World economy
![Hosni Mubarak sentenced to life imprisonment Hosni Mubarak sentenced to life imprisonment](/people/in_the_news/images/hosni_mubarak_june_sm_domain-b.jpg)
Hosni Mubarak sentenced to life imprisonment
02 Jun 2012
A criminal court in Cairo on Saturday sentenced Hosni Mubarak, the former Egyptian president, to life in prison for his role in the killing of protesters last year
![Big Ben to be renamed after queen Elizabeth Big Ben to be renamed after queen Elizabeth](/economy/worldeconomy/images/big_ben_sm_domain-b.jpg)
Big Ben to be renamed after queen Elizabeth
02 Jun 2012
Renaming public monuments or places after contemporary leaders is not just an Indian idiosyncrasy, but has even reached British shores
![No bailout talks on Spain: IMF No bailout talks on Spain: IMF](/economy/worldeconomy/images/spain_flag_sm_domain-b.jpg)
No bailout talks on Spain: IMF
02 Jun 2012
The IMF yesterday denied recent media reports on talks with Spain on contingency plans for the financial rescue of the troubled eurozone nation
China manufacturing PMI down lower than expected
01 Jun 2012
US Q1 GDP growth lowered to 1.9 per cent
01 Jun 2012
![Japan, China to start direct currency trading from 1 June Japan, China to start direct currency trading from 1 June](/economy/trade/images/china_and_japan_currency_sm_domain-b.jpg)
Japan, China to start direct currency trading from 1 June
30 May 2012
The world’s second and third-largest economies China and Japan have agreed to begin direct yen-yuan trading from 1 June scrapping the US dollar as intermediate currency
Yields shoot up as Italy sells €4.25-bn debt
29 May 2012
![Pope’s butler to cooperate in 'Vatileak' probe Pope’s butler to cooperate in 'Vatileak' probe](/economy/worldeconomy/images/basilica_sm_domain-b.jpg)
Pope’s butler to cooperate in 'Vatileak' probe
29 May 2012
The Vatican has been hit by a scandal invovling leaks of confidential correspondence that reveal murky intrigues and power struggles at the highest levels
![PM arrives in Myanmar; energy, security top agenda PM arrives in Myanmar; energy, security top agenda](/economy/worldeconomy/images/manmohan_singh_myanmar_may_sm_domain-b.jpg)
PM arrives in Myanmar; energy, security top agenda
28 May 2012
Seeking stronger ties with resource-rich Myanmar, Prime Minister Manmohan Singh will hold talks with Myanmar President Thein Sein and opposition leader and Nobel Peace prize winner Aung San Suu Kyi
![Investment in Australia’s resources sector reaches record $260 billion Investment in Australia’s resources sector reaches record $260 billion](/economy/worldeconomy/images/mining_sm_domain-b.jpg)
Investment in Australia’s resources sector reaches record $260 billion
26 May 2012
Seven new LNG projects account for over $164 billion investment that when completed in 2015-2016, will increase Australia’s LNG export capacity over three-fold to 80 million tonnes per annum
Secret ECB funds prop Greece’s banks: report
22 May 2012
![IAEA nears deal with Iran ahead of `Big-6’ talks IAEA nears deal with Iran ahead of `Big-6’ talks](/economy/worldeconomy/images/yukiya_amano_sm_domain-b.jpg)
IAEA nears deal with Iran ahead of `Big-6’ talks
22 May 2012
Amano said the accord would address the demand for access to an Iranian military site where nuclear weapons-relevant tests might have occurred
![Focus on Europe as G-8 leaders discuss global economic woes Focus on Europe as G-8 leaders discuss global economic woes](/economy/worldeconomy/images/g8_logo_domain-b.jpg)
Focus on Europe as G-8 leaders discuss global economic woes
19 May 2012
There were, however, signs of discord over the euro zone crisis with the UK and France getting US backing for opposing austerity measures proposed by Germany
![Oil plunges to below $92 on eurozone woes Oil plunges to below $92 on eurozone woes](/industry/oil_gas/images/oil_rig_4_sm_domain-b.jpg)
Oil plunges to below $92 on eurozone woes
19 May 2012
Crude oil stretched its third weekly decline dropping to $91.80 a barrel on Friday due to the deepening euro zone debt crisis and concerns of a slowdown in China, the world’s second-largest economy
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)