World economy
Queen sign Brexit Bill into law, clears way for 31 January exit from EU
24 Jan 2020
The Brexit deal protects the rights of EU citizens, makes special trading arrangements for the British province of Northern Ireland, and settles the UK's EU debts, but leaves UK-EU ties largely the same while both sides try to agree a new trading and security partnership
China seals off Wuhan in stepped-up battle against Coronavirus
23 Jan 2020
State television reported 571 confirmed infections, most of them in Wuhan and the surrounding province of Hubei, while cases have appeared elsewhere in China and countries, including Thailand, South Korea and the United States
Russian PM Dmitry Medvedev, govt resign under new Putin plan
16 Jan 2020
Media speculates that with the changes in the constitution and loyalists in key positions, President Putin is planning a comeback as Prime Minister, with more powers after the 2024 elections, circumventing or scrapping rule entirely as his fourth term in office ends
US, China sign Phase 1 trade deal
16 Jan 2020
The partial trade deal, under which China will purchase American goods and services worth at least $200 billion and frees Chinese-made cellphones, toys and laptop computers from new tariffs while halving the tariff rate to 7.5 per cent on about $120 billion worth of other goods, however, leaves the larger part of the deal to a “re-elected” President Trump
Britain set to exit EU on 31 Jan as lawmakers approve Brexit deal
10 Jan 2020
Brexit won’t end Johnson’s problems, rather it would only help start fresh negotiations on Britain’s future relationship with the EU, which may extend well beyond the year or leave Britain with a no-deal exit
British PM Boris Johnson wins parliament vote for Brexit deal
26 Dec 2019
Once the bill is passed into law, the prime minister will have to face talks to secure a trade deal with the bloc and ensure that the talks conclude by the end of next year - another target date
US President Trump impeached for abuse of power, obstructing Congress
19 Dec 2019
While the initiation of impeachment procedure is one of the most shameful episodes for an elected president, House Republicans are sure that the President did absolutely nothing wrong and that he will come out of the “entire sham impeachment” unscathed
US, China announce partial trade deal
16 Dec 2019
US will halve its 15 per cent tariff on nearly $120 billion in Chinese goods in return for China importing at least $200 billion worth of additional US goods and services over the next two years
PM Johnson’s Conservative party sweeps UK snap polls
13 Dec 2019
By 6:30am (06:30 GMT) today, with results in five seats still to be declared, the Conservatives have already secured 361 of the 650 seats in the House of Commons
China to phase out foreign computers, software in 3 years
10 Dec 2019
This is the first reaction from Beijing limiting China’s use of foreign technology and increasing its reliance on domestic technology after the US ban on Huawei
Finland gets its youngest-ever prime minister, Sanna Marin, 34
09 Dec 2019
The new ministry will formally take charge later tomorrow after President Sauli Niinisto appoints the new government on Tuesday
US threatens 100% tariffs on French Champagne over digital tax
03 Dec 2019
France’s 3 per cent levy on revenue from digital services earned by firms with more than 25 million euros ($27.86 million) in French revenue and 750 million euros worldwide, was imposed after months of negotiations, but President Trump has not officially approved it
Russia opens natural gas pipeline to China
03 Dec 2019
Hit by Western financial sanctions over its 2014 annexation of Ukraine’s Crimea, Russia, one of the largest exporters of natural gas, is shifting market focus to the East
Myanmar’s democracy icon Suu Kyi now fights genocide trial
03 Dec 2019
Despite the accusations by vested interests overseas, Suu Kyi still enjoys overwhelming support at home, where her image is undented by accusations of complicity in atrocities
US govt agency lures Indian students to fake university, arrests them
29 Nov 2019
The US federal agency has confirmed that it used the trap to arrest about 250 students between January and July this year, even as federal prosecutors put the onus on students saying they should have known the university was not legitimate
Gotabaya Rajapaksa elected Sri Lankan President
18 Nov 2019
Gotabaya, a pro-China leader with close links to the US, has promised that he will not entertain a family rule, which means that he will not appoint his brother Mahinda Rajapaksa or other family members as the next prime minister
Bolivia gets new president as Evo Morales takes asylum in Mexico
13 Nov 2019
Morales, a leftist and Bolivia's first indigenous president, defended his fraud-stained re-election to a fourth term citing is record of bettering living conditions for poor and indigenous Bolivians
US seeks to build an Asia-Pacific rival to RCEP
08 Nov 2019
Two-way trade between the United States and the Indo-Pacific region hit a record $2 trillion, the highest for any region, while cumulative foreign direct investment between the US and the Indo-Pacific stood at $1.6 trillion in 2018, US commerce secretary Wilbur L Ross said
China, US agree on phased tariff cuts in interim trade deal
08 Nov 2019
Under the interim trade deal the US is expected to scrap tariffs scheduled on about $156 billion worth of Chinese imports, including cell phones, laptop computers and toys, while China would buy up to $50 billion of American farm goods
US Fed cuts rates further to 1.5-1.75% to support expansion
31 Oct 2019
FOMC said the move is consistent with its statutory mandate to foster maximum employment and price stability, but signalled its rate-cut cycle might take a pause
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