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Americans facing competition from India, China: Obama

Last Updated: Tuesday, April 08, 2014, 09:05

"You guys are all coming up in an age where you're not going to be able to compete with people across town for good jobs -- you?re going to be competing with the rest of the world. Young people in India and China, they?re all interested in trying to figure out how they get a foothold in this world economy," Obama said while addressing students in Maryland yesterday.

India business sentiment weak in first quarter: Survey

Last Updated: Wednesday, March 19, 2014, 10:07

China`s exports unexpectedly dropped 18 percent in February, fueling investor concerns over cooling growth in the world`s second-biggest economy.

EU to offer Ukraine trade benefits to help prop economy

Last Updated: Wednesday, March 12, 2014, 09:52

The European Commission agreed on Tuesday to give nearly 500 million euros worth of trade benefits to Ukraine, which had been teetering towards default even before pro-Western unrest in Kiev revived Cold War tensions.

World economic recovery struggling to gain traction

Last Updated: Friday, February 21, 2014, 02:28

Surveys also showed business activity across the 18-country euro zone slowed this month, confounding expectations of an acceleration.

Emerging markets output growth slows to 4-month low in January - HSBC

Last Updated: Monday, February 10, 2014, 09:46

Business activity across emerging markets expanded in January at the slowest pace in four months, dragged down by sluggish services sectors in the BRIC quartet of big developing countries, a survey showed on Monday.

Lack of cyber security may cost world eco $3 trillion

Last Updated: Monday, January 20, 2014, 15:56

Failure to boost cyber security could cost the world economy a staggering USD 3 trillion as new regulations and approaches to deal with destructive attacks would stifle innovation, says a report.

World Economic News Summary

Last Updated: Wednesday, October 30, 2013, 18:55

The top world economic stories on Wednesday:

Shale gas, energy efficiency key to meeting global demands

Last Updated: Saturday, October 19, 2013, 13:44

Positive global trends in shale gas availability will not have an immediate impact on the world economy as the level of energy consumption is rising annually by about 20 per cent globally, experts say.

Changing China set to shake world economy, again

Last Updated: Wednesday, September 11, 2013, 17:42

Long after concerns about tightening U.S. monetary policy have faded, a more profound issue will still dog global policymakers: how to handle the second stage of China's economic revolution.

Global business activity up, contracts in BRIC countries

Last Updated: Tuesday, August 06, 2013, 09:23

JPMorgan's Global All-Industry Output Index, compiled with Markit, rose to 54.1 in July from June's 51.2, holding above the 50 threshold for growth for four years.

Cyber-crime costs up to $500 bn to world economy

Last Updated: Tuesday, July 23, 2013, 17:27

Cybercrime costs the global economy between a whopping USD 100 billion and USD 500 billion annually, according to a first-of-its-kind report quantifying the economic impact of malicious cyber activity.

G20 gets 'action plan' to fight tax avoidance

Last Updated: Friday, July 19, 2013, 23:35

The OECD presented G20 nations with a bold strategy on Friday to crack down on tax avoidance by corporate giants and the super rich, and so boost overstretched national budgets.