World economy
Scandals cost UK banks £39 bn
09 Apr 2015
The global oil price drop may last for the next couple decades, says Stanford economist
08 Apr 2015
Stanford economist Frank Wolak says the drop in oil prices and demand reflects heightened energy production in North America, better technologies and the declining market power of the OPEC countries
Russia offers Greece cash in return for assets
07 Apr 2015
Western powers should now shift focus to Pak: NYT
07 Apr 2015
Describing nuclear-armed Pakistan as "unquestionably the biggest concern" to stability in South Asia, The New York Times today said the world powers that worked on the Iran deal should now turn their attention to the sub-continental region
Fighting unabated as Yemen falls apart
07 Apr 2015
26 countries ask for Indian help to rescue citizens from Yemen
07 Apr 2015
Following the India’s success in pulling out its citizens from strife-torn Yemen – a triumph for minister of state for external affairs Gen V K Singh — powers like the US and France are lining up for help
US incomes fall across the board except for the rich in 2014
07 Apr 2015
Even as the majority of incomes fell, consumer spending, which accounted for about two-thirds of US economic activity, was up 1 per cent on average
Israel, Jordan in historic gas deal
04 Apr 2015
Tehran achieves deal with US-led powers to end sanctions
04 Apr 2015
The marathon talks between the US-led ‘P5+1’ and Iran on curtailing its nuclear programme have achieved a breakthrough, with Tehran making several concessions
Iraq declares ‘magnificent victory’ over IS rebels in Tikrit
02 Apr 2015
Iraq declared a "magnificent victory" on Wednesday over the Islamic State group in Tikrit, a key step in driving the militants out of their biggest strongholds
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
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