World economy

Romania’s witches curse government for taxing them

Romania’s witches curse government for taxing them

08 Jan 2011

Self-declared witches in Romania are preparing to curse the country's rulers publicly for taxing their profession under an amended labour law

IMF sanctions $1.7 billion aid to Romania

08 Jan 2011

India to overtake US by 2050; may even beat China: PwC

India to overtake US by 2050; may even beat China: PwC

08 Jan 2011

For those obsessed with India's status as a rising superpower, there is more good news - the country might overtake the USA to emerge as the world's second largest economy by 2050, according to a report published by PricewaterhouseCoopers (PwC).

EU raises €5 bn in bonds to rescue Ireland; Asia buys one-fifth

07 Jan 2011

China inks deals worth $7.5 bn with Spain

China inks deals worth $7.5 bn with Spain

06 Jan 2011

The euro zone nation, struggling to prop up its economy from a looming sovereign debt crisis, is eager to welcome the cash-rich Asian giant as a potential rescuer.

UK government scheme launches scheme to help jobless set up businesses

06 Jan 2011

Smaller UK business cutting investments on uncertain domestic demand

05 Jan 2011

India most attractive destination for Japan in coming decade

India most attractive destination for Japan in coming decade

05 Jan 2011

 India overtakes China as the most attractive overseas investment destination for Japanese manufacturers over the next decade even though China retains its advantage over the shorter three term period.

Estonia embraces euro; starts changeover as 17th euro nation

Estonia embraces euro; starts changeover as 17th euro nation

04 Jan 2011

The nation’s prime minister Andrus Ansip became the first Estonian national to withdraw the new currency from a cash machine, marking the beginning of the integration of the small Baltic state of 1.3-million population with the mighty euro zone.

Australia introduces comprehensive consumer protection law

01 Jan 2011

Spring of discontent: UK unions plan mass strikes

31 Dec 2010

VAT hike to delay tax freedom day in UK by two days

29 Dec 2010

UK transport watchdog suggests overhaul of London rail tracks to beat the cold

UK transport watchdog suggests overhaul of London rail tracks to beat the cold

29 Dec 2010

The UK government's transport troubleshooter wants a radical overhaul of 3,000 miles of track in the London commuter belt to preempt a commuter revolt

UK unemployment to hit 17 year high

29 Dec 2010

UK to crack down on incapacity benefit abuse

28 Dec 2010

Western Australia farm contaminated by GM-canola

27 Dec 2010

India hosts a third of the world’s poor

India hosts a third of the world’s poor

27 Dec 2010

India now is considered to have the largest proportion of poor people in the world as other countries, most notably China, have done a better job at reducing poverty than India.

Consumers to pay higher tax than the biggest of UK banks

27 Dec 2010

Japan unveils $1.11 trillion draft budget

Japan unveils $1.11 trillion draft budget

27 Dec 2010

Japan is fighting to cut back its huge public debt — the highest among developed nations — which stands at around 194 per cent of the gross domestic product

Its BRICS now, as S.Africa gets the invite

Its BRICS now, as S.Africa gets the invite

25 Dec 2010

The four-nation formation of Brazil, Russia, India and China (BRIC) now adds a fifth member, South Africa, to the group adding another initial to its acronym to become BRICS.

Ireland nationalises Allied Irish Banks, injects €3.7 bn

Ireland nationalises Allied Irish Banks, injects €3.7 bn

24 Dec 2010

The high court has ordered AIB to delist its shares from the main securities market of the Irish Stock Exchange (ISE) as well as the London Stock Exchange, and apply for listing in the junior enterprise securities market of ISE

China ready to invest €4-5 billion in Portuguese bonds: report

China ready to invest €4-5 billion in Portuguese bonds: report

23 Dec 2010

China, the nation with a swollen foreign currency basket, is prepared to buy Portuguese sovereign debt to the tune of €4 billion to €5 billion to help the debt-laden European nation to prop up its struggling economy

Japan may sink into recession, say analysts

21 Dec 2010

China building 24 new projects on Brahmaputra

China building 24 new projects on Brahmaputra

21 Dec 2010

Intelligence agencies have reported dozens of new projects, possibly hydro-power projects, coming up on Chinese side of the Brahmputra

Obama passes tax cuts with Republican backing

20 Dec 2010

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