OECD warns prolonged Middle East war could sharply slow global growthThe global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues...
EU to unveil plan to wean itself off US, Asia techThe EU will set out on Wednesday how the 27-country bloc hopes to slash its dependence on American and Asian technology, and favour Europea...
Give our bullion back: India wants its gold under own lock and keyIndia is rapidly repatriating its gold reserves, bringing the majority home from overseas vaults. This strategic shift, driven by trust con...
US military says it seizes another oil tanker associated with IranUS forces seized another tanker linked to Iranian oil smuggling in the Indian Ocean, escalating tensions after Iran captured two vessels in...
Iran war revives European rooftop solar demand to cut energy billsEuropean households are rapidly installing rooftop solar systems. This surge follows a sharp rise in power prices caused by the Iran war. C...
US funds Cyprus base upgrade to bolster regional safe haven roleCyprus is boosting its military bases with American taxpayer support. These upgrades will strengthen its role as a safe haven for Middle Ea...
Decontrol oil prices and replace cross-subsidies with targeted DBTs for needy householdsDuring recent global crude price volatility linked to West Asia tensions, retail fuel prices in India remained largely unchanged, unlike in...
- India's trade deficit expected to widen
India's trade deficit is forecast to widen in the 2010/11 fiscal year as its rebounding economy raises demand for manufacturing and oil imp...
- No risk of euro zone double-dip recession
The euro zone does not face the danger of a double-dip recession and steps taken by Greece have improved its prospects, European Central Ba...
- UK Apr industrial output falls
British manufacturing output unexpectedly fell on the month in April, suggesting Britain's frail economic recovery may be struggling to gai...
- Oil hovers around $71, euro concerns weigh
Oil hovered around $71 a barrel on Tuesday as concerns about the euro zone crisis subdued optimism over US demand, ahead of data expected t...
- World's top bankers meet in Vienna
Top international bankers and investors head to Vienna later this week for roundtable discussions on European financial integration and Eur...
- Euro, stocks edge up as risk selloff pauses
The euro bounced from a four-year low and Asian stocks rose on Tuesday as traders paused in their selloff of risky assets ahead of Chinese ...
- 'Europe must fix its banks to ensure recovery'
Europe needs to fix its banks and some countries must take bold action to close their budget gaps to prevent the global recovery from derai...
- India won't pause rate hikes for now: FM
India will keep unwinding economic stimulus deployed during the financial crisis and continue raising interest rates despite uncertainty li...
- Doubts over global economy resurface as G20 gathers
Leading policymakers expressed concern about the health of the world economy as they closed ranks behind the euro zone's efforts to tackle ...
- Latvia hopes euro zone to sort out crisis
Latvia copes with market impact of Greek crisis, hopes euro zone to sort out its woes.