World economy
China reports $63 billion trade surplus in July
10 Aug 2020
Bytedance’s lip-syncing app TikTok claims $50 bn-plus valuation
03 Aug 2020
Recent reports suggest that TikTok’s current valuation has, in fact, fallen to around 50 billion against its earlier valuation of over $100 billion
UAE starts up operations at its first nuclear power plant
03 Aug 2020
When completed, the $20 billion Barakah Nuclear Energy Plant’s four APR1400 reactors, being built by Korea Electric Power Corporation, will generate 5,600 megawatts of power, supplying up to 25 per cent of the UAE’s electricity needs
Trump threatens to 'cut off' all ties with China
15 May 2020
US Fed cuts rate to 0-0.25% in coronavirus fight
16 Mar 2020
Along with the Federal Reserve, the European Central Bank, Bank of Japan, Bank of England and Australia’s central bank announced rate cuts to pump in extra liquidity while five other central banks, including Reserve Bank of India, opened swap lines to make it easier to provide dollars to their financial institutions, to calm markets
BoE cuts rate to 0.25%, launches SME fund to offset COVID-19 effects
12 Mar 2020
BoE said the reduction in Bank Rate is aimed at boosting business and consumer confidence at a difficult time, to bolster cash flows of businesses and households, and to overcome disruptions caused by the impact of COVID-19
And now, UK health minister Nadine Dorries tests positive for COVID-19
11 Mar 2020
Dorries had attended meetings at Westminster and in her constituency, besides a reception hosted by Prime Minister Boris Johnson at Downing Street last Thursday
US Fed cuts rates by 50 bps to 1-1.25% in coronavirus fight
04 Mar 2020
Fed will reinvest principal payments from agency debt and agency mortgage-backed securities of up to $20 billion per month in treasury securities and those in excess of $20 billion per month in agency mortgage-backed securities
Rishi Sunak replaces Sajid Javid as UK finance minister
14 Feb 2020
The 39-year-old Rishi Sunak, son-in-lay of Infosys founder Narayana Murthi, is set to move into No 11 Downing Street, next door to the Prime Minister’s Office as he takes charge of the second most important government position as the finance minister
The American Dream is back for all, says President Trump
05 Feb 2020
The American Dream is back” and is “stronger than ever before – for all of US citizens, including African-Americans, Hispanic-Americans, and Asian-Americans, Trump said in his State of the Union address
China warns of faster spread of Coronavirus as toll climbs to 80
27 Jan 2020
Outside China, Canada reported its first case on Saturday while six cases were reported in Hong Kong; five each in Thailand and Macao; four in Australia; three each in South Korea, Taiwan, Singapore, Malaysia, Nepal and France; and two each in Japan, the US and Vietnam
WEF: Investor Soros flays Trump, Modi and Xi for nationalist fervor
24 Jan 2020
Speaking at the World Economic Forum in Davos, Soros said the rise of nationalism across the globe was the great enemy of open society and he blamed leaders like US President Donald Trump, China's Xi Jinping and India’s Narendra Modi for narrowing options for businesses
Latest articles
Featured articles
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.
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
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
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