World economy
Sirisena sworn-in as Sri Lanka's new President
09 Jan 2015
Maithripala Sirisena, who scored an unexpected victory over incumbent President Mahinda Rajpaksa, was on Friday sworn-in as the sixth president of Sri Lanka
Lanka President Rajapaksa loses to Sirisena after decade in power
09 Jan 2015
Sri Lanka's president Mahinda Rajapaksa today conceded defeat to rival Maithripala Sirisena in the country's election, bringing an end to a decade of leadership increasingly criticized as corrupt and nepotistic
Euro zone under deflation threat as prices fall
08 Jan 2015
US oil futures drop to new lows amid fears of supply glut
05 Jan 2015
In what could be further good news for India's economy, US crude and Brent futures dropped to five-and-a-half-year lows today amidst worries about excess global supply and weak demand
Venezuela in recession as oil prices plunge
01 Jan 2015
Oil revenues account for more than 50 per cent of GDP and over 90 per cent of total exports of Venezuela, which is the fifth largest member of oil the Organisation of Petroleum Exporting Countries
Japan announces tax cuts to bolster public spending
31 Dec 2014
The tax reforms envisage slashing corporate tax by 3.29 per cent to 31.33 per cent over the next two fiscal years and exempting gifts of up to ¥10 million from parents or grandparents to their offspring from taxation, to boost spending
2014: Ebola renders waste most of Sierra Leone and Liberia
31 Dec 2014
In fact, Ebola’s nasty reputation as a contagious disease that can make people bleed from their eyeballs has dented tourism across the entire African continent
NATO ends Afghan war, lowers flag in low-key ceremony
29 Dec 2014
General John Campbell, the American commander who led NATO's International Security Assistance Force, lowered the green and white mission flag, replacing it with one of a training and support mission known as Resolute Support
Drop in oil prices should spur growth in euro zone: German central bank chief
29 Dec 2014
The 45 per cent drop in oil prices in the last six months is estimated to be equivalent to a $1.1 trillion stimulus for the global economy
Japan’s Abe pushes $29 bn fresh stimulus to spur growth
27 Dec 2014
The government expects the stimulus plan to boost Japan’s GDP by 0.7 per cent, but does not explain how that growth would be achieved
North Korea blames US for internet outages
27 Dec 2014
North Korea’s National Defence Commission accused US President Barack Obama of going reckless like a monkey in a tropical forest by inciting the release of ‘The Interview’, a comedy featuring a fictional plot to kill its leader
Russia names NATO as key risk in new military doctrine
26 Dec 2014
Document posted on the Kremlin website names NATO’s attempts to overthrow neighboring governments and the buildup close to the country’s borders as a major threat