World economy
US Supreme Court upholds Trump travel ban
28 Jun 2018
US President Donald Trump has finally received the Supreme Court’s approval for his travel ban on select Muslim countries, with the apex court upholding the Trump White House's travel ban
Trump sets 4 Nov deadline for world to stop buying Iranian crude
27 Jun 2018
The US has told all countries, including India and China, to stop all their imports of Iranian crude oil by 4 November, but the two countries are unlikely to comply considering their dependence on Iranian oil
Erdogan emerges victor in Turkish election
25 Jun 2018
Recep Tayyip Erdogan, the longest-surviving Turkish President, will enjoy enhanced powers under a new constitution agreed to in an April 2017 referendum
Opec agrees to raise output by 1 mn barrels per day
23 Jun 2018
Opec members agreed to a deal on Friday to increase oil supplies by about 1 million barrels of oil per day, equivalent to an increase of 1 per cent of global supplies
Panama Papers to the fore again: Bachchan, Lionel Messi implicated
21 Jun 2018
A fresh trove of 1.2 million documents linked to the defunct Panamanian firm Mossack Fonseca reveal fresh details that appear to implicate Bollywood star Amitabh Bachchan, footballer Lionel Messi, and the family of Argentina’s president, among others
Trump relents, issues order to stop separation of illegal families
21 Jun 2018
The move follows withering criticism for the heavy-handed and cold-hearted response to an immigration crisis after the implementation of the zero-tolerance policy, resulting in children being forcibly separated from parents who illegally cross the border
Study finds less corruption in countries where more women are in government
21 Jun 2018
A greater representation of women in the government is bad news for corruption, finds a cross-country analysis of over 125 countries
US withdraws from United Nations Human Rights Council
20 Jun 2018
Rights groups have criticised the Trump administration for weakening America’s human rights record while critics slammed it for being selective in deciding human rights abuses within and in some parts of the world
Microsoft under fire over ICE contract; but won’t back down
19 Jun 2018
Azure Government is a cloud computing software that Microsoft sells to various government agencies, but the contract with US Immigration and Customs has come in for criticism over the agency's detention centres and family separation policies
Global wealth rose 12% in 2017: BCG
16 Jun 2018
Migrating via investment: why US is inferior to Canada, UK, others
16 Jun 2018
The US EB-5 Investor programme or ‘million-dollar green card programme’ requires you to tie up around $575,000 of funds for a long period with no guarantee of success; similar programmes in Canada, the UK or Europe have much less burdensome requirements and may make more sense, says Ajay Sharma, president of Abhinav Oursourcings
China retaliates as Trump slaps 25% duty on $50 bn worth of goods
16 Jun 2018
With US annual trade deficit of more than $370 billion per annum with China, the US expects the measure to serve as an initial step toward bringing balance to bilateral trade relationship
EU readies retaliatory action against Trump tariff
15 Jun 2018
Reports quoting European Commission sources said the EU countries endorsed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of goods, including whisky, motorcycles and blue jeans
India, China plan oil buyers’ block to counter Opec
14 Jun 2018
While the two countries compete in the acquisition of oil assets overseas, India and China have a common interest in keeping oil import prices low, considering its impact on domestic economies
US Fed raises lending rates by 25 bps to 1.75-2%
14 Jun 2018
While raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 per cent and 2 per cent, the Fed said its monetary policy would remain accommodative
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