World economy

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

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
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
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
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
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Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.

The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES

Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.

As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.

The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)

The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.

Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
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
By Aniket Gupta | 27 Dec 2023
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.

What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
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