World economy
Sri Lanka declares bankruptcy as country plunges into chaos
11 Jul 2022
Sri Lanka is currently in negotiations with the International Monetary Fund (IMF) to save the economy, but the IMF said more work was required to repair Sri Lanka’s runaway fiscal deficit before any agreement is worked out
Boris Johnson resigns as British prime minister
08 Jul 2022
At least 32 British lawmakers, including Treasury chief Rishi Sunak and Health Secretary Sajid Javid, left Johnson’s government in less than 24 hours, saying the Tory leader no longer has their confidence
Chernogolovka gains as Coca-Cola, Pepsi suspend Russian operations
01 Jul 2022
Chernogolovka, an aerated drinks company named after a town outside Moscow where it was founded in 1998, is reported to have more than doubled its presence in hotels, restaurants and cafes so far this year
World Bank fears a possible rerun of the 1970s ‘stagflation’
09 Jun 2022
Stagflation is a situation when high prices – mostly of oil and food - cause high inflation worldwide even as economies dependent on imports face recession
Quad plans over $50 bn infastructure investment in Asia-Pacific
25 May 2022
The Quad leaders said they will champion adherence to international law, as reflected in the UN Convention on the Law of the Sea (UNCLOS), and the maintenance of freedom of navigation and overflight, to meet challenges to the maritime rules-based order, including in the East and South China Seas
Sri Lanka govt plans to sell airline; prints money to pay salaries
23 May 2022
The nation has only one day’s stock of gasoline and the government is working to obtain dollars in the open market to pay for three ships with crude oil and furnace oil that have been anchored in Sri Lankan waters, the newly appointed Prime Minister Ranil Wickremesinghe said
Ray of hope as Russia offers ceasefire, Ukraine distances from Nato
09 Mar 2022
Russia announced the ceasefire for evacuation of the civilian population from Chernihiv, Sumy, Kharkiv, Mariupol, and Zaporizhzhia, even as Ukranian President Volodymyr Zelenskyy said he is no longer pressing for Nato membership for Ukraine, and cooled down on break-away provinces
Vladimir Putin seeks lawmakers’ permission to use force outside Russia
07 Mar 2022
Putin's move to sign a decree recognising Donetsk and Luhansk (Donbass) as independent regions, will pave way for Russian military forces to enter into these separatist-dominated regions claiming to be an ally of the rebels
India committed to remain a reliable global partner, PM Modi tells WEF
20 Jan 2022
‘Throw away’ culture and consumerism has deepened the climate challenge and this has made it imperative for the world to rapidly move to a circular economy, Modi said
Olaf Scholz replaces Angela Merkel as Germany’s chancellor
13 Dec 2021
While Germans see a continuation of Merkel's governing style in Scholz, who is a calm, steady hand in a crisis and a pragmatic leader striving for compromise, on foreign policy and on European policy, Scholz will be more aligned with the President Joe Biden of the United States
David Card, Joshua Angrist and Guido Imbens share Economics Nobel 2021
11 Oct 2021
David Card, Joshua Angrist and Guido Imbens have provided new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments that has spread to other fields and revolutionised empirical research,” says the Nobel Prize committee
Maria Ressa and Dmitry Muratov share Nobel Peace Prize 2021
08 Oct 2021
Maria Ressa used freedom of expression to expose abuse of power, use of violence and growing authoritarianism in her native country, the Philippines, while Dmitry Muratov has for decades defended freedom of speech in Russia under increasingly challenging conditions, according tp the Nobel Prize Committee
Latest articles
Featured articles
Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.
The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES
Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.
As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.
The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
