World economy

Apple removes thousands of game apps from China store: report

03 Aug 2020

Samsung to shut its last computer factory in China

03 Aug 2020

UAE starts up operations at its first nuclear power plant

UAE starts up operations at its first nuclear power plant

03 Aug 2020

When completed, the $20 billion Barakah Nuclear Energy Plant’s four APR1400 reactors, being built by Korea Electric Power Corporation, will generate 5,600 megawatts of power, supplying up to 25 per cent of the UAE’s electricity needs

US Federal Reserve keeps policy rates unchanged as pandemic hits economy

30 Jul 2020

Malaysia's former PM Najib Razak gets 12-year jail in 1MDB case

29 Jul 2020

US adds another 33 Chinese entities to the `banned’ list

23 May 2020

Saudi wealth fund in an investment spree as oil revenue shrinks

17 May 2020

Trump threatens to 'cut off' all ties with China

15 May 2020

China’s factories restart as global coronavirus deaths cross 300,000

15 May 2020

US Fed cuts rate to 0-0.25% in coronavirus fight

US Fed cuts rate to 0-0.25% in coronavirus fight

16 Mar 2020

Along with the Federal Reserve, the European Central Bank, Bank of Japan, Bank of England and Australia’s central bank announced rate cuts to pump in extra liquidity while five other central banks, including Reserve Bank of India, opened swap lines to make it easier to provide dollars to their financial institutions, to calm markets

Canadian PM Trudeau in isolation as wife tests COVID-19 positive

13 Mar 2020

Russian Duma passes law that lets Putin run again for president

12 Mar 2020

UK pledges $39 billion to cover economic cost of coronavirus

12 Mar 2020

BoE cuts rate to 0.25%, launches SME fund to offset COVID-19 effects

BoE cuts rate to 0.25%, launches SME fund to offset COVID-19 effects

12 Mar 2020

BoE said the reduction in Bank Rate is aimed at boosting business and consumer confidence at a difficult time, to bolster cash flows of businesses and households, and to overcome disruptions caused by the impact of COVID-19

And now, UK health minister Nadine Dorries tests positive for COVID-19

And now, UK health minister Nadine Dorries tests positive for COVID-19

11 Mar 2020

Dorries had attended meetings at Westminster and in her constituency, besides a reception hosted by Prime Minister Boris Johnson at Downing Street last Thursday

US Fed cuts rates by 50 bps to 1-1.25% in coronavirus fight

US Fed cuts rates by 50 bps to 1-1.25% in coronavirus fight

04 Mar 2020

Fed will reinvest principal payments from agency debt and agency mortgage-backed securities of up to $20 billion per month in treasury securities and those in excess of $20 billion per month in agency mortgage-backed securities

Malaysian PM Mahathir Mohamad in shock resignation

25 Feb 2020

Rishi Sunak replaces Sajid Javid as UK finance minister

Rishi Sunak replaces Sajid Javid as UK finance minister

14 Feb 2020

The 39-year-old Rishi Sunak, son-in-lay of Infosys founder Narayana Murthi, is set to move into No 11 Downing Street, next door to the Prime Minister’s Office as he takes charge of the second most important government position as the finance minister

The American Dream is back for all, says President Trump

The American Dream is back for all, says President Trump

05 Feb 2020

The American Dream is back” and is “stronger than ever before – for all of US citizens, including African-Americans, Hispanic-Americans, and Asian-Americans, Trump said in his State of the Union address

US Supreme Court approves linking use of public benefits to green card

28 Jan 2020

China warns of faster spread of Coronavirus as toll climbs to 80

China warns of faster spread of Coronavirus as toll climbs to 80

27 Jan 2020

Outside China, Canada reported its first case on Saturday while six cases were reported in Hong Kong; five each in Thailand and Macao; four in Australia; three each in South Korea, Taiwan, Singapore, Malaysia, Nepal and France; and two each in Japan, the US and Vietnam

WEF: Investor Soros flays Trump, Modi and Xi for nationalist fervor

WEF: Investor Soros flays Trump, Modi and Xi for nationalist fervor

24 Jan 2020

Speaking at the World Economic Forum in Davos, Soros said the rise of nationalism across the globe was the great enemy of open society and he blamed leaders like US President Donald Trump, China's Xi Jinping and India’s Narendra Modi for narrowing options for businesses

Queen sign Brexit Bill into law, clears way for 31 January exit from EU

Queen sign Brexit Bill into law, clears way for 31 January exit from EU

24 Jan 2020

The Brexit deal protects the rights of EU citizens, makes special trading arrangements for the British province of Northern Ireland, and settles the UK's EU debts, but leaves UK-EU ties largely the same while both sides try to agree a new trading and security partnership

China seals off Wuhan in stepped-up battle against Coronavirus

China seals off Wuhan in stepped-up battle against Coronavirus

23 Jan 2020

State television reported 571 confirmed infections, most of them in Wuhan and the surrounding province of Hubei, while cases have appeared elsewhere in China and countries, including Thailand, South Korea and the United States

Russian PM Dmitry Medvedev, govt resign under new Putin plan

Russian PM Dmitry Medvedev, govt resign under new Putin plan

16 Jan 2020

Media speculates that with the changes in the constitution and loyalists in key positions, President Putin is planning a comeback as Prime Minister, with more powers after the 2024 elections, circumventing or scrapping rule entirely as his fourth term in office ends

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