World economy
Switzerland to loosen bank secrecy laws under US pressure
30 May 2013
Under sustained US pressure, the Swiss government will allow its banks to reveal some customer information to US authorities, an important step in settling tax disputes between the nations
Chinese media expresses irritation over Japan-India maritime talks
By By Jagdeep Worah | 30 May 2013
Chinese state-controlled media has expressed displeasure over Indo-Japanese maritime cooperation, saying Japan does not have the strength to prevail over China's influence in Asia
Scribe files plea against ISI’s peace moves with ‘Pak Taliban’
30 May 2013
Pakistani freelance journalist Shahid Orakzai has filed a petition in Pakistan’s Supreme Court to prevent the government or the military from holding negotiations with the Pakistani Taliban, as it is forbidden by the country's Constitution
Recession in Europe could jeopardise global recovery: OECD
29 May 2013
The Organization for Economic Cooperation and Development has warned a protracted economic weakness in Europe could evolve into stagnation with negative implications for the entire global economy
Hollande calls for €6-bn youth unemployment spending; French consumer confidence lowest in history
29 May 2013
IMF pares growth projections for China
29 May 2013
The forecast from the IMF comes following a series of lowered 2013 growth estimates for China by economists following soft factory output and investment performance data for April and weak factory activity
US durable goods orders rise more than forecast
25 May 2013
German consumer confidence robust: Poll
24 May 2013
BoJ resorts to $19-bn bond purchase as yields rise to 1%
24 May 2013
Despite assurances from the central bank chief Haruhiko Kuroda last month that his goal was to lower bond yields, the rates increased steadily
Bernanke bets on monetary stimulus for US economy
22 May 2013
In his testimony to the US Congress, Bernanke said low interest rates have helped improve home prices, increase consumer spending and thereby increase production and employment
Cook defends Apple’s US tax avoidance before lawmakers
22 May 2013
Congressional investigators allege that even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the US and around the world
91 feared dead in Okhahoma tornado
21 May 2013
Apple CEO faces US Senate panel over tax avoidance charges
21 May 2013
Investigators say Apple’s tax avoidance efforts between 2009 and 2012 kept away at least $74 billion from the Internal Revenue Service
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