World economy
US budget deficit falling faster than expected
15 May 2013
Euro zone economy in an extended recession
15 May 2013
Recession in the bloc, which dates back to the fourth quarter of 2011, is now longer than the five quarters of contraction that followed the global financial crisis in 2008-09
EU regulator raids oil giants over price manipulation
15 May 2013
The European Commission yesterday raided the offices of oil giants including Royal Dutch Shell, BP and Statoil over concerns that they colluded in manipulating the oil price benchmark in violation of EU antitrust rules
PM unlikely to accept Sharif’s impromptu invite for swearing-in
14 May 2013
Prime Minister Manmohan Singh is yet to receive a formal invitation for the swearing-in ceremony of Pakistan's newly elected Prime Minister Nawaz Sharif; but is unlikely to accept when it comes
Nawaz Sharif set to be Pakistan PM for a third time
13 May 2013
The two-time prime minister, once jailed and exiled following his ouster in a military coup in 1999, has promised to improve relations with both India and Afghanistan
US posts biggest monthly budget surplus in 5 years
13 May 2013
The US Treasury said that the country’s budget surplus in April was $113 billion, the largest in five years on the back of increased tax revenue
Election over, Pakistan starts counting vote
11 May 2013
Osborne warns UK’s richest over tax evasion
11 May 2013
Thames Water proposes recycled water for Londoners as water crisis looms
11 May 2013
Thames Water is looking at wastewater recycling, including from dishwashers, washing machines, baths and toilets, to provide drinking water to London’s 10 million population, which is still growing
Chinese claim trade increase, but figures don’t add up
08 May 2013
China’s export growth surged unexpectedly in April, as shipments to the US and Europe decreased, leading Bank of America and Mizuho Securities analysts to say China's figures had been inflated
Malaysian PM Najib Razak wins a second term
07 May 2013
Malaysia’s prime minister Najib Razak has returned to power for a second five-year term as his National Front coalition (Barisan Nasional) won majority seats in the country’s parliament
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