World economy
India seeks unity of Global South to grow past a ‘frozen’ United Nations
16 Jan 2023
As many as 125 countries, which included 29 countries from Latin America and Caribbean, 47 countries from Africa, seven from Europe, 31 from Asia and 11 from Oceania, participated in the summit, while China and Pakistan were absent
Rising debt could undermine South Asia’s growth: RBI governor
10 Jan 2023
Multiple external shocks in the form of Covid related global supply chain disruptions, food and energy crisis following the war in Ukraine, and financial market volatility arising from the aggressive monetary policy tightening have exerted sustained price pressures in the South Asian economies, RBI governor Shaktikanta Das told a meeting of the International Monetary Fund
Rishi Sunak becomes UK’s first Indian origin Prime Minister
25 Oct 2022
Sunak must ensure that his team is focused on overcoming a tumultuous economic crisis even as his government fixes the mistakes made by his predecessors
Britain’s Queen Elizabeth dies at 96
14 Sep 2022
Her eldest son Charles, 73, automatically becomes king of the United Kingdom and the head of state of 14 other nations, including Australia, Canada and New Zealand
US economy contracted in second quarter by 0.6%
31 Aug 2022
China launches a second module to its space station
25 Jul 2022
China will launch a third module, named Mengtian, in October this year, completing the T-shaped space station
Facing the Heat of Climate Change
21 Jul 2022
Temperatures will cease rising only if humans stop adding greenhouse gases to the atmosphere, and any failure to tackle climate change would see heat extremes escalate even more dangerously, say experts
Sri Lanka declares bankruptcy as country plunges into chaos
11 Jul 2022
Sri Lanka is currently in negotiations with the International Monetary Fund (IMF) to save the economy, but the IMF said more work was required to repair Sri Lanka’s runaway fiscal deficit before any agreement is worked out
Boris Johnson resigns as British prime minister
08 Jul 2022
At least 32 British lawmakers, including Treasury chief Rishi Sunak and Health Secretary Sajid Javid, left Johnson’s government in less than 24 hours, saying the Tory leader no longer has their confidence
Chernogolovka gains as Coca-Cola, Pepsi suspend Russian operations
01 Jul 2022
Chernogolovka, an aerated drinks company named after a town outside Moscow where it was founded in 1998, is reported to have more than doubled its presence in hotels, restaurants and cafes so far this year
World Bank fears a possible rerun of the 1970s ‘stagflation’
09 Jun 2022
Stagflation is a situation when high prices – mostly of oil and food - cause high inflation worldwide even as economies dependent on imports face recession
Quad plans over $50 bn infastructure investment in Asia-Pacific
25 May 2022
The Quad leaders said they will champion adherence to international law, as reflected in the UN Convention on the Law of the Sea (UNCLOS), and the maintenance of freedom of navigation and overflight, to meet challenges to the maritime rules-based order, including in the East and South China Seas
Sri Lanka govt plans to sell airline; prints money to pay salaries
23 May 2022
The nation has only one day’s stock of gasoline and the government is working to obtain dollars in the open market to pay for three ships with crude oil and furnace oil that have been anchored in Sri Lankan waters, the newly appointed Prime Minister Ranil Wickremesinghe said
Featured articles
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
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