World economy
IMF bails out Pakistan with $7.6 billion loan
17 Nov 2008
G-20's Washington summit: The old order changeth, yielding place to new
17 Nov 2008
In spite of widespread scepticism, the G-20's Washington Summit has evolved a far-reaching action plan that will now begin to reshape international financial institutions and reform worldwide regulatory and accounting rules.
G-20 summit: Plan to reform global financial system being readied
15 Nov 2008
British prime minister Gordon Brown and German chancellor Angela Merkel have let it be known that world leaders are making progress at an emergency economic summit in Washington.
Y V Reddy nominated to UN task force
15 Nov 2008
Y V Reddy, former governor of the Reserve Bank of India, has been nominated to the UN task force on global financial reforms.
G-20 summit: A walk in the woods
15 Nov 2008
Results are not expected to emerge at the G-20 summit, but as president Bush urged yesterday, the summit ought to at least identify "principles" as well as an action plan to implement them.
G-20 summit: High powered Indian representation at Washington
15 Nov 2008
India is fielding a high-powered presence at the G-20 summit, including its prime minister, Manmohan Singh.
Recession hits Italy
14 Nov 2008
Hong Kong joins the list of major economies in recession
14 Nov 2008
Hong Kong's economy fell into a recession with its gross domestic product falling 0.5 per cent from the previous quarter, following a negative 1.4 per cent growth in the second quarter.
China offers $500 million to Pakistan
14 Nov 2008
Japan offers $100 billion for IMF bailout fund
14 Nov 2008
Japan has offered to lend up to $100 billion to an International Monetary Fund bailout fund ahead of a G-20 meeting in Washington.
Brussels sprouts new rules for vegetables
14 Nov 2008
The European Union has finally decided do away with rules and regulations that proscribed import of some 26 fruits and vegetables that do no conform to certain shapes sizes and textures.
Bank of England governor says UK economy “very likely” in recession
13 Nov 2008
Mervyn King, governor, Bank of England, admitted yesterday it was “very likely” that the UK economy had entered a recession in the second half of this year."
Mafia seen tightening hold on Italy's economy
12 Nov 2008
No.2 American electronics retailer Circuit City files for bankruptcy
10 Nov 2008
The No. 2 electronics seller in the US, Circuit City Stores today filed for bankruptcy protection, becoming the latest victim of a worsening economic downturn.
China pumps $586 billion to bolster economy
10 Nov 2008
China is resorting to major fiscal measures to boost its slowing economy and halt the US-Europe-led recession at its doors.
Iceland to get $6 billion from IMF, Europe
10 Nov 2008
BRIC nations call for a new global financial order
10 Nov 2008
Brazil, Russia, India and China have called for a major revamp of the current global financial system and have sought a rightful place for themselves
Warren Buffett’s Berkshire reports 77-per cent drop in quarterly profit
08 Nov 2008
Warren Buffett’s flagship investment vehicle Berkshire Hathaway reported a whopping 77-per cent decrease in income due to the vagaries of a market meltdown.
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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