World economy
India committed to remain a reliable global partner, PM Modi tells WEF
20 Jan 2022
‘Throw away’ culture and consumerism has deepened the climate challenge and this has made it imperative for the world to rapidly move to a circular economy, Modi said
Olaf Scholz replaces Angela Merkel as Germany’s chancellor
13 Dec 2021
While Germans see a continuation of Merkel's governing style in Scholz, who is a calm, steady hand in a crisis and a pragmatic leader striving for compromise, on foreign policy and on European policy, Scholz will be more aligned with the President Joe Biden of the United States
David Card, Joshua Angrist and Guido Imbens share Economics Nobel 2021
11 Oct 2021
David Card, Joshua Angrist and Guido Imbens have provided new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments that has spread to other fields and revolutionised empirical research,” says the Nobel Prize committee
Maria Ressa and Dmitry Muratov share Nobel Peace Prize 2021
08 Oct 2021
Maria Ressa used freedom of expression to expose abuse of power, use of violence and growing authoritarianism in her native country, the Philippines, while Dmitry Muratov has for decades defended freedom of speech in Russia under increasingly challenging conditions, according tp the Nobel Prize Committee
Abdulrazak Gurnah wins Nobel Prize in Literature 2021
08 Oct 2021
`Abdulrazak Gurnah's dedication to truth and his aversion to simplification are striking,; the Nobel Committee for Literature said, adding, `His novels recoil from stereotypical descriptions and open our gaze to a culturally diversified East Africa unfamiliar to many in other parts of the world’
Benjamin List and David MacMillan share Nobel Prize in Chemistry 2021
06 Oct 2021
Benjamin List and David MacMillan have been awarded the Nobel Prize in Chemistry 2021 for independent research leading to the development of a third type of catalysis, called asymmetric organocatalysis that builds upon small organic molecules
Klaus Hasselmann and Niklas Elmehed share 2021 Physics Nobel with Giorgio Parisi
06 Oct 2021
The Nobel Prize in Physics 2021 has been awarded to three scientists, with Syukuro Manabe and Klaus Hasselmann jointly sharing half of the prize money "for the physical modelling of Earth's climate, quantifying variability and reliably predicting global warming" and the other half going to Giorgio Parisi "for the discovery of the interplay of disorder and fluctuations in physical systems from atomic to planetary scales."
David Julius and Ardem Patapoutian share 2021 Nobel Prize in Medicine
06 Oct 2021
The groundbreaking discoveries of the TRPV1, TRPM8 and Piezo channels by this year’s Nobel Prize laureates have allowed us to understand how heat, cold and mechanical force can initiate the nerve impulses that allow us to perceive and adapt to the world around us, says the Nobel Prize Committee
US Fed not in a hurry to close money taps: Powel
30 Aug 2021
While the pandemic-led recession, the briefest and deepest on record, displaced roughly 30 million workers in the United States in the space of two months, recovery has ben even faster, the Fed chief said
IMF lowers 2021 growth forecast for India to 9.5%
28 Jul 2021
Based on the trends in the post-pandemic recovery and vaccine economics, the IMF’s update on its World Economic Outlook has lowered the growth forecast for India by 3 percentage points while raising it for the US and the UK to levels around 7 per cent
Exit Netanyahu, Naftali Bennett is Israel’s new Prime Minister
14 Jun 2021
The new prime minister, leading the far-right Yamina party of six MPs and heading a coalition of diverse left-wing, centrist, right-wing and Arab parties, is in a precarious position with a narrow 60-59 win in the confidence vote
Stifling fiscal freedom
14 Jun 2021
While a uniform tax rate would disable low-income and developing countries wanting to preserve or enhance their corporate tax base and mobilise revenue, the G7 is more concerned about the shift of income from intangible sources such as drug patents, software and royalties on intellectual property to these low-tax jurisdictions
Donald Trump calls for $10 trn reparations from China over Wuhan virus
08 Jun 2021
The Former US President said nations should work together to present China for a bill of minimum $10 trillion and that, as a first step, all countries should collectively cancel any debt that they owe to China as a down payment on reparations
G7 nations strike deal on uniform tax rate for global firms
07 Jun 2021
While the deal opens global firms like Google, Amazon and other tech giants to taxation in all countries where they operate, the G7 agreement says that other countries should repeal their unilateral digital taxes in favour of a low global tax rate
Next stage of UK roadmap ‘in the balance’: UK Professor
27 May 2021
Imperial’s Professor Neil Ferguson says the next stage of the UK’s roadmap out of lockdown is ‘in the balance’ as variant B1.617.2 becomes dominant