World economy
![Erdogan emerges victor in Turkish election Erdogan emerges victor in Turkish election](/economy/worldeconomy/images/recep_erdogan_jun_sm_domain-b.jpg)
Erdogan emerges victor in Turkish election
25 Jun 2018
Recep Tayyip Erdogan, the longest-surviving Turkish President, will enjoy enhanced powers under a new constitution agreed to in an April 2017 referendum
![Opec agrees to raise output by 1 mn barrels per day Opec agrees to raise output by 1 mn barrels per day](/organisation/international_org/opec/images/oil_barrel_jun_sm_domain-b.jpg)
Opec agrees to raise output by 1 mn barrels per day
23 Jun 2018
Opec members agreed to a deal on Friday to increase oil supplies by about 1 million barrels of oil per day, equivalent to an increase of 1 per cent of global supplies
![Panama Papers to the fore again: Bachchan, Lionel Messi implicated Panama Papers to the fore again: Bachchan, Lionel Messi implicated](/economy/worldeconomy/images/mossack_fonseca_jun_sm_domain-b.jpg)
Panama Papers to the fore again: Bachchan, Lionel Messi implicated
21 Jun 2018
A fresh trove of 1.2 million documents linked to the defunct Panamanian firm Mossack Fonseca reveal fresh details that appear to implicate Bollywood star Amitabh Bachchan, footballer Lionel Messi, and the family of Argentina’s president, among others
![Trump relents, issues order to stop separation of illegal families Trump relents, issues order to stop separation of illegal families](/economy/worldeconomy/images/donald_trump_may_sm_domain-b.jpg)
Trump relents, issues order to stop separation of illegal families
21 Jun 2018
The move follows withering criticism for the heavy-handed and cold-hearted response to an immigration crisis after the implementation of the zero-tolerance policy, resulting in children being forcibly separated from parents who illegally cross the border
![Study finds less corruption in countries where more women are in government Study finds less corruption in countries where more women are in government](/economy/worldeconomy/images/women_empowerment_jun_sm_domain-b.jpg)
Study finds less corruption in countries where more women are in government
21 Jun 2018
A greater representation of women in the government is bad news for corruption, finds a cross-country analysis of over 125 countries
![US withdraws from United Nations Human Rights Council US withdraws from United Nations Human Rights Council](/economy/worldeconomy/images/nikki_haley_jun_sm_domain-b.jpg)
US withdraws from United Nations Human Rights Council
20 Jun 2018
Rights groups have criticised the Trump administration for weakening America’s human rights record while critics slammed it for being selective in deciding human rights abuses within and in some parts of the world
![Microsoft under fire over ICE contract; but won’t back down Microsoft under fire over ICE contract; but won’t back down](/companies/companies_m/Microsoft/images/under_fire_june_sm_domain-b.jpg)
Microsoft under fire over ICE contract; but won’t back down
19 Jun 2018
Azure Government is a cloud computing software that Microsoft sells to various government agencies, but the contract with US Immigration and Customs has come in for criticism over the agency's detention centres and family separation policies
Global wealth rose 12% in 2017: BCG
16 Jun 2018
![Migrating via investment: why US is inferior to Canada, UK, others Migrating via investment: why US is inferior to Canada, UK, others](/economy/worldeconomy/images/ajay_sharma_sm_domain-b.jpg)
Migrating via investment: why US is inferior to Canada, UK, others
16 Jun 2018
The US EB-5 Investor programme or ‘million-dollar green card programme’ requires you to tie up around $575,000 of funds for a long period with no guarantee of success; similar programmes in Canada, the UK or Europe have much less burdensome requirements and may make more sense, says Ajay Sharma, president of Abhinav Oursourcings
![China retaliates as Trump slaps 25% duty on $50 bn worth of goods China retaliates as Trump slaps 25% duty on $50 bn worth of goods](/economy/worldeconomy/images/donald_trump_may_sm_domain-b.jpg)
China retaliates as Trump slaps 25% duty on $50 bn worth of goods
16 Jun 2018
With US annual trade deficit of more than $370 billion per annum with China, the US expects the measure to serve as an initial step toward bringing balance to bilateral trade relationship
![EU readies retaliatory action against Trump tariff EU readies retaliatory action against Trump tariff](/economy/worldeconomy/images/ioannes_claudius_juncker_sm_domain-b.jpg)
EU readies retaliatory action against Trump tariff
15 Jun 2018
Reports quoting European Commission sources said the EU countries endorsed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of goods, including whisky, motorcycles and blue jeans
![India, China plan oil buyers’ block to counter Opec India, China plan oil buyers’ block to counter Opec](/industry/oil_gas/images/oil_barrel_jun_sm_domain-b.jpg)
India, China plan oil buyers’ block to counter Opec
14 Jun 2018
While the two countries compete in the acquisition of oil assets overseas, India and China have a common interest in keeping oil import prices low, considering its impact on domestic economies
![US Fed raises lending rates by 25 bps to 1.75-2% US Fed raises lending rates by 25 bps to 1.75-2%](/economy/worldeconomy/images/jerome_powell_jun_sm_domain-b.jpg)
US Fed raises lending rates by 25 bps to 1.75-2%
14 Jun 2018
While raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 per cent and 2 per cent, the Fed said its monetary policy would remain accommodative
![Donald Trump, Kim Jong Un pledge to denuclearise North Korea Donald Trump, Kim Jong Un pledge to denuclearise North Korea](/economy/worldeconomy/images/trump_and_kim_june_sm_domain-b.jpg)
Donald Trump, Kim Jong Un pledge to denuclearise North Korea
12 Jun 2018
While there is no formal agreement between the two Koreas and their backers to end the 65-year-long conflict, the two sides have agreed to recover the remains of prisoners of war and those missing in action and repatriate them
![SCO fails to sell China’s Belt and Road Initiative to India SCO fails to sell China’s Belt and Road Initiative to India](/economy/worldeconomy/images/road_project_jun_sm_domain-b.jpg)
SCO fails to sell China’s Belt and Road Initiative to India
11 Jun 2018
India continues to oppose the project as the China Pakistan Economic Corridor (CPEC), an important component of the BRI, goes through Pakistan-occupied Kashmir
![Trump leaves G7 meet in shambles, calls Trudeau ‘dishonest liar’ Trump leaves G7 meet in shambles, calls Trudeau ‘dishonest liar’](/economy/worldeconomy/images/donald_and_justin_sm_domain-b.jpg)
Trump leaves G7 meet in shambles, calls Trudeau ‘dishonest liar’
11 Jun 2018
In scenes, remarks, and tweets that are unprecedented in the diplomatic world, Trump brought the US-led alliance of advanced economies close to a rupture, refusing to sign a joint communique with the group and calling Trudeau a “dishonest liar”
![Mystery illness forces US to evacuate diplomats from China Mystery illness forces US to evacuate diplomats from China](/economy/worldeconomy/images/us_embassy_june_sm_domain-b.jpg)
Mystery illness forces US to evacuate diplomats from China
08 Jun 2018
The United States is evacuating several of its diplomats from China following the mass incidence of a mysterious “sound attack” that affects brain functioning
Inadequate sleep could cost countries billions
05 Jun 2018
Featured articles
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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.
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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.
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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
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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
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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
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History of hovercraft Part 3...
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History of hovercraft Part 2...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
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History of Hovercraft Part 1...
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