World economy
Proposed highway could link the UK to the US by road
28 Mar 2015
The proposal to build a highway from Britain to Alaska is mainly envisaged by Russia, which hopes the route will lead to economic development of the regions it covers
Fed chief Yellen sees likely rate hike starting this year
28 Mar 2015
The Fed, which has held short-term borrowing costs near zero since December 2008, is likely to increase borrowing costs for the first time since 2006
EU to launch probe into e-commerce to remove competition barriers
27 Mar 2015
At a press conference in Berlin, the European Commission commissioner seemed to point finger at the likes of e-commerce giants Amazon, Netflix and others that may limit deals or content depending on where the consumer is located
Gulf allies launch air strikes in Yemen; US stays aloof
26 Mar 2015
Saudi Arabia and its Gulf region allies from the GCC launched military operations including air strikes in Yemen, and threatened ground troops against rebels in that country
Canada to build world’s largest ozonation waste-water treatment centre
25 Mar 2015
Canada’s second-biggest city Montreal is going ahead with its plan to construct the world’s largest ozonation waste water treatment centre
Israel must end Palestine occupation, says top Obama aide
24 Mar 2015
The United States expects the next Israeli government to end nearly 50 years of occupation and clear the way for a Palestinian state
Jordan to sign $10-bn nuclear deal with Russia
24 Mar 2015
Jordan has become the third Arab nation planning to use nuclear energy for peaceful purposes followed by the UAE and Egypt
World Bank, IMF welcome China’s AIIB plan
23 Mar 2015
Allaying fears that the new bank will be a competitor to the World Bank, the IMF or existing regional development banks, World Bank managing director Mulyani Indrawati says that the global need of infrastructure is huge and the market is large enough
World Bank, IMF welcome China’s AIIB plan
23 Mar 2015
Allaying fears that the new bank will be a competitor to the World Bank, the IMF or existing regional development banks, World Bank managing director Mulyani Indrawati says that the global need of infrastructure is huge and the market is large enough
The world may face 40 % water shortfall by 2030: UN report
21 Mar 2015
The United Nations (UN) has warned that the world will suffer a 40-per cent shortfall of potable water in 15 years unless people and nations dramatically change the way they use water
Beijing paper blasts Modi govt’s ‘regional ambitions’
21 Mar 2015
India is determined to gain a dominant position in the Indian Ocean region by enhancing military and security cooperation in the area, a leading English daily in Beijing said today following Prime Minister Narendra Modi's visit to Seychelles, Mauritius and Sri Lanka
California prepares $1-bn package for drought relief
19 Mar 2015
With the US state facing one of its worst droughts and no relief in sight from the weather, the government is resorting to water rationing while finalising a relief plan
Fed delays rate hike amidst an economic downturn
19 Mar 2015
While slashing its inflation outlook for 2015 and reducing expected U economic growth, the Fed indicated it prefers a more gradual path to normalizing interest rates
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
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
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)