World economy
US lawmakers, UK back Obama on airstrikes against ISIS militants
08 Aug 2014
With targeted air strikes, Obama hopes to halt the militant advance and shift the balance on the battlefield in favour of embattled Iraqi and Kurdish forces
China posts $47.3 bn trade surplus in July
08 Aug 2014
US enters “limited” war in Iraq with “targeted” air strikes
08 Aug 2014
With targeted air strikes, Obama hopes to halt the militant advance and shift the balance on the battlefield in favour of embattled Iraqi and Kurdish forces
Sanctions on Russia pull down factory orders in Germany as Italy relapses into recession
07 Aug 2014
Russia hits back, bans food imports from US and EU
07 Aug 2014
Prime Minister Dmitry Medvedev said Russia was considering banning US and European airlines from overflying Russian airspace
Italy slips back into recession
07 Aug 2014
US commits $33 bn for Africa
06 Aug 2014
The US is seeking to boost its trade with Africa, which is currently around $85 billion annually, or less than half of China's $200 billion
Germany blocks Rheinmetall defence deal with Russia
05 Aug 2014
Rheinmetall had won a contract in 2012 to build a combat simulation centre in Mulino in the Volga region, 360 km east of Moscow and planned to construct more such facilities in other parts of Russia
Nigeria to cut telecom taxes to boost investment
04 Aug 2014
Modi announces $1-bn loan to Nepal; offers to review bilateral treaty
04 Aug 2014
Prime minister Narendra Modi has pledged to help power-starved Nepal set up hydropower plants and offered to buy surplus electricity from the country
VTB Group’s $1.5-bn loan may be hit by sanctions
01 Aug 2014
WTO to meet in September as Geneva talks deadlock
01 Aug 2014
India and other developing countries have refused to ratify any agreement on trade issues until a permanent solution on food security is finalised
Kerry hopes to push India on WTO trade deal as deadline looms
31 Jul 2014
India has refused to ratify the WTO trade-facilitation deal unless it eases restrictions on farm subsidies and food subsidies to the poor
Climate change and air pollution will combine to curb food supplies: study
By By David L. Chandler, MIT News Office | 31 Jul 2014
Ozone and higher temperatures can combine to reduce crop yields, warns a new study from MIT. By David L. Chandler, MIT News Office
US House of Reps vote to sue Obama
31 Jul 2014
The Republican-controlled US House of Representatives has voted for a lawsuit against President Barack Obama, for executive overreach
US Federal Reserve leaves monetary policy unchanged
31 Jul 2014
The Fed said household and business spending was improving, but recovery in the housing sector remained slow
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