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World News

  • As leaders chill in Davos,emerging economies going downhill fast

    As leaders chill in Davos,emerging economies going downhill fast  

    While developing economies are no stranger to financial crises, with several currency and debt cataclysms infecting all emerging markets in waves over recent decades, leaders gathering for this year's World Economic Forum in Davos...

    20 Jan 2016, 8.13 am  |  Source: Reuters

  • IMF cuts global growth forecast as China slows

    IMF cuts global growth forecast as China slows  

    The Fund forecast that the world economy would grow at 3.4 percent in 2016 and 3.6 percent in 2017, both years down 0.2 percentage point from the previous estimates made last October. It said policymakers should consider ways to b...

    20 Jan 2016, 8.06 am  |  Source: Reuters

  • China`s slowing economy overshadows US business lobby: Survey

    China's slowing economy overshadows US business lobby: Survey  

    The number of foreign companies rating their business profitable dropped to a five-year low in 2015, while 45 percent of about 500 respondents in the American Chamber of Commerce in China's annual survey reported that revenues in ...

    20 Jan 2016, 8.05 am  |  Source: Reuters

  • Globally economy `stuck in low gear` for at least 2-3 years: IHS

    Globally economy 'stuck in low gear' for at least 2-3 years: IHS   

    The ongoing economic slowdown, which some believe could likely balloon into a full blown crisis in the near future, is structural in nature and dates back to 2000, says Nariman Behravesh, Chief Economist at IHS.

    19 Jan 2016, 11.13 pm  |  Source: CNBC-TV18

  • Johnson & Johnson to cut about 3,000 jobs in medical devices

    Johnson & Johnson to cut about 3,000 jobs in medical devices  

    The company's actions will lead to annual pre-tax savings of USD 800 million to USD 1 billion, much of which will be realized by the end of 2018.

    19 Jan 2016, 9.30 pm  |  Source: PTI

  • Seeing no fundamental improvement in China: IMF Economist

    Seeing no fundamental improvement in China: IMF Economist   

    In an interview with CNBC, Maurice Obstfeld, IMF Chief Economist talked on why forecast on China’s gross domestic product (GDP) for 2016 was left unchanged at 6.3 percent and not reduced further.

    19 Jan 2016, 5.58 pm  |  Source: CNBC-TV18

  • Dr Doom puts China`s GDP at closer to 4% as exports slow

    Dr Doom puts China's GDP at closer to 4% as exports slow  

    Speaking before the release of heavily anticipated Chinese growth figures for 2015, Faber, the publisher of The Gloom, Boom & Doom Report, put the country's growth at about 4 percent, far from the 7 percent Beijing was aiming for,...

    19 Jan 2016, 4.30 pm  |  Source: CNBC

  • Nestle strikes e-commerce deal with Alibaba in China

    Nestle strikes e-commerce deal with Alibaba in China  

    Nestle has introduced products including Nido milk powder, Damak chocolate and Nescafe Dolce Gusto BMW MINI coffee machines on Tmall.com, China's largest shopping website for brands and retailers, it said in a statement.

    19 Jan 2016, 2.38 pm  |  Source: Reuters

  • French carmaker Renault to recall 15,000 vehicles

    French carmaker Renault to recall 15,000 vehicles  

    Renault "has committed to recalling a certain number of vehicles, 15,000 vehicles, to check them and adjust them correctly so that the filtration system works" in all temperatures, Segolene Royal said on RTL radio.

    19 Jan 2016, 1.58 pm  |  Source: PTI

  • South Korea sues Volkswagen`s local head over recall plan

    South Korea sues Volkswagen's local head over recall plan  

    The environment ministry said the suit - filed with the Seoul Central Prosecutor's Office - targeted Johannes Thammer, managing director of Audi Volkswagen Korea.

    19 Jan 2016, 1.58 pm  |  Source: PTI

  • UK security agency MI5 tops LGBT rankings

    UK security agency MI5 tops LGBT rankings  

    The UK's state counter-intelligence agency MI5 jumped from seventh to first place in the Stonewall charity's Top 100 Employers list for 2016, followed closely behind by Lloyds Banking Group, and trumping Nottingham's public health...

    19 Jan 2016, 12.54 pm  |  Source: PTI

  • China steel output falls 2.3% in 2015, first drop in over 30 yrs

    China steel output falls 2.3% in 2015, first drop in over 30 yrs  

    Production also declined 5.2 percent to 64.37 million tonnes in December from the year before, according to the numbers from the National Bureau of Statistics, dented by faltering demand.

    19 Jan 2016, 11.08 am  |  Source: Reuters

  • China`s economy will face similar situation in 2016 as in 2015

    China's economy will face similar situation in 2016 as in 2015  

    Wang Baoan, who heads the National Bureau of Statistics, told a news briefing that economic growth would remain stable this year.

    19 Jan 2016, 10.29 am  |  Source: Reuters

  • Pakistan lifts YouTube ban after three years

    Pakistan lifts YouTube ban after three years  

    YouTube was blocked in Pakistan in 2012 after the posting of an inflammatory video, Innocence of Muslims, sparked violent protests across the Muslim world.

    19 Jan 2016, 10.23 am  |  Source: CNBC

  • Jail to jihad:Indonesian prisons a breeding ground for militancy

    Jail to jihad:Indonesian prisons a breeding ground for militancy  

    Afif's graduation from jailbird to jihadi shines a light on a prison system where staff shortages, overcrowding and corruption have allowed extremists to mingle and emerge as determined killers in the name of Islam.

    19 Jan 2016, 10.23 am  |  Source: CNBC

  • Volkswagen faces shareholder claims over emissions scandal

    Volkswagen faces shareholder claims over emissions scandal  

    Law firm Nieding + Barth said on Monday it would lodge a case with a regional court in Brunswick this week, seeking hundreds of millions of euros in damages on behalf of 66 institutional investors from the United States and Britai...

    19 Jan 2016, 10.23 am  |  Source: CNBC

  • Iran boosts oil production, condemns new sanctions

    Iran boosts oil production, condemns new sanctions  

    The National Iranian Oil Company said it had ordered production to increase by 500,000 barrels per day - a move Tehran had long planned for once its nuclear deal with world powers took effect.

    19 Jan 2016, 8.31 am  |  Source: PTI

  • Iran mulls building oil refinery in Spain: Minister

    Iran mulls building oil refinery in Spain: Minister  

    "Iran is studying the possibility of setting up a refinery in Spain, specifically in Algeciras," on the south coast, Garcia-Margallo said yesterday in Brussels after welcoming the implementation of the Iran nuclear agreement.

    19 Jan 2016, 8.30 am  |  Source: PTI

  • China`s economy grew 6.9% in 2015, a 25-year low

    China's economy grew 6.9% in 2015, a 25-year low  

    China's economy grew 6.8 percent in the fourth quarter of 2015

    19 Jan 2016, 7.58 am  |  Source: CNBC

  • Xiaomi ventures into film production

    Xiaomi ventures into film production  

    The production firm marks Xiaomi's first film industry project. It will focus on screenwriting and development of talent, with several renowned Chinese directors including Gu Changwei and Guan Hu being invited to select screenplay...

    18 Jan 2016, 10.21 pm  |  Source: PTI

  • Xi Jingping to promote Silk Road initiative in Iran

    Xi Jingping to promote Silk Road initiative in Iran   

    As part of its Silk Road initiative and energy sector promotion, Chinese President Xi Jingping is paying a visit to Iran from January 19 to January 23.

    18 Jan 2016, 9.48 pm  |  Source: CNBC-TV18

  • BlackBerry to launch 1st Android smartphone on Jan 28

    BlackBerry to launch 1st Android smartphone on Jan 28  

    First unveiled in October, Priv marks the BlackBerry's foray into Android-based smartphones. According to invites sent by the company, BlackBerry will unveil Priv, "the secure smartphone powered by Android" on January 28.

    18 Jan 2016, 9.33 pm  |  Source: PTI

  • Tata Motors appoints ex-Airbus COO Guenter Butschek as CEO & MD

    Tata Motors appoints ex-Airbus COO Guenter Butschek as CEO & MD  

    Butschek joins Tata Motors after his last assignment at Airbus Group where he served as Chief Operating Officer at Airbus and Member of the Group Executive Committee, the company said.

    18 Jan 2016, 9.00 pm  |  Source: PTI

  • WhatsApp to go

    WhatsApp to go "free" globally  

    "Nearly a billion people around the world today rely on WhatsApp to stay in touch with their friends and family...WhatsApp will no longer charge subscription fees," WhatsApp said on its official blog.

    18 Jan 2016, 8.39 pm  |  Source: PTI

  • Laurent Levy named third arbitration in Cairn tax case

    Laurent Levy named third arbitration in Cairn tax case  

    Levy was approved as the neutral arbitrator on the panel last week after appointees of Cairn and the Government agreed to his name, sources said.

    18 Jan 2016, 8.31 pm  |  Source: PTI

  • Shell exits gas project in Abu Dhabi

    Shell exits gas project in Abu Dhabi  

    The Anglo-Dutch group said in a statement that it had decided not to develop the Bab sour-gas reservoirs with state-run Abu Dhabi National Oil Co (ADNOC) against a backdrop of plunging oil markets.

    18 Jan 2016, 8.24 pm  |  Source: PTI

  • Renault promises plan to cut emissions levels

    Renault promises plan to cut emissions levels  

    On Thursday, a government-appointed commission said that Renault's diesel cars failed pollution tests and investigators raided its facilities, raising fears the French carmaker could be caught up in an emissions scandal similar to...

    18 Jan 2016, 4.37 pm  |  Source: PTI

  • China GDP: The elephant in the market

    China GDP: The elephant in the market  

    Growth for the fourth quarter is also expected to ease. This is what analysts are saying ahead of the release.

    18 Jan 2016, 2.40 pm  |  Source: CNBC

  • Uber to partner with Airbus for on-demand helicopter rides

    Uber to partner with Airbus for on-demand helicopter rides  

    California-based Uber has said that it will be partnering with France-based Airbus on a test programme to provide helicopter rides on demand through its application just as it currently does with car rides.

    18 Jan 2016, 1.18 pm  |  Source: PTI

  • Qualcomm unveils $280 mn joint venture with Chinese province

    Qualcomm unveils $280 mn joint venture with Chinese province  

    Qualcomm officials in Beijing signed a strategic cooperation agreement with the government of Guizhou province and announced the Guizhou Huaxintong Semi-Conductor Technology Co Ltd, a joint venture with initial capital of 1.85 bil...

    18 Jan 2016, 12.36 pm  |  Source: Reuters

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