World economy
![Last woman standing: Theresa May to be UK’s next PM Last woman standing: Theresa May to be UK’s next PM](/people/in_the_news/images/home_Secretary_sm_domain-b.jpg)
Last woman standing: Theresa May to be UK’s next PM
12 Jul 2016
Theresa May is set to take over from David Cameron as prime minister after her only rival Adrea Leadsom pulled out, which means that all the key Brexit campaigners are now out of frontline politics
![Abe, allies win thumping majority in Japan upper house Abe, allies win thumping majority in Japan upper house](/economy/worldeconomy/images/shinzo_abe_sm_domain-b.jpg)
Abe, allies win thumping majority in Japan upper house
11 Jul 2016
Abe’s coalition won a two-thirds ‘super majority’ in Japan’s upper house, which is seen as an endorsement of his economic policies or ‘Abenomics’ and to a lesser extent of his plans to revise the constitution
![Dallas shootout ends after sniper kills 5 cops, hurts 7 Dallas shootout ends after sniper kills 5 cops, hurts 7](/economy/worldeconomy/images/dallas_shootout_sm_domain-b.jpg)
Dallas shootout ends after sniper kills 5 cops, hurts 7
09 Jul 2016
In a coordinated attack amid protests over the shooting of an African-American man by police on Wednesday, gunmen opened fire on cops from rooftops, with the chief suspect killed by a after shooting several policemen
![Blair less than contrite after adverse report on Iraq war Blair less than contrite after adverse report on Iraq war](/people/in_the_news/images/tony_blair_sm_domain-b.jpg)
Blair less than contrite after adverse report on Iraq war
07 Jul 2016
Tony Blair, the former prime minister who led Britain into war in Iraq in 2003, launched a defence of his legacy following the publication of the highly critical Chilcot report into the war
![Top banks in West shed nearly $500 bn in market cap as NPAs loom Top banks in West shed nearly $500 bn in market cap as NPAs loom](/finance/banks/images/deutsche_bank_new_sm_domain-b.jpg)
Top banks in West shed nearly $500 bn in market cap as NPAs loom
07 Jul 2016
Plunging share prices this year have erased half a trillion dollars or a quarter of the combined market value of at least 20 of the world’s major banks over concerns that banks may not be able to absorb the shock of rising loan delinquencies
![UK political turmoil deepens as UKIP’s Farage quits UK political turmoil deepens as UKIP’s Farage quits](/economy/worldeconomy/images/nigel_farage_sm_domain-b.jpg)
UK political turmoil deepens as UKIP’s Farage quits
05 Jul 2016
Nigel Farage, leader of the UK Independence Party and a key Brexit campaigner, said he was stepping down even as Labour ousted its leader Jeremy Corbyn and the leadership of the Conservatives remained wide open
![Osborne to cut tax rates to keep business engaged as Brexit looms Osborne to cut tax rates to keep business engaged as Brexit looms](/economy/worldeconomy/images/osborne_sm_domain-b.jpg)
Osborne to cut tax rates to keep business engaged as Brexit looms
04 Jul 2016
Britain will lower the 20 per cent tax rate for businesses to 19 per cent in 2017 and to 17 per cent in 2020 before bringing it down to 15 per cent
![Bangladesh hostage crisis ends, at least 6 killed Bangladesh hostage crisis ends, at least 6 killed](/economy/worldeconomy/images/bangladesh_shoot_sm_domain-b.jpg)
Bangladesh hostage crisis ends, at least 6 killed
02 Jul 2016
Bangladeshi forces stormed an upscale Dhaka restaurant where heavily-armed terrorists held dozens of people hostage, killing at least six attackers and rescuing 13 captives
![Oil struggles to maintain $50 mark as fears of output dip fade Oil struggles to maintain $50 mark as fears of output dip fade](/industry/oil_gas/images/oil_tanker_sm_domain-b.jpg)
Oil struggles to maintain $50 mark as fears of output dip fade
30 Jun 2016
Oil prices fell today, with Brent struggling to hold $50 per barrel as fears over outages due to a strike in Norway faded and as Nigeria's production improved, even as the economic outlook deteriorated
![Crowds protest Brexit outside UK Parliament Crowds protest Brexit outside UK Parliament](/economy/worldeconomy/images/brexit_outside_sm_domain-b.jpg)
Crowds protest Brexit outside UK Parliament
29 Jun 2016
The protest comes as a petition calling for a second referendum in the event of a vote of less than 60 per cent out of a minimum turnout of 75 per cent, neared nearly 4 million votes
Normal ties with India not likely soon: Pakistan
29 Jun 2016
![Despite Brexit, EU not to jettison English language just yet Despite Brexit, EU not to jettison English language just yet](/economy/worldeconomy/images/oxford_dictionary_sm_domain-b.jpg)
Despite Brexit, EU not to jettison English language just yet
29 Jun 2016
The British can rest easy; although there is considerable clamour for the European Union to drop English as its official working language in the wake of Brexit, this will not happen any time soon
Featured articles
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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.
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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
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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
![](https://businesshistory.domain-b.com/Uploads/Videos/Images/thumb_b54c323b-99c2-47ed-9df1-06452504c83a-YouTube-thumbnail-Indian-tr.jpg)