World economy
BRIC nations call for a new global financial order
10 Nov 2008
Brazil, Russia, India and China have called for a major revamp of the current global financial system and have sought a rightful place for themselves
Warren Buffett’s Berkshire reports 77-per cent drop in quarterly profit
08 Nov 2008
Warren Buffett’s flagship investment vehicle Berkshire Hathaway reported a whopping 77-per cent decrease in income due to the vagaries of a market meltdown.
IMF predicts global recession
07 Nov 2008
IMF researchers yesterday predicted a contraction in the economies of developed countries, with emerging economies facing the risk of recession.
Motorola job cuts to affect Indian operations
05 Nov 2008
China feels the pangs as the world slows down
05 Nov 2008
The global economic slowdown is taking a toll on China, threatening to swell the ranks of its unemployed and reversing the income gains made in recent years.
IMF loosens loan strings, for now
30 Oct 2008
IMF's $100-billion facility to aid crisis-hit nations
30 Oct 2008
IMF will create a $100 billion short-term lending facility (SLF) for making available new cash for countries battered by the financial crisis.
EU urges China, Gulf States to fund IMF
29 Oct 2008
UK Prime Minister Gordon Brown, French President Nicolas Sarkozy have appealed to China and the oil rich Gulf states to contribute to the the IMF fund as its own resources may not not suffiice to aid countries hit by the global turmoil.
Das Kapital sales shoot up amid financial crisis
27 Oct 2008
Karl Marx, famous for having predicted the ultimate demise of capitalism as it created an exploitative system that ends up destroying itself, is in the midst of renewed interst in the capitalist world.
IMF bails out Ukraine with a $16.5 billion loan
27 Oct 2008
Pakistan seeks IMF help
27 Oct 2008
Pakistan has approached the IMF for two-year stand by loan for an undisclosed sum to meet its balance of payments difficulties caused by result of high food and fuel prices and the global financial crisis.
IMF and the World Bank set to increase loans
27 Oct 2008
IMF approves $2-billion loan for Iceland
25 Oct 2008
Iceland becomes the second European nation after the UK in 1976, to receice a $2-billion loan from the IMF to save the country from bankruptcy
Europe seeks succour from China as financial market crisis worsens
24 Oct 2008
While China can maintain its own stability, it is also capable of helping developed countries overcome the crisis, say global leaders.
Goldman Sachs to slash 10 per cent jobs, 3200 employees at risk
24 Oct 2008
Even the venerable Wall Street banker Goldman Sachs has been forcfed to cut jobs to cope with the economic slowdown wrought by the collpse of major banking institutions
Global leaders' summit in Washington on 15 November
23 Oct 2008
The threat of the financial crisis trigerring a deep and prolonged economic slowdown has prompted world leaders to meet in Washington next month
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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
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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.
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The Rise and Rise of HDFC Bank
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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
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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
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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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