World economy
Stunning turnaround in Strauss-Kahn sexual-assault case
01 Jul 2011
Former IMF chief, Dominique Strauss-Kahn, may soon be released from house arrest after New York City prosecutors reveal that there are serious concerns about the credibility of the hotel chambermaid who accused him of sexual assault.
German parliament dumps nuclear energy; shutdown in 2022
01 Jul 2011
Voting overwhelmingly in favour of renewable energy, German lawmakers have approved plans to shut the country's nuclear plants by 2022.
US debt burden on "unsustainable trajectory": IMF
30 Jun 2011
The IMF has warned that the US debt burden is on an "unsustainable trajectory" and cautioned against sharp fiscal corrections in order to protect its fragile economy recovery
Gulf nations top US list of slave trade offenders
By By Jagdeep Worah | 29 Jun 2011
The state department report on human trafficking, prefaced by secretary Hilary Clinton, names Saudi Arabia and North Korea among the worst offenders; with India on the watchlist.
China sign $15-bn deals with Germany
29 Jun 2011
During Chinese Premier Wen Jiabao's visit China and Germany pledge to double their trade by 2015
48-hour strike paralyses Greece ahead of austerity vote
28 Jun 2011
The ongoing European sovereign debt crisis has come to a boil with a 48-hour general strike paralysing Greece on Tuesday ahead of a parliamentary vote on austerity measures the country must adopt to avoid default.
China’s 2010 fiscal deficit at $124 billion
28 Jun 2011
China’s central government expenditures exceeded revenue in 2010, resulting in a fiscal deficit of 800 billion yuan — 50 billion yuan less than the annual budget
India, China to boost cooperation in healthcare
25 Jun 2011
G-20 vows action to stabilise world food prices
25 Jun 2011
Oil tumbles as IEA announces release of 60 million barrels of stock
23 Jun 2011
IEA plans to release 2 million barrels a day, over an initial 30 days, into the world market to fill the supply gap left by the disruption to Libya's output.
World's wealthiest richer than before, Indians amongst top 12
23 Jun 2011
A new report says the world's wealthiest are getting more prosperous, and numerous, by the day and that India’s HNIs have moved into the top 12 for the first time.
London Underground drivers end first strike
20 Jun 2011
Eurozone crisis seen as `another Lehman'
20 Jun 2011
US government to get tough with web hackers
18 Jun 2011
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.
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