World economy
Quad plans over $50 bn infastructure investment in Asia-Pacific
25 May 2022
The Quad leaders said they will champion adherence to international law, as reflected in the UN Convention on the Law of the Sea (UNCLOS), and the maintenance of freedom of navigation and overflight, to meet challenges to the maritime rules-based order, including in the East and South China Seas
Sri Lanka govt plans to sell airline; prints money to pay salaries
23 May 2022
The nation has only one day’s stock of gasoline and the government is working to obtain dollars in the open market to pay for three ships with crude oil and furnace oil that have been anchored in Sri Lankan waters, the newly appointed Prime Minister Ranil Wickremesinghe said
Ray of hope as Russia offers ceasefire, Ukraine distances from Nato
09 Mar 2022
Russia announced the ceasefire for evacuation of the civilian population from Chernihiv, Sumy, Kharkiv, Mariupol, and Zaporizhzhia, even as Ukranian President Volodymyr Zelenskyy said he is no longer pressing for Nato membership for Ukraine, and cooled down on break-away provinces
Vladimir Putin seeks lawmakers’ permission to use force outside Russia
07 Mar 2022
Putin's move to sign a decree recognising Donetsk and Luhansk (Donbass) as independent regions, will pave way for Russian military forces to enter into these separatist-dominated regions claiming to be an ally of the rebels
India committed to remain a reliable global partner, PM Modi tells WEF
20 Jan 2022
‘Throw away’ culture and consumerism has deepened the climate challenge and this has made it imperative for the world to rapidly move to a circular economy, Modi said
Olaf Scholz replaces Angela Merkel as Germany’s chancellor
13 Dec 2021
While Germans see a continuation of Merkel's governing style in Scholz, who is a calm, steady hand in a crisis and a pragmatic leader striving for compromise, on foreign policy and on European policy, Scholz will be more aligned with the President Joe Biden of the United States
David Card, Joshua Angrist and Guido Imbens share Economics Nobel 2021
11 Oct 2021
David Card, Joshua Angrist and Guido Imbens have provided new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments that has spread to other fields and revolutionised empirical research,” says the Nobel Prize committee
Maria Ressa and Dmitry Muratov share Nobel Peace Prize 2021
08 Oct 2021
Maria Ressa used freedom of expression to expose abuse of power, use of violence and growing authoritarianism in her native country, the Philippines, while Dmitry Muratov has for decades defended freedom of speech in Russia under increasingly challenging conditions, according tp the Nobel Prize Committee
Abdulrazak Gurnah wins Nobel Prize in Literature 2021
08 Oct 2021
`Abdulrazak Gurnah's dedication to truth and his aversion to simplification are striking,; the Nobel Committee for Literature said, adding, `His novels recoil from stereotypical descriptions and open our gaze to a culturally diversified East Africa unfamiliar to many in other parts of the world’
Benjamin List and David MacMillan share Nobel Prize in Chemistry 2021
06 Oct 2021
Benjamin List and David MacMillan have been awarded the Nobel Prize in Chemistry 2021 for independent research leading to the development of a third type of catalysis, called asymmetric organocatalysis that builds upon small organic molecules
Klaus Hasselmann and Niklas Elmehed share 2021 Physics Nobel with Giorgio Parisi
06 Oct 2021
The Nobel Prize in Physics 2021 has been awarded to three scientists, with Syukuro Manabe and Klaus Hasselmann jointly sharing half of the prize money "for the physical modelling of Earth's climate, quantifying variability and reliably predicting global warming" and the other half going to Giorgio Parisi "for the discovery of the interplay of disorder and fluctuations in physical systems from atomic to planetary scales."
David Julius and Ardem Patapoutian share 2021 Nobel Prize in Medicine
06 Oct 2021
The groundbreaking discoveries of the TRPV1, TRPM8 and Piezo channels by this year’s Nobel Prize laureates have allowed us to understand how heat, cold and mechanical force can initiate the nerve impulses that allow us to perceive and adapt to the world around us, says the Nobel Prize Committee
US Fed not in a hurry to close money taps: Powel
30 Aug 2021
While the pandemic-led recession, the briefest and deepest on record, displaced roughly 30 million workers in the United States in the space of two months, recovery has ben even faster, the Fed chief said
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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
02 Apr 2023
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
06 Mar 2023
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