World economy
![Obama vows action against Russia over alleged poll meddling Obama vows action against Russia over alleged poll meddling](/economy/worldeconomy/images/obama_serious_sm_domain-b.jpg)
Obama vows action against Russia over alleged poll meddling
16 Dec 2016
President Obama says the US will take retaliatory action against Russia for its alleged efforts to influence the presidential election – which could put him in direct confrontation with president-elect Donald Trump
![Russia, Japan agree on joint development of disputed islands Russia, Japan agree on joint development of disputed islands](/economy/worldeconomy/images/shinzo_and_shinzo_sm_domain-b.jpg)
Russia, Japan agree on joint development of disputed islands
16 Dec 2016
Russia and Japan have finally hammered out an agreement to jointly develop the four disputed islands in Northern Pacific that are claimed by both
![Putin directly involved in US Democratic ‘Hackgate’: reports Putin directly involved in US Democratic ‘Hackgate’: reports](/economy/worldeconomy/images/white_house_15dec_sm_domain-b.jpg)
Putin directly involved in US Democratic ‘Hackgate’: reports
15 Dec 2016
US intelligence officials say they believe Russian President Vladimir Putin was directly involved in efforts to disrupt this year’s US presidential election, NBC News reported
![US Fed hikes rates to 0.50-75%, signals further tightening US Fed hikes rates to 0.50-75%, signals further tightening](/economy/worldeconomy/images/janet_yellen_sm_domain-b.jpg)
US Fed hikes rates to 0.50-75%, signals further tightening
15 Dec 2016
The Fed anticipates three more rate hikes in 2017, to be followed by another three through 2018 and 2019 before the rate levels off at a long-run 'normal' 3.0 per cent
Trump should divest himself of his business to avoid conflict of interest: US ethics office
14 Dec 2016
Venezuela scraps largest-denomination banknote
13 Dec 2016
![Exxon chief Rex Tillerson to be Trump’s secretary of state Exxon chief Rex Tillerson to be Trump’s secretary of state](/people/in_the_news/images/rex_tillerson_sm_domain-b.jpg)
Exxon chief Rex Tillerson to be Trump’s secretary of state
13 Dec 2016
The selection of Exxon CEO Tillerson as America’s top diplomat has raised Republican hackles due to his close ties with Russian President Vladimir Putin, and a messy confirmation battle in the Senate may be in the offing
![Trump questions America’s ‘one China’ policy, irks Beijing Trump questions America’s ‘one China’ policy, irks Beijing](/economy/worldeconomy/images/donald_trump_sm_domain-b.jpg)
Trump questions America’s ‘one China’ policy, irks Beijing
13 Dec 2016
US President-elect Donald Trump said on Sunday the United States did not necessarily have to stick to its long-established position that Taiwan is part of ‘one China’, prompting a furious protest from the Asian giant
![Trump vows to end H1B visa woes of American workers Trump vows to end H1B visa woes of American workers](/economy/worldeconomy/images/donald_trump_dec_sm_domain-b.jpg)
Trump vows to end H1B visa woes of American workers
10 Dec 2016
Donald Trump won the US Presidential election riding a wave of anti-immigrant sentiment, especially against the influx of South Americans and Muslims, into the United States
![Mobile money access lifted 2% of Kenyan households out of poverty, finds new study Mobile money access lifted 2% of Kenyan households out of poverty, finds new study](/economy/worldeconomy/images/mobile_money_sm_domain-b.jpg)
Mobile money access lifted 2% of Kenyan households out of poverty, finds new study
09 Dec 2016
The expansion of mobile money, introduced in Kenya in 2007, now reaches 96 per cent of the country's households, helping to bring hundreds of thousands of Kenyans out of poverty, especially those in female-headed households
S Korean business tycoons face questions in parliament over donations for favours scandal
06 Dec 2016
![Italian PM Renzi quits, delays departure till budget Italian PM Renzi quits, delays departure till budget](/economy/worldeconomy/images/matteo_renzi_sm_domain-b.jpg)
Italian PM Renzi quits, delays departure till budget
06 Dec 2016
Although Matteo Renzi’s resignation was triggered by the rejection of his constitutional reforms, it is being seen in the wider backdrop of the rise of populist forces globally, and a possible Italian exit from the EU
![Battle over Brexit moves to top UK court amid rising passions Battle over Brexit moves to top UK court amid rising passions](/economy/worldeconomy/images/theresa-may_sm_domain-b.jpg)
Battle over Brexit moves to top UK court amid rising passions
06 Dec 2016
The British government launched a Supreme Court battle on Monday to decide whether the executive has the power to trigger the formal process of leaving the European Union, without seeking Parliamentary approval
Full text of Heart of Asia Summit declaration:
05 Dec 2016
![Heart of Asia Summit adopts declaration against terror and its backers Heart of Asia Summit adopts declaration against terror and its backers](/defence/general/images/modi_dec_sm_domain-b.jpg)
Heart of Asia Summit adopts declaration against terror and its backers
05 Dec 2016
Prime Minister Narendra Modi has called for action not just against forces of terrorism but also against those who support, shelter, train and finance them
![Humanity on brink as AI to decimate jobs: Stephen Hawking Humanity on brink as AI to decimate jobs: Stephen Hawking](/people/in_the_news/images/stephen_h_sm_domain-b.jpg)
Humanity on brink as AI to decimate jobs: Stephen Hawking
03 Dec 2016
The automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, warns Stephen Hawking
Featured articles
![](/Uploads/Images/thumb_733d509d-493c-41e9-b429-1260d912bb91-Aerogel-Crayon.jpg)
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!
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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.
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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.
![](/Uploads/Images/thumb_0f8359a3-2528-4faf-86c9-707fb7bccc01-Hdfc-logo.jpg)
The Rise and Rise of HDFC Bank
03 Jul 2023
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
![](/Uploads/Images/thumb_dc6b9dcc-e31e-4574-82e7-928e089406e0-Finger_millet.jpg)
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
![](/Uploads/Images/thumb_e37827da-fafd-4991-8635-60fade3df34c-ICM.jpg)
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
Business History Videos
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History of hovercraft Part 3...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_f5cfed27-cd8d-4644-9c6b-d1f3f64fb558-YouTube-thumbnail-Hovercraf.jpg)
History of hovercraft Part 2...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_1510a271-632f-46ba-846b-a761ccffe903-History-of-Hovercraft.jpg)
History of Hovercraft Part 1...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
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