World economy

US Senate set to pass $1 trillion infrastructure bill

11 Aug 2021

IMF lowers 2021 growth forecast for India to 9.5%

IMF lowers 2021 growth forecast for India to 9.5%

28 Jul 2021

Based on the trends in the post-pandemic recovery and vaccine economics, the IMF’s update on its World Economic Outlook has lowered the growth forecast for India by 3 percentage points while raising it for the US and the UK to levels around 7 per cent

Exit Netanyahu, Naftali Bennett is Israel’s new Prime Minister

Exit Netanyahu, Naftali Bennett is Israel’s new Prime Minister

14 Jun 2021

The new prime minister, leading the far-right Yamina party of six MPs and heading a coalition of diverse left-wing, centrist, right-wing and Arab parties, is in a precarious position with a narrow 60-59 win in the confidence vote

Stifling fiscal freedom

Stifling fiscal freedom

14 Jun 2021

While a uniform tax rate would disable low-income and developing countries wanting to preserve or enhance their corporate tax base and mobilise revenue, the G7 is more concerned about the shift of income from intangible sources such as drug patents, software and royalties on intellectual property to these low-tax jurisdictions

Donald Trump calls for $10 trn reparations from China over Wuhan virus

Donald Trump calls for $10 trn reparations from China over Wuhan virus

08 Jun 2021

The Former US President said nations should work together to present China for a bill of minimum $10 trillion and that, as a first step, all countries should collectively cancel any debt that they owe to China as a down payment on reparations

G7 nations strike deal on uniform tax rate for global firms

G7 nations strike deal on uniform tax rate for global firms

07 Jun 2021

While the deal opens global firms like Google, Amazon and other tech giants to taxation in all countries where they operate, the G7 agreement says that other countries should repeal their unilateral digital taxes in favour of a low global tax rate

As China’s Sinovac fails to tame the Wuhan virus, Bahrain, UAE and other countries opt for Pfizer booster

07 Jun 2021

Next stage of UK roadmap ‘in the balance’: UK Professor

Next stage of UK roadmap ‘in the balance’: UK Professor

27 May 2021

Imperial’s Professor Neil Ferguson says the next stage of the UK’s roadmap out of lockdown is ‘in the balance’ as variant B1.617.2 becomes dominant

Singapore shuts schools as new Wuhan virus variant seen affecting children

19 May 2021

US Senate votes to repeal Trump-era banking rule 'true lender'

12 May 2021

The digital divide could exclude millions

The digital divide could exclude millions

21 Apr 2021

The digital divide could exclude millions of the UK's poorest people, academics warned at the first event of Imperial's new 'SDG of the month' series

US House passes bills to empower undocumented immigrants

US House passes bills to empower undocumented immigrants

26 Mar 2021

The bills once passed into law will help nearly 11 million undocumented immigrants in the US, including over 500,000 from India, to gain US citizenship

US GDP growth slows to 4% in Q4 2020 amidst widening trade deficit

08 Feb 2021

Fed keeps policy rated unchanged amidst a spike in US unemployment

28 Jan 2021

US to put breaks on new oil and gas exploration

28 Jan 2021

Biden moves to end Muslim travel ban, rejoin Paris climate accord and bolster war on Covid-19

21 Jan 2021

Joe Biden and Kamala Harris take charge of US administration

Joe Biden and Kamala Harris take charge of US administration

21 Jan 2021

The 78-year-old Joe Biden becomes the oldest to be sworn in as President of the United States, while Kamala Harris, 56, created history as the first woman to be sworn in as Vice President of the United States

Dubai claims a first with aluminium production using solar power

Dubai claims a first with aluminium production using solar power

21 Jan 2021

UAE’s Emirates Global Aluminium on Monday said the state-owned aluminium manufacturer was already producing ‘CelestiAL' metal using power supplied by Dubai Electricity and Water Authority’s 1,013 MW Mohammed bin Rashid Al Maktoum Solar Park south of Dubai

US commerce secretary signs MoU with Bahrain for setting up US Trade Zone

21 Jan 2021

Saudi Arabia and allies restore diplomatic ties with Qatar

08 Jan 2021

Boris Johnson secures UK parliament approves for Brexit trade deal

04 Jan 2021

EU, UK hammer out a Brexit deal, days ahead of the deadline

EU, UK hammer out a Brexit deal, days ahead of the deadline

04 Jan 2021

The deal, struck after 11 months of painstaking negotiations, is still short of a trade deal and at best is only a blueprint for Britain’s co-existence with the European Union

UK tightens lockdown as newer corona virus strains threaten to worsen pandemic

30 Dec 2020

US adds China’s SMIC to the Entity List, restricting access to US technology

30 Dec 2020

UK in fresh lockdown over mutant coronavirus attack

29 Dec 2020

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