World economy
Three Americans share Nobel Prize in Economics
14 Oct 2013
According to Nobel Prize committee, research carried out by the three economists "laid the foundation for the current understanding of asset prices"
Top global bankers warn of financial catastrophe if US defaults
14 Oct 2013
Some of the heads of leading banking giants have warned that a US debt default triggered by a prolonged shutdown would plunge the world into another recession
Red Cross to launch first food distribution programme since WWII in the UK
12 Oct 2013
With rising food costs, the Red Cross will launch its first food aid programme for the UK’s hungry since WWII
Pak court orders Musharraf's re-arrest
11 Oct 2013
Pakistan’s former military ruler Pervez Musharraf's re-arrest comes as an increasingly activist judiciary has challenged the power of the powerful military -- no other former army chief has ever been arrested before
Starbucks launches petitions from customers against government shut down
11 Oct 2013
Starbucks CEO Howard Schultz says he was acting because Americans had no platform from which to voice their frustration and outrage over the shutdown
Nobel Peace Prize awarded to chemical weapons watchdog OPCW
11 Oct 2013
The award recognises active engagement of inspectors of the Organisation for the Prohibition of Chemical Weapons in the work of eliminating chemical weapons in the war zone in Syria
Europe, China strike €45-bn currency swap deal
11 Oct 2013
Libya's Prime Minister Zeidan abducted by unknown gunmen
10 Oct 2013
In an interview with the BBC on Monday, Zeidan had said Libya was being used as a base to export weapons throughout the region, and called on the West to help stop militancy in Libya
Obama picks Janet Yellen to succeed Fed chairman Ben Bernanke
10 Oct 2013
US president Barack Obama yesterday nominated noted economist Janet Yellen as the country’s first woman to take the reins of the Federal Reserve, replacing outgoing chairman Ben Bernanke whose second term ends on 31 January 2014
IMF pegs India 2013 growth at a low 3.75%
09 Oct 2013
The IMF, in its latest `World Economic Outlook’ report, says global growth is in low gear, and that the drivers of activity are changing
Italian senate committee recommends expulsion of former PM Silivio Berlusconi
07 Oct 2013
An Italian Senate committee has recommended the expulsion of former prime minister Silvio Berlusconi from parliament following his conviction for tax fraud
US govt speak: What's affected by the shutdown?
03 Oct 2013
Obama curtails Asia trip amid US government shutdown
03 Oct 2013
Obama has accused Republicans of taking the government hostage to sabotage his signature healthcare law, the most ambitious US social programme in five decades
ADB says India can weather Fed storm
03 Oct 2013
US government begins shutdown; 1 mn workers may lose pay
01 Oct 2013
The US government began shutting down today for the first time in 17 years, a move that will put up to 1 million workers on unpaid leave and cost the US economy about $1 billion a week
US shutdown looms as Republicans play hardball
30 Sep 2013
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