World economy
US drops Cuba from list of state sponsors of terrorism
30 May 2015
Cuba was formally dropped by the US from a list of state sponsors of terrorism yesterday, in a major step toward restoration of full diplomatic ties
California turns to Australia for strategies to counter record drought
27 May 2015
Facing the longest and sharpest drought on record, Californian authorities are increasingly looking for solutions from Australia, the world's driest inhabited continent
Switzerland starts naming black money holders, two Indians in the list
26 May 2015
The Swiss Federal Tax Administration is reported to have published the names of several foreign nationals with Swiss bank accounts, including two Indian women
Israeli ex PM Olmert sentenced to eight month for graft
25 May 2015
The new sentence comes on top of six years in prison Olmert is already facing for taking bribes related to a controversial Jerusalem housing project while he was mayor
China offers $318 bn of projects to private investors to drive growth
25 May 2015
China is looking at the PPP model because of a widening funding gap amidst changes in borrowing procedures that could worsen its economic slowdown after years of double-digit growth
Global protest over Monsanto’s GM crops, pesticides
25 May 2015
US biotech giant Monsanto is at the receiving end for its prime products, the co-called Roundup crops and neonicotinoid pesticides that have now turned up to be carcinogenic
Greece set for June default if talks fail
25 May 2015
For Greece, which is deprived of the bond market now, a deal with the international creditors in the next few days is crucial to avoid a bankruptcy
ISIS wants to use Pak N-bomb on US
23 May 2015
With billions of dollars in extorted money in its coffers and support from divergent Islamic militant groups, ISIS hopes to secure its first nuclear weapon from Pakistan within the next 12 months
Obama signs bill to give Congress powers over Iran nuclear deal
23 May 2015
Under the bill Obama, would be barred from waiving congressional sanctions for at least 30 days, as lawmakers examined any final deal
US - China dispute over South China Sea escalates
23 May 2015
The continued US surveillance flights in the areas are aimed at challenging the Chinese government’s claims of expanded territorial sovereignty
Pakistan denies nuclear deal with S Arabia
22 May 2015
Pakistan’s Foreign Office yesterday vehemently denied a report claiming that Saudi Arabia had decided to buy nuclear weapons from Pakistan
Japan to fire up ADB to counter China-led AIIB
22 May 2015
According to analysts, the rival efforts by the two countries will be a boon for Asian nations, which face huge infrastructure shortfalls
Airbus UK chief warns of withdrawing if UK exits EU
21 May 2015
Paul Kahn, the president of Airbus Group UK has warned that the company could reconsider its investment in the country in the event of the UK leaving the EU
India to drive South Asian economic growth in FY16: UN
20 May 2015
India's economic growth is projected to surpass that of China's, with a 7.7 per cent expansion of GDP in 2016, while China’s economic growth is projected to decline to 6.8 per cent in 2016 from 7 per cent in 2015
S African regulator probes global banks for forex rate fixing
20 May 2015
The banking giants under probe include BNP Paribas SA, Citigroup Inc, Barclays Bank Plc, JP Morgan Chase & Co, Investec Ltd, Standard New York securities Inc, and Standard Chartered Plc
Iraq, Iran join forces to retake Ramadi from ISIS militants
18 May 2015
Iran's defence minister GenHossein Dehghan also flew to Baghdad on a surprise visit for urgent talks with Iraqi leaders
A “graduation” from poverty
18 May 2015
Known as the “Graduation” program, the study was aimed at testing whether helping the poor in multiple ways simultaneously could be especially effective in fighting poverty
Nepal sees $10-bn loss in quake; UN calls for continued aid
16 May 2015
The devastating 25 April earthquake and the subsequent aftershocks have caused losses of around $10 billion to the Himalayan nation
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