World economy
Corrupt Chinese officials stashed away over $120 billion overseas: report
18 Jun 2011
Thousands of corrupt government officials and executives of state-run firms have vanished with around $123.7 billion in ill-gotten wealth over the past two decades
UK government to sell bank assets
16 Jun 2011
The sale of Northern Rock, a potent symbol of the turmoil caused by the credit crunch, will be the "first step in getting the British taxpayer out of the business of owning banks."
Greek PM to reshuffle cabinet amid political turmoil
16 Jun 2011
A Greek default, which has a 50 per cent probability, could cascade through the global financial system, particularly in Europe, where major banks hold massive portfolios of bonds of financially troubled countries.
Greek workers protest austerity measures as EU fails to agree on fresh bailout
15 Jun 2011
The new austerity measures were announced after the budget deficit widened 13 per cent year-on-year in the first five months of the current year, making Greece ineligible for a second rescue package.
China’s central bank hikes reserve ratios for ninth time since October
14 Jun 2011
With inflation at a three-year peak, the People's Bank of China raised bank reserve ratios for the ninth time since october 2010
Banking secrecy, tax havens undermining global financial stability: Mukherjee
13 Jun 2011
The unwillingness of some countries to exchange past banking information puts a question mark on the efficacy of present legal provisions for exchange of banking information.
US may get dragged into South China Sea dispute
11 Jun 2011
India could well experience the effects of an oil price shock if oil prices continue to rise
11 Jun 2011
US condemns Syria’s “outrageous use of violence"
11 Jun 2011
Constitution framing goes online in tech-savvy Iceland
09 Jun 2011
Iceland is taking inputs from its citizens on its new constitution through social media sites Facebook and Twitter, video-sharing site YouTube and photo site Flickr
China's warning on "excessive" US assets sends dollar crashing
07 Jun 2011
Comments by a Chinese official that China should guard against risks of the US pursuing a weak dollar policy sent the greenback crashing today
Featured articles
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!
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.
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.
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
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
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
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