sees India’s growth slowing to 6.1 per cent in 2012](/economy/general/images/imf_logo_domain-b.jpg)
IMF sees India’s growth slowing to 6.1 per cent in 2012
16 Jul 2012
The latest World Economic Outlook projects global economic growth at 3.5 per cent this year, down 0.1 percentage point from the April forecast
Asean summit split over South China Sea dispute
14 Jul 2012
![ILO calls for faster job creation to combat 4.5-mn job losses from eurozone austerity ILO calls for faster job creation to combat 4.5-mn job losses from eurozone austerity](/economy/worldeconomy/images/unemployment_sm_domain-b.jpg)
ILO calls for faster job creation to combat 4.5-mn job losses from eurozone austerity
11 Jul 2012
The eurozone risked losing 4.5 million more jobs over the next four years, taking the number of unemployed to 22 million if it did not shift away from austerity, the ILO warns
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!
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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)