World economy

Erdogan emerges victor in Turkish election

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

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

Asylum seekers are not a 'burden' for European economies

23 Jun 2018

Australian homes install 3mn roof-top solar power systems

22 Jun 2018

China trying to colonise Pakistan, CPEC unfair deal for Islamabad: Dutch think tank

21 Jun 2018

Panama Papers to the fore again: Bachchan, Lionel Messi implicated

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

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

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

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

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

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

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

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

Pak Election Commission refuses to register Hazif Saeed's MML as political party

14 Jun 2018

India, China plan oil buyers’ block to counter Opec

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%

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

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

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’

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

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

China sold stainless steel 257% below market price, alleges US

07 Jun 2018

'Carbon bubble' coming that could wipe trillions from the global economy

05 Jun 2018

Inadequate sleep could cost countries billions

05 Jun 2018

Trump speaks of new trade deal as Canada hits back at US tariffs on steel, aluminium

04 Jun 2018

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