World economy

US using Indian refiners for record purchase of gasoline and diesel of Russian origin: report

06 Feb 2023

US using Indian refiners for record purchase of gasoline and diesel of Russian origin: report

06 Feb 2023

G20 Energy Transitions Working Group meets in Bengaluru

06 Feb 2023

G-20 Employment Working Group concludes meeting in Jodhpur

06 Feb 2023

India seeks unity of Global South to grow past a ‘frozen’ United Nations

India seeks unity of Global South to grow past a ‘frozen’ United Nations

16 Jan 2023

As many as 125 countries, which included 29 countries from Latin America and Caribbean, 47 countries from Africa, seven from Europe, 31 from Asia and 11 from Oceania, participated in the summit, while China and Pakistan were absent

Rising debt could undermine South Asia’s growth: RBI governor

Rising debt could undermine South Asia’s growth: RBI governor

10 Jan 2023

Multiple external shocks in the form of Covid related global supply chain disruptions, food and energy crisis following the war in Ukraine, and financial market volatility arising from the aggressive monetary policy tightening have exerted sustained price pressures in the South Asian economies, RBI governor Shaktikanta Das told a meeting of the International Monetary Fund

US “interference” in Hamburg terminal deal spooks China

07 Nov 2022

Rishi Sunak becomes UK’s first Indian origin Prime Minister

Rishi Sunak becomes UK’s first Indian origin Prime Minister

25 Oct 2022

Sunak must ensure that his team is focused on overcoming a tumultuous economic crisis even as his government fixes the mistakes made by his predecessors

Fed hikes rates by a further 75 bps to curb inflation

26 Sep 2022

Rest of Asia set to grow faster than China for the first time in 30 years, says ADB

26 Sep 2022

Britain’s Queen Elizabeth dies at 96

Britain’s Queen Elizabeth dies at 96

14 Sep 2022

Her eldest son Charles, 73, automatically becomes king of the United Kingdom and the head of state of 14 other nations, including Australia, Canada and New Zealand

ECB raises key rates by 75 basis points to tame inflation

14 Sep 2022

US economy contracted in second quarter by 0.6%

31 Aug 2022

China’s trade surplus at record $101 billion in July as exports grow 18%

08 Aug 2022

US Fed hikes policy interest rate by a further 75 basis points

29 Jul 2022

China launches a second module to its space station

China launches a second module to its space station

25 Jul 2022

China will launch a third module, named Mengtian, in October this year, completing the T-shaped space station

Ukraine, Russia agree to reopen grain ports: Turkey

25 Jul 2022

Italian Prime Minister Mario Draghi resigns after failed trust vote

22 Jul 2022

Facing the Heat of Climate Change

Facing the Heat of Climate Change

21 Jul 2022

Temperatures will cease rising only if humans stop adding greenhouse gases to the atmosphere, and any failure to tackle climate change would see heat extremes escalate even more dangerously, say experts

Russia’s April-June current account surplus tops $70.1 bn despite sanctions

14 Jul 2022

Sri Lanka declares bankruptcy as country plunges into chaos

Sri Lanka declares bankruptcy as country plunges into chaos

11 Jul 2022

Sri Lanka is currently in negotiations with the International Monetary Fund (IMF) to save the economy, but the IMF said more work was required to repair Sri Lanka’s runaway fiscal deficit before any agreement is worked out

Boris Johnson resigns as British prime minister

Boris Johnson resigns as British prime minister

08 Jul 2022

At least 32 British lawmakers, including Treasury chief Rishi Sunak and Health Secretary Sajid Javid, left Johnson’s government in less than 24 hours, saying the Tory leader no longer has their confidence

Chernogolovka gains as Coca-Cola, Pepsi suspend Russian operations

Chernogolovka gains as Coca-Cola, Pepsi suspend Russian operations

01 Jul 2022

Chernogolovka, an aerated drinks company named after a town outside Moscow where it was founded in 1998, is reported to have more than doubled its presence in hotels, restaurants and cafes so far this year

US Fed hikes interest rate by 0.75% to tame inflation

20 Jun 2022

World Bank fears a possible rerun of the 1970s ‘stagflation’

World Bank fears a possible rerun of the 1970s ‘stagflation’

09 Jun 2022

Stagflation is a situation when high prices – mostly of oil and food - cause high inflation worldwide even as economies dependent on imports face recession

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