World economy
Global trade: simple, swift and effective, thanks to blockchain
26 May 2018
Every step of a process, with all the associated data and documents, can be securely and irreversibly captured in a blockchain, which is ideal for the international trade in goods
The case for not taxing multinationals
24 May 2018
Taxing MNEs' profits, as currently done, wastes resources and is detrimental to global welfare, a new study argues, and suggests we should, instead, tax dividends and sales
UAE to allow 100% FDI; offer 10-year residency visas for exceptional talents
22 May 2018
At present, foreigners generally cannot own more than 49 per cent of any UAE firm unless it is incorporated in a special "free zone"
UAE to allow 100% FDI; offer 10-year residency visas for exceptional talents
22 May 2018
At present, foreigners generally cannot own more than 49 per cent of any UAE firm unless it is incorporated in a special "free zone"
US, China decide to put trade war on hold for now
21 May 2018
While there is no specific deal, the two sides agreed to stop “slapping tariffs’ on each other and instead enhance trade cooperation in areas such as energy, agriculture, health care, high-tech products while the two sides continue trade negotiations
China offers to reduce trade surplus with US by $200 bn: report
19 May 2018
China may buy $200 billion worth of US goods to reduce its massive trade surplus, according to a report in The New York Times
Ex-PM Razak barred from leaving Malaysia, 1MDB probe may reopen
12 May 2018
Malaysia’s new Prime Minister Mahathir Mohamad, making a comeback after a landslide poll victory on Thursday, said his scandal-hit predecessor Najib Razak has been prevented from leaving the country
Nepal at top of India’s Neighbourhood First policy: Modi
11 May 2018
On his third visit to Nepal, Prime Minister Narendra Modi laid the foundation for Nepal’s biggest hydroelectric project, to be built by India’s state-run SJVN, and also announced a Rs100-crore package for the holy city of Janakpur
Koreas declare end to war, denuclerisation of Korean peninsula
27 Apr 2018
The leaders of South Korea and North Korea will now resume efforts to reunite Korean families separated by the war as they move towards continued development of inter-Korean ties and reunification
Oil price uptrend to hit India hard, say economists
27 Apr 2018
The upward march of oil is particularly bad news for emerging economies like India – Nomura estimates that every $10 rise in oil prices would worsen India’s current account balance by 0.4 per cent of GDP and inflation by 0.1 per cent
ECB decides to keep expanding money base
26 Apr 2018
The governing council has confirmed that the net asset (bond) purchases, at the current monthly pace of €30 billion, will continue until the end of September 2018, or beyond, if necessary
Fear of losing status, not economic hardship, drove voters in 2016 presidential election
24 Apr 2018
Fear of losing their privileged status in America and the world motivated many 2016 voters, notably whites, men, and Christians; data from the nationally representative panel also debunks the oft-cited idea that voters were driven by economic grievances, says University of Pennsylvania professor Diana C. Mutz
North, South Koreas get hotline working ahead of historic summit
21 Apr 2018
The hotline, which enables direct communications between North Korea’s Kim Jong-un and the South’s Moon Jae-in, is the latest step in a whirlwind of diplomacy on and around the Korean peninsula since the Winter Olympics
Prince Charles set to head Commonwealth as queen nears retirement
21 Apr 2018
There have been calls for the role to be rotated around the 53 member-states, most of which are former British territories, but in recent days the queen, the British government and other leaders have backed Charles
China now comes up with China-Nepal-India corridor
19 Apr 2018
Like the China-Pakistan Economic Corridor that passes through Kashmir, China is looking to build an economic corridor that passes through Nepal to India
China now comes up with China-Nepal-India corridor
19 Apr 2018
Like the China-Pakistan Economic Corridor that passes through Kashmir, China is looking to build an economic corridor that passes through Nepal to India
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