World economy
IEA cuts global oil demand forecast for 2015
13 Dec 2014
Anticipating weaker than expected exports from Russia and other oil exporters, International Energy Agency has trimmed global oil demand growth projections for the fourth time in five months
UN declares 21 June as 'International Day of Yoga'
12 Dec 2014
One of the two solstices, 21 June is the longest day in the Northern Hemisphere and has special significance in many parts of the world
Russia hikes key interest rate to 10.5% to fight inflation
12 Dec 2014
Russia is struggling to combat inflation caused by plunging oil prices and western sanctions imposed due to the country’s involvement in Ukraine
China arrests its security chief Zhou Yongkang for graft
06 Dec 2014
Zhou Yongkang, the former head of China's domestic security apparatus, is the first member of the elite Politburo Standing Committee to face criminal investigation for corruption
Red Flag overshadows Star-Spangled Banner
06 Dec 2014
China enters 2015 as a $17.6 trillion economy, accounting for 16.5 per cent of the world's economy, whereas the US will slide down to second place with a GDP of $17.4 trillion and 16.3 per cent share of global economy. By C K Unnikrishnan
India to welcome Putin as ‘old friend’ despite Western sanctions
06 Dec 2014
India has set up an upbeat tempo for Russian President Vladimir Putin's one-day visit to Delhi next week, saying that t "cannot be party" to any economic sanctions against its “old friend”
Russian economy to shrink in 2015 as sanctions, falling oil prices bite
03 Dec 2014
Russia, the world’s eighth-largest economy, is expected fall into recession next year as western sanctions and plunging oil prices begin to take their toll
Swiss voters reject immigration cuts
01 Dec 2014
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