World economy
Fifth Obamacare insurance co-op folds up
12 Oct 2015
G-20 endorses action plan to check corporate tax avoidance
10 Oct 2015
Conservative estimate by the OECD puts the amount of untaxed money moved by companies into tax havens at $100 billion to $240 billion annually, suggesting tens of billions of dollars in lost tax revenue
Nobel Peace Prize for Tunisia’s National Dialogue Quartet
09 Oct 2015
The Nobel Peace Prize for 2015 has been awarded to Tunisia's National Dialogue Quartet, “for its decisive contribution to the building of a pluralistic democracy in Tunisia,” the Norwegian Nobel Committee said
Clinton’s turnaround on Trans-Pacific trade stuns observers
09 Oct 2015
After having firmly backed Obama’s Trans-Pacific Partnership trade accord, presidential hopeful Hilary Clinton has done an about turn, saying she no longer supports the deal
IMF sees global growth rate moderating to 3.1% this year
08 Oct 2015
Disparate fortunes of advanced and emerging market and developing economies and lower commodity prices have combined to weigh on global growth prospects, says IMF’s World Economic Outlook
US trade deficit at a 5-month high of $48.3 bn in August
07 Oct 2015
US has amassed a trade deficit of $531.6 billion so far this year, a 4.6 per cent increase compared to last year’s deficit of $508.3 billion
Big US firms hold $2.1 trillion in tax havens: study
06 Oct 2015
The 500 largest US companies would collectively have to pay an estimated $620 billion in taxes if they brought back the funds stashed abroad
New Trans-Pacific trade deal could transform global economy
06 Oct 2015
The new Trans-Pacific Partnership between the US, Australia and Japan is expected to set common standards for 40 per cent of the world’s economy, and is seen as a challenge to China’s growing dominance in the Pacific region
Bernanke wanted worst Wall Street executives jailed
05 Oct 2015
Former Fed chief Ben Bernanke says the US Department of Justice should have vigorously investigated individuals for wrong-doings rather that focusing on their firms alone
World Bank sees global poverty rate below 10% in 2015
05 Oct 2015
The number of people living in extreme poverty around the world is likely to fall to below 10 per cent of the global population, down from the earlier estimate of 20 per cent
UN needs reforms to address new challenges: India
03 Oct 2015
Imparting more legitimacy and balance to the Security Council would restore its credibility and equip it to confront the challenges of our times, external affairs minister Sushma Swaraj told the UN General Assembly
Mining, oil exploration threat to almost a third of natural World Heritage Sites: Study
03 Oct 2015
According to research from the World Wide Fund for Nature and asset managers Aviva Investors and Investec, 70 out of the 229 natural World Heritage Sites are at risk from extractive industries
UK manufacturing stagnates as job cuts begin
01 Oct 2015
India up 16 places in WEF global competitiveness ranking
30 Sep 2015
The World Economic Forum attributes the improvement to the pro-business, pro-growth, and anti-corruption stance of the new government that has improved the business community’s sentiment"
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