World economy
India, US, Brazil join to spearhead Global Biofuels Alliance
10 Sep 2023
In yet another big deal for India, which is the current president of the G20, the summit in New Delhi announced the formation of a Global Biofuels Alliance.
Brazil's president proposes common currency for BRICS nations
24 Aug 2023
The President of Brazil, Luiz Inacio Lula da Silva, popularly known as Lula, proposed the idea of establishing a common currency among the BRICS nations.
JPMorgan Chase acquires majority stake in failed First Republic Bank
06 May 2023
JPMorgan Chase has offered to protect all $92 billion of deposits - insured and uninsured - bringing its financial strength, capabilities and capital to the US banking system and First Republic
ECB raises interest rates by 25 basis points
05 May 2023
Silicon Valley Bank, sixteenth-largest US bank, collapses
11 Mar 2023
The run on the bank followed a letter sent by Silicon Valley Bank chief executive officer Greg Becker to shareholders stating that the bank had suffered a $1.8 billion loss on the sale of US treasuries and mortgage-backed securities and also outlined a plan to raise $2.25 billion to shore up capital
India, well placed to lead G20 towards `One Earth, One Family, One Future’
06 Mar 2023
“In a world facing multiple challenges and rising geopolitical tensions, India’s G20 presidency is critical — and beautifully captured in the theme: One Earth, One Family, One Future,” the IMF MD said in a blog post
US using Indian refiners for record purchase of gasoline and diesel of Russian origin: report
06 Feb 2023
US using Indian refiners for record purchase of gasoline and diesel of Russian origin: report
06 Feb 2023
India seeks unity of Global South to grow past a ‘frozen’ United Nations
16 Jan 2023
As many as 125 countries, which included 29 countries from Latin America and Caribbean, 47 countries from Africa, seven from Europe, 31 from Asia and 11 from Oceania, participated in the summit, while China and Pakistan were absent
Rising debt could undermine South Asia’s growth: RBI governor
10 Jan 2023
Multiple external shocks in the form of Covid related global supply chain disruptions, food and energy crisis following the war in Ukraine, and financial market volatility arising from the aggressive monetary policy tightening have exerted sustained price pressures in the South Asian economies, RBI governor Shaktikanta Das told a meeting of the International Monetary Fund
Rishi Sunak becomes UK’s first Indian origin Prime Minister
25 Oct 2022
Sunak must ensure that his team is focused on overcoming a tumultuous economic crisis even as his government fixes the mistakes made by his predecessors
Britain’s Queen Elizabeth dies at 96
14 Sep 2022
Her eldest son Charles, 73, automatically becomes king of the United Kingdom and the head of state of 14 other nations, including Australia, Canada and New Zealand
US economy contracted in second quarter by 0.6%
31 Aug 2022
China launches a second module to its space station
25 Jul 2022
China will launch a third module, named Mengtian, in October this year, completing the T-shaped space station
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