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Latest news about the state of the world economy.
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China to Put Consumption Growth at Centre of Economic Reforms
Beijing has outlined plans to shift its economy away from reliance on investment and exports by boosting domestic demand, as the ruling Communist Party attempts to introduce painful reforms...
Microsoft Fined $730m for Breaching EU Anti-trust Agreement
The European Commission on Wednesday fined U.S. giant Microsoft 561 million euros ($732 million) for failing to provide consumers with a choice of Internet browser, as it had promised...
Infographic: How Will Climate Change Impact Us?
Is climate change and global warming a threat for our generation or is it a challenge only for future generations? The answer is plain to see, as the extreme...
US Leaders Urge Congress to Ratify IMF Voting Reforms
The Obama administration has asked U.S. lawmakers to approve an increase in the United States’ contribution to the International Monetary Fund, as well as changes to the voting process...
CNPC Readying $40 Billion Investment In US Shale: Report
China’s largest oil firm, the state-owned China National Petroleum Corp (CNPC), could purchase its first U.S. shale asset this year, according to Bloomberg on Wednesday, after the company set...
China Agrees With US On North Korea Sanctions
The United States and China have reached an agreement for a new round of “tough” sanctions against North Korea, underlining Beijing’s deepening frustrations with Pyongyang after a third nuclear...
US Calls for Ban on Drunk Diplomats at UN Meetings
The United States has called for drunk diplomats to be barred from United Nations meetings, proposing that negotiation rooms “should in future be an inebriation-free zone”. Speaking at the...
West Could Lose Business to China Because of Colonial Attitudes, Says Zuma
South Africa’s President Jacob Zuma has warned the West that it needs to change its “colonial” approach towards Africa or risk losing to competition from China and other developing...
Shell May Shut Nigerian Oil Pipeline After “Unprecedented” Levels Of Thefts
Royal Dutch Shell’s Nigerian division has warned that it may permanently shut down a 150,000 barrels per day pipeline along the Niger Delta, after complaining that it was losing...
China Surpasses US As World’s Top Oil Importer
China has provisionally overtaken the U.S. as the world’s largest net importer of oil, said the Financial Times on Tuesday, after the U.S. posted its lowest import figures since...


