World economy
![Singapore to cut politicians' pay by 30% from 21 May Singapore to cut politicians' pay by 30% from 21 May](/economy/worldeconomy/images/parliament.gov.sg_sm_domain.jpg)
Singapore to cut politicians' pay by 30% from 21 May
04 Jan 2012
Singapore’s politicians, the highest paid in the world will soon have to take a salary cut by at least a third, but they would still retain their top ranking as the highest paid politicians globally
![India-Saudi trade touches $26 billion; new investments, JVs eyed India-Saudi trade touches $26 billion; new investments, JVs eyed](/economy/trade/images/india_saudi_domain-b.jpg)
India-Saudi trade touches $26 billion; new investments, JVs eyed
04 Jan 2012
India’s exports to Saudi Arabia increased from $2.59 billion in 2006-07 to $5.22 billion in 2010-11 while its imports from that country increased from $13.35 billion in 2006-07 to $20.38 billion in 2010-11
![China looks at capital account convertibility of renminbi China looks at capital account convertibility of renminbi](/economy/worldeconomy/images/yuan_sm_domain-b.jpg)
China looks at capital account convertibility of renminbi
02 Jan 2012
A fully convertible renminbi would allow free capital flows into China, hopes to challenge the dollar as the world's reserve currency
UK mortgage debt softens by another 8.6 billion
31 Dec 2011
China shifts FDI focus to hi-tech areas
30 Dec 2011
![China’s factory output down in December amid negative cues China’s factory output down in December amid negative cues](/economy/worldeconomy/images/china_flag_domain-b.gif)
China’s factory output down in December amid negative cues
30 Dec 2011
China's economy is slowing down for a fourth successive quarter, easing further from the first quarter's 9.7 per cent to below 9 per cent in the final three months
Eurozone banks park record cash with ECB
29 Dec 2011
Workers at LG plant in China strike over bonus
28 Dec 2011
German companies upbeat amidst euro crisis
28 Dec 2011
Deflation returns to Japan as production drops
28 Dec 2011
Zardari vows to battle on as Pakistan President
28 Dec 2011
Morgan Stanley to cut 580 jobs in New York City
28 Dec 2011
French jobless rate hits record high in November
27 Dec 2011
![US firms acquiring assets from distressed European banks US firms acquiring assets from distressed European banks](/management/m_a/images/m&a_sm_domain-b.gif)
US firms acquiring assets from distressed European banks
27 Dec 2011
With Europe deep in financial trouble, US firms, eyeing an opportunity to make quick gains are buying up bank owned assets from Miami to Dublin
![Banks prepare to deal in pre-euro currencies if EU collapses Banks prepare to deal in pre-euro currencies if EU collapses](/finance/banks/images/currency_collaboration_sm.jpg)
Banks prepare to deal in pre-euro currencies if EU collapses
26 Dec 2011
Preparing their systems to handle codes for old European currencies was one way banks were taking steps to insulate themselves from major business disruptions if any country suddenly left the euro
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.
![](/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.
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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
![](/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)