World economy
Beijing blasts US report on China Sea operations
16 May 2016
US says India ready to be in Nuclear Suppliers Group, China objects
14 May 2016
China is harping on an earlier, but now irrelevant, demand that members of the group should have signed the Nuclear Non-proliferation Treaty (NPT)
G7 to tackle global steel glut at Japan summit
14 May 2016
Oil glut to continue this year, may ease next year: OPEC
14 May 2016
Lower non-OPEC output has been made up by increased output from OPEC countries, including Iran, but falling non-OPEC production should lead to a stronger market next year
Eurozone growth estimate revised down to 0.5%
13 May 2016
Study finds the middle class disappearing in major US cities
12 May 2016
The American middle class has been shrinking due to rising income inequality driven by factors including globalisation, outsourcing of jobs and advances in technology
Rajan calls for rethink on developed world’s monetary expansionism
12 May 2016
RBI governor Raghuram Rajan has called on his counterparts in the developed world to own up responsibility for shaking up the global financial system through their expansionary monetary policies
Panama Papers reveal 2,000 Indian links so far
11 May 2016
German ‘jihadist’ kills 1 in knife attack
10 May 2016
EU central to success of Scotch: SWA chief
09 May 2016
Greek MPs adopt tough new austerity measures to secure €86 bn EU bailout
09 May 2016
The reforms voted yesterday would cut Greece’s highest pension payouts, merge several pension funds, increase contributions and increase the tax burden of those with medium and high incomes
Export demand keeps German factory production buoyant
09 May 2016
While domestic orders fell and orders from euro zone countries edged up by 1.1 per cent, bookings from countries outside the currency bloc soared 6.2 per cent
Big names squirm as Panama Papers set to go public today
09 May 2016
The ICIJ, which has access to the so-called Panama Papers, will reveal names and information on 200,000 offshore entities set up by wealthy individuals around the world, even as implicated law firm Mossack Fonseca seeks to block the move
Person behind Panama Papers offers to aid law agencies
07 May 2016
‘John Doe’, the anonymous source behind the huge leak of documents known as the Panama Papers, has offered to aid law enforcement officials in tracking money laundering on condition that he is given immunity
Obama to crack down on international tax evasion in response to Panama Papers revelations
06 May 2016
Growth widened financial inequality in India, China, says IMF
04 May 2016
According to IMF, the rural-urban income gap in India has increased due mainly to higher rural inflation and educational attainment over the past two decades
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