World economy

OECD raises global growth forecast; India to be fastest-growing major economy

OECD raises global growth forecast; India to be fastest-growing major economy

19 Mar 2015

In its latest interim economic assessment released yesterday, the Organization for Economic Cooperation and Development said that India is expected to be the fastest-growing major economy over the coming two years

California will run out of water in a year, warns NASA expert

California will run out of water in a year, warns NASA expert

18 Mar 2015

As California experiences the fourth year of one of the most severe droughts in recorded history, a senior NASA scientist has warned that the American state has only about one year of water left

Major US allies set to join new China-led global lender

Major US allies set to join new China-led global lender

17 Mar 2015

Major European allies of the United States, including France, Germany and Italy, have agreed to join the China-led Asian Infrastructure Investment Bank (AIIB)

International outrage as Maldives court nixes Nasheed plea

16 Mar 2015

China overtakes Germany as world’s third-largest arms exporter: study

16 Mar 2015

Women's economic status report reveals earnings decline

16 Mar 2015

India offers Sri Lanka $1.5-bn currency swap facility

India offers Sri Lanka $1.5-bn currency swap facility

14 Mar 2015

India and Sri Lanka have agreed to wide-ranging cooperation, including currency stabilisation, infrastructure, energy security, tourism and deeper cooperation in the “ocean economy”

India unhappy at sentencing of Maldives ex-President Nasheed

India unhappy at sentencing of Maldives ex-President Nasheed

14 Mar 2015

In a court hearing late on Friday night, Nasheed, the country's first democratically elected leader, was charged under the Anti-Terrorism Act of 1990

Lanka ex-PM Rajapaksa blames India’s RAW for defeat

13 Mar 2015

UK wants to join China-backed Asian Infrastructure Investment Bank

13 Mar 2015

China’s Jan-Feb property sales lowest in three years

11 Mar 2015

Hand over Mumbai terror culprits, US leader tells Pak

11 Mar 2015

China’s Feb data add to deflation worries

10 Mar 2015

ECB’s monetary expansion sinks euro below $1.08; rupee wilts

ECB’s monetary expansion sinks euro below $1.08; rupee wilts

10 Mar 2015

While most major banks expected the US dollar to gain parity with the euro by next year or the latest by 2017, the launch of eurozone quantitative easing seems to have quickened the pace

Argentina wants HSBC to return $3.5 bn ‘black’ money

Argentina wants HSBC to return $3.5 bn ‘black’ money

10 Mar 2015

If HSBC clients were forced this year to pay taxes they evaded, the windfall would come at an opportune moment for Argentina's cash-strapped government

China blasts Dalai Lama for ending Tibet’s spiritual rule

10 Mar 2015

Global food prices at 5-year low even as Indians see inflation

Global food prices at 5-year low even as Indians see inflation

10 Mar 2015

Global food prices fell to a near five-year low in February this year on increased supply of key food items and a strong US dollar, according to the UN Food and Agriculture Organisation

Leipzig varsity bars Indian from internship over rape issue

Leipzig varsity bars Indian from internship over rape issue

10 Mar 2015

Indian men have earned a bad rap abroad - a professor from the respected Leipzig University in Germany last week denied internship to an Indian student due to the "rape problem in India"

China all set to roll out platform for cross-border yuan transactions: report

09 Mar 2015

Saudi Arabia overtakes India as world’s top defence importer

Saudi Arabia overtakes India as world’s top defence importer

09 Mar 2015

Saudi Arabia emerged the world's top importer of defence equipment in 2014, displacing India from the top slot

Juncker calls for EU army to counter Russia

Juncker calls for EU army to counter Russia

09 Mar 2015

European Commission president Jean-Claude Juncker believes that the creation of a European army will offset the EU’s foreign policy worries in its tussle with the Russian Federation

Eurozone not viable, but UK outside the EU will be even less viable

09 Mar 2015

Oil prices drop again amid increasing US stockpile

09 Mar 2015

Indians fishing in Lanka waters can be shot: Wickramas

Indians fishing in Lanka waters can be shot: Wickramas

07 Mar 2015

Sri Lankan PM Ranil Wickremasinghe's statement comes just ahead of Prime Minister Narendra Modi's visit to Colombo

CIA plans major overhaul, creation of computer hacking wing

CIA plans major overhaul, creation of computer hacking wing

07 Mar 2015

CIA plans to create a new directorate that will be responsible for accelerating the integration of its digital and cyber capabilities, and delegate more powers to regional centres

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