World economy
Trump leaves G7 meet in shambles, calls Trudeau ‘dishonest liar’
11 Jun 2018
In scenes, remarks, and tweets that are unprecedented in the diplomatic world, Trump brought the US-led alliance of advanced economies close to a rupture, refusing to sign a joint communique with the group and calling Trudeau a “dishonest liar”
Mystery illness forces US to evacuate diplomats from China
08 Jun 2018
The United States is evacuating several of its diplomats from China following the mass incidence of a mysterious “sound attack” that affects brain functioning
Inadequate sleep could cost countries billions
05 Jun 2018
China's floods to hit US economy: climate effects through trade chains
31 May 2018
Intensifying river floods could lead to regional production losses worldwide caused by global warming. This might not only hamper local economies around the globe — the effects might also propagate through the global network of trade and supply chains
Nepal scraps power project contract with Chinese firm over tariff row
30 May 2018
In November last year, Nepal had scrapped a $2.5 billion deal with China Gezhouba Group Corporation to build a 1,200 MW plant on the Budhi Gandaki River, which was awarded by the earlier Maoist-led government without any competitive bidding
US announces 25% new tariffs on Chinese tech goods
30 May 2018
The US action comes a week after China and the US announced measures to avert a trade war, under which Beijing agreed to "significantly increase" its purchases of American goods and services to reduce China’s $375 billion trade surplus
Trump now says US team is in North Korea to discuss summit details
28 May 2018
Trump said North Korea has brilliant potential and will be a great economic and financial nation one day and that Kim Jong Un too agrees on this
Global trade: simple, swift and effective, thanks to blockchain
26 May 2018
Every step of a process, with all the associated data and documents, can be securely and irreversibly captured in a blockchain, which is ideal for the international trade in goods
The case for not taxing multinationals
24 May 2018
Taxing MNEs' profits, as currently done, wastes resources and is detrimental to global welfare, a new study argues, and suggests we should, instead, tax dividends and sales
UAE to allow 100% FDI; offer 10-year residency visas for exceptional talents
22 May 2018
At present, foreigners generally cannot own more than 49 per cent of any UAE firm unless it is incorporated in a special "free zone"
UAE to allow 100% FDI; offer 10-year residency visas for exceptional talents
22 May 2018
At present, foreigners generally cannot own more than 49 per cent of any UAE firm unless it is incorporated in a special "free zone"
US, China decide to put trade war on hold for now
21 May 2018
While there is no specific deal, the two sides agreed to stop “slapping tariffs’ on each other and instead enhance trade cooperation in areas such as energy, agriculture, health care, high-tech products while the two sides continue trade negotiations
China offers to reduce trade surplus with US by $200 bn: report
19 May 2018
China may buy $200 billion worth of US goods to reduce its massive trade surplus, according to a report in The New York Times
Ex-PM Razak barred from leaving Malaysia, 1MDB probe may reopen
12 May 2018
Malaysia’s new Prime Minister Mahathir Mohamad, making a comeback after a landslide poll victory on Thursday, said his scandal-hit predecessor Najib Razak has been prevented from leaving the country
Nepal at top of India’s Neighbourhood First policy: Modi
11 May 2018
On his third visit to Nepal, Prime Minister Narendra Modi laid the foundation for Nepal’s biggest hydroelectric project, to be built by India’s state-run SJVN, and also announced a Rs100-crore package for the holy city of Janakpur