World economy
India overhauls Japan; now second largest Asian importer of oil
26 Aug 2010
In yet another significant statistic marking the rapid rise of India and China as global economic powers India has overtaken Japan in demand for oil among Asian nations in Q2 2010.
UK businesses warn against immigration caps
23 Aug 2010
China’s economic growth to flatten at 6-7 per cent: Rio Tinto CEO
20 Aug 2010
Rio Tinto’s CEO Tom Albanese predicts that China’s sizzling hot run in terms of economic growth will soon flatten to perhaps as low as 6 per cent in this decade itself.
US veto provides fillip to IMF reform
20 Aug 2010
The United States has blocked a proposal to maintain status quo at the IMF’s executive board, a move that will now allow emerging economies to have a greater say at the institution.
US tells Pakistan to accept Indian aid
19 Aug 2010
US Fed removes anomaly which sparked sub-prime crisis
18 Aug 2010
The US Federal Reserve finally moved to end a lending practice that was directly responsible for fuelling the housing boom and, subsequently, its collapse.
Pension incomes in Britain nearly halve: report
17 Aug 2010
China overtakes Japan as world's second-largest economy in Q2-2010
16 Aug 2010
China's economic output rose to $1.337 trillion in April-June 2010 even as Japan's GDP stood lower at $1.288 trillion, pulled down by a decline in exports on the back of a firmer yen.
German economy bounces back as exports boom
14 Aug 2010
Markets retreat on global economic fears
14 Aug 2010
With fear gripping financial markets that global growth may be crimping, investors have dumped stocks and sought shelter in safe haven territory of the dollar, the yen and US Treasuries.
Discouraged UK youth abandon seeking jobs: ILO study
12 Aug 2010
Discouraged young people who havew abndoned job searches now are generally highly educated as compared to the pre-recession period when mostly low-skilled workers could not find work
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