World economy

S Korea schhols closed on MERS fears as five new cases reported

05 Jun 2015

Hackers breach data of millions of US government employees

Hackers breach data of millions of US government employees

05 Jun 2015

US law enforcement officials say a "foreign entity or government" was believed to be behind the cyber attack, with a possible Chinese connection being probed

Policy shifts make India’s trade regime less predictable, raise costs: WTO

03 Jun 2015

S Korea reports two MERS deaths

02 Jun 2015

Petrobras raises $2.5 bn in 100-year debt

02 Jun 2015

US drops Cuba from list of state sponsors of terrorism

US drops Cuba from list of state sponsors of terrorism

30 May 2015

Cuba was formally dropped by the US from a list of state sponsors of terrorism yesterday, in a major step toward restoration of full diplomatic ties

IRS official paid $2.1 bn for nearly 800,000 phony returns in 2012

29 May 2015

California bottlers face protests as state battles drought

27 May 2015

California turns to Australia for strategies to counter record drought

California turns to Australia for strategies to counter record drought

27 May 2015

Facing the longest and sharpest drought on record, Californian authorities are increasingly looking for solutions from Australia, the world's driest inhabited continent

Africa’s GDP to grow at 4.5% in 2015: AfDB report

26 May 2015

Switzerland starts naming black money holders, two Indians in the list

Switzerland starts naming black money holders, two Indians in the list

26 May 2015

The Swiss Federal Tax Administration is reported to have published the names of several foreign nationals with Swiss bank accounts, including two Indian women

Israeli ex PM Olmert sentenced to eight month for graft

Israeli ex PM Olmert sentenced to eight month for graft

25 May 2015

The new sentence comes on top of six years in prison Olmert is already facing for taking bribes related to a controversial Jerusalem housing project while he was mayor

China offers $318 bn of projects to private investors to drive growth

China offers $318 bn of projects to private investors to drive growth

25 May 2015

China is looking at the PPP model because of a widening funding gap amidst changes in borrowing procedures that could worsen its economic slowdown after years of double-digit growth

Global protest over Monsanto’s GM crops, pesticides

Global protest over Monsanto’s GM crops, pesticides

25 May 2015

US biotech giant Monsanto is at the receiving end for its prime products, the co-called Roundup crops and neonicotinoid pesticides that have now turned up to be carcinogenic

Greece set for June default if talks fail

Greece set for June default if talks fail

25 May 2015

For Greece, which is deprived of the bond market now, a deal with the international creditors in the next few days is crucial to avoid a bankruptcy

Islamic state militants claim responsibility for bombing at mosque in Saudi Arabia

23 May 2015

ISIS wants to use Pak N-bomb on US

ISIS wants to use Pak N-bomb on US

23 May 2015

With billions of dollars in extorted money in its coffers and support from divergent Islamic militant groups, ISIS hopes to secure its first nuclear weapon from Pakistan within the next 12 months

Obama signs bill to give Congress powers over Iran nuclear deal

Obama signs bill to give Congress powers over Iran nuclear deal

23 May 2015

Under the bill Obama, would be barred from waiving congressional sanctions for at least 30 days, as lawmakers examined any final deal

US - China dispute over South China Sea escalates

US - China dispute over South China Sea escalates

23 May 2015

The continued US surveillance flights in the areas are aimed at challenging the Chinese government’s claims of expanded territorial sovereignty

Imphal, Srinagar among 64 `extreme terror-risk’ cities in the world

22 May 2015

Pakistan denies nuclear deal with S Arabia

Pakistan denies nuclear deal with S Arabia

22 May 2015

Pakistan’s Foreign Office yesterday vehemently denied a report claiming that Saudi Arabia had decided to buy nuclear weapons from Pakistan

Japan to fire up ADB to counter China-led AIIB

Japan to fire up ADB to counter China-led AIIB

22 May 2015

According to analysts, the rival efforts by the two countries will be a boon for Asian nations, which face huge infrastructure shortfalls

Chinese factory activity slows for third month in May

21 May 2015

Airbus UK chief warns of withdrawing if UK exits EU

Airbus UK chief warns of withdrawing if UK exits EU

21 May 2015

Paul Kahn, the president of Airbus Group UK has warned that the company could reconsider its investment in the country in the event of the UK leaving the EU

India to drive South Asian economic growth in FY16: UN

India to drive South Asian economic growth in FY16: UN

20 May 2015

India's economic growth is projected to surpass that of China's, with a 7.7 per cent expansion of GDP in 2016, while China’s economic growth is projected to decline to 6.8 per cent in 2016 from 7 per cent in 2015

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