The year 2015 is the year that India can. There’s a new, wants-to-do government. Stalled infrastructure projects are being revived, jobs matter again, ecologically sustainable business models are…
World Economy
Joblessness fell by over a quarter of a million in 2014, a record in the struggling eurozone economy.
Spanish unemployment has recorded the sharpest drop since the country adopted the euro…
JPMorgan Chase & Co has become the first bank to settle a US antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign…
French consumer confidence in December rose to its highest level in two and a half years, the official INSEE statistics agency said. The confidence index of euro’s second-biggest economy rose to…
Fears that Greece could end up leaving the eurozone after elections later this month rattled European markets, with stock prices hammered, AFP said. Greek stocks sank more than 5%, while the Paris…
US automakers reported strong December domestic sales to cap off a solid year of growth, with consumers still readily buying cars and trucks despite a record year of recalls, AFP reported.…
Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has temporarily suspended service after “some” of its “operational wallets were compromised” on Sunday,…
French and German borrowing rates reached new all-time lows on Tuesday amid fears over the prospect of Greece leaving the eurozone.
As of 0830 GMT, France’s 10-year debt hit 0.772 percent…
German automaker Daimler showed its vision of the driverless car, a prototype vehicle that allows four passengers to face each other as the vehicle finds its way.
The usual end of a year balance arrives along with the setting of good resolutions for the New Year. Elisabetta Gardini, an Italian member of the European Parliament, said, “I have to admit that…
Taiwan smartphone giant HTC on Tuesday posted a third successive quarterly profit as the launch of a series of new products gave a lift to the resurgent brand.
The firm said net profit came…
Portugal’s unemployment rate rose in November to 13.9% from 13.6% in October, the National Statistics Institute (INE) said on Tuesday, Business Recorder reported. According to the new…
Millions of coal miners in India began a five-day strike Tuesday in protest at moves to open up the market to private companies. “I can say that a nationwide strike is on and this the biggest one…
Narendra Modi, India’s prime minister, has moved to address worries about his flagging economic reform agenda with a pledge to shake-up India’s banking sector and the likely appointment of market-…
Indonesia will save about $18 billion from the biggest overhaul of its decades-old fuel subsidy system, allowing the government to double spending on transportation, agriculture and public…
Concerns over Greece’s future in the eurozone and a sharp decline in commodities stocks triggered by lower crude oil and metals prices kept European equities under…
Germany is the latest eurozone country to fall prey to the forces of deflation, as it saw the lowest rise in consumer prices since October 2009.
Monthly consumer price inflation was just 0.…
Microsoft has unveiled the cheapest smartphone in the world.
Microsoft is launching the Nokia 215 for just $29. The technology company calls the 215 the “most affordable Internet-ready…
Ni gerian equities will remain on the downtrend in the months ahead as quoted companies grapple with macroeconomic challenges and investors gauge the continuing impact of the declining crude oil…
The Polish Finance Ministry’s top economist accused the central bank’s monetary policy council of inconsistency and poor communication to investors, Bloomberg said. Divisions among rate-setters…
Tougher sanctions may destabilize the situation further in Russia and plunge the country into chaos, German deputy chancellor Sigmar Gabriel warned in a newspaper interview on Sunday, AFP said. “…
China has instituted a system of export permits for rare earth metals, used in hi-tech goods such as mobile phones, the government said, with state-run media describing the move as an abolition of…
A US hedge fund founder was found shot to death in his Manhattan apartment on Sunday, and New York police are seeking his son for questioning, authorities said. Thomas Gilbert, 70, founder of the…
Turkmenistan rang in the New Year by dramatically devaluing its national currency, the manat, and introducing a steep levy on the price of petrol.
The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while soft manufacturing surveys pushed down shares and sent…
