World economy
![Falling incomes hit UK's elderly the hardest: Aviva Falling incomes hit UK's elderly the hardest: Aviva](/economy/worldeconomy/images/old_couple_sm_domain-b.jpg)
Falling incomes hit UK's elderly the hardest: Aviva
11 Jul 2012
The average personal savings of those above 75 in the UK saw a 40-per cent erosion in just two years due to rise in the cost of living
Bangladesh may join TAPI gas pipeline project
10 Jul 2012
Growth in India, China slowing further: OECD
09 Jul 2012
China ‘second-class enemy' of India: Ratan Tata
09 Jul 2012
China reacts mildly to US complaint at WTO
07 Jul 2012
![Opposition's pledge to junk carbon tax fails to enthuse Australian businesses Opposition's pledge to junk carbon tax fails to enthuse Australian businesses](/economy/worldeconomy/images/chinese_manufacturing_plant_sm_domain-b.jpg)
Opposition's pledge to junk carbon tax fails to enthuse Australian businesses
07 Jul 2012
Fewer than a quarter of the biggest heavy greenhouse gas-emitting companies in Australia, support opposition leader Tony Abbott's pledge to repeal the controversial carbon tax
IMF to pare global growth forecasts: Lagarde
07 Jul 2012
Donor nations set to pledge $15-bn in Afghan aid
07 Jul 2012
![China cuts key lending rate to 6 per cent to spur growth China cuts key lending rate to 6 per cent to spur growth](/economy/worldeconomy/images/china_currency_sm_domain-b.jpg)
China cuts key lending rate to 6 per cent to spur growth
05 Jul 2012
The rate cut, which would be effective tomorrow, comes close on the heels of the reduction in lending rates announced on 7 June 2012
![ECB cuts key interest rate by 25 bps to 0.75 per cent ECB cuts key interest rate by 25 bps to 0.75 per cent](/economy/worldeconomy/images/european_central_bank_sm_domain-b.jpg)
ECB cuts key interest rate by 25 bps to 0.75 per cent
05 Jul 2012
ECB also reduced its deposit rate to zero, thereby helping banks in need to borrow from the central bank and lend to other banks in the overnight money market
![Barclays chief resigns over Libor scandal Barclays chief resigns over Libor scandal](/finance/banks/barclays/images/bob_diamond_sm_domain-b.jpg)
Barclays chief resigns over Libor scandal
03 Jul 2012
According to Diamond, the deliberate misrepresentation of facts had been done with the connivance of the Bank of England, in the national interest of averting a run on the bank
![Negotiations behind US sanctions against Iran Negotiations behind US sanctions against Iran](/economy/worldeconomy/images/reva_bhalla_sm_domain-b.jpg)
Negotiations behind US sanctions against Iran
03 Jul 2012
The sanctions applied thus far certainly have complicated Iran's day-to-day business operations. However, Iran is well versed in deception tactics to allow itself and its clients to evade sanctions and thus dampen the effects of the US campaign. By Stratfor Middle East analyst Reva Bhalla. Republished with permission of STRATFOR
![Thousands protest as Hu swears in new Hong Kong leader Thousands protest as Hu swears in new Hong Kong leader](/economy/worldeconomy/images/leung_chun_ying_sm_domain-b.jpg)
Thousands protest as Hu swears in new Hong Kong leader
03 Jul 2012
Tens of thousands of pro-democracy protesters marched in the streets of Hong Kong, hours following the swearing in of the city’s new leader Leung Chun-ying by Chinese president, Hu Jintao
![Australia launches controversial carbon tax Australia launches controversial carbon tax](/economy/worldeconomy/images/julia_gillard_sm_domain-b.jpg)
Australia launches controversial carbon tax
02 Jul 2012
The carbon pricing in Australia applies to nearly 300 of the country’s largest entities that emit more than 25,000 tonnes of greenhouse gases annually
![EU summit agrees on banking union; €120-bn growth plan EU summit agrees on banking union; €120-bn growth plan](/economy/worldeconomy/images/coin_sm_domain-b.jpg)
EU summit agrees on banking union; €120-bn growth plan
30 Jun 2012
The two-day summit of the leaders of the European Union in Brussels ended yesterday with a landmark agreement on unified banking which will facilitate direct recapitalisation of struggling banks from the EU’s bailout funds
![EU issues €2.3-bn bond to support Ireland EU issues €2.3-bn bond to support Ireland](/economy/worldeconomy/images/spin_ecomnomy_sm_domain-b.jpg)
EU issues €2.3-bn bond to support Ireland
28 Jun 2012
The European Union yesterday cleared a €2.3-billion fund for Ireland by placing a benchmark 15-year bond, as part of its rescue package
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)