World economy
China to spend $361 bn on renewable power by 2020
05 Jan 2017
China’s installed renewable power capacity, including wind, hydro, solar and nuclear power, will contribute to about half of new electricity generation by 2020, says the country’s National Energy Administration
Trump names former Reagan administration official as USTR
04 Jan 2017
Robert Lighthizer, who was deputy US trade representative under President Reagan, would work with secretary of commerce-designate Wilbur Ross and Peter Navarro, head of the newly created White House National Trade Council to “strengthen” US manufacturing base and help stop the flight of jobs
UK ambassador to EU resigns
04 Jan 2017
US remittances to Mexico jump most in 10 years
03 Jan 2017
Obamacare on the block as US Congress session opens today
03 Jan 2017
Though Trump had promised to unite a deeply divided country, the first thing that his Republican party would push for is legislation to undo Obamacare, a health insurance programme which has an expected 13.8 million economically disadvantaged people enrolled in it
Israel to withhold bodies of killed militants
02 Jan 2017
Trump hails Putin for not retaliating to US expulsions
31 Dec 2016
Russian President Vladmir Putin's decision not to reciprocate is a sharp departure from the tit-for-tat policies Moscow pursued against the United States in response to Ukraine-related sanctions in 2014
China plans $503 bn spend on railways to boost growth
30 Dec 2016
The high-speed rail network under the proposal will span more than 30,000 kilometres, according to details released at a State Council Information Office briefing in Beijing
5,000 migrants died at sea this year: UN
24 Dec 2016
Deutsche Bank to pay $7.2 billion to close US mortgage probe
23 Dec 2016
Swiss lender Credit Suisse Group AG, meanwhile, announced that it had settled a related probe with the US Department of Justice for $5.28 billion
Italy plans $21-bn bailout of banks as investors snub Paschi
23 Dec 2016
Under the recapitalisation plan, a major part of the holdings of these banks’ government bonds will be converted to equity, in what would be a partial nationalisation