India’s central bank signals truce with government
20 November 2018 |
11:19 am
India’s central bank signaled a compromise with the government by agreeing to study a demand for sharing a part of its capital. Mohan Guruswamy, a former finance ministry official and now chairman of the Centre for Policy Alternatives in New Delhi, weighs in with Haslinda Amin on "Bloomberg Markets: Asia."
Related
4 days ago
Flower Farm, nestled in the countryside of southern England, faces turmoil this winter as it contends with worker shortages that will leave it struggling to meet its Turkey orders this Christmas.
4 days ago
Less than a year since the EU and UK struck a post-Brexit deal, the sides are apparently preparing for a trade war. Tensions over the Northern Ireland Protocol have pushed things to the brink.
4 days ago
President Emmanuel Macron announces a plan worth 30 billion euros ($35 billion) to re-industrialise France, saying the country should reclaim its crown as a global leader in innovation. The spending was to address "a kind of growth deficit" for France brought on by insufficient investment in the past, he told an audience of company leaders and university students.
3 days ago
The European Commission is outlining a set of measures that would allow EU member states to keep fuel and electricity prices low.
1 day ago
Nigeria's dependence on crude oil makes its economy vulnerable. But the transition to an economy not based on oil won't be easy.
3 days ago
India invested heavily in Afghanistan's development projects after the 2001 US invasion of the country. It is unclear what impact the Taliban's return to power will have on these projects.
3 days ago
Officials are scrambling to help clear supply chain backlogs, with two of the US's largest ports operating 24 hours per day as traffic jams of container ships wait offshore. Also, the IMF unveils a new mechanism for rich countries to lend or donate to poor nations, and Hollywood braces for the biggest crew strike since the 1940s.
2 days ago
Turkish President Recep Tayyip Erdogan had fired three central bankers via decree. Turkey's currency has lost a fifth of its value against the US dollar this year.
2 days ago
Migrants and asylum-seekers in eastern Poland say they have been illegally pushed back to neighboring Belarus multiple times without due asylum process. DW reports on the humanitarian crisis from the border region.
1 day ago
Hundreds of truck drivers wait for dozens of ships to unload their containers in California as the White House announces that it will now work 24 hours a day in an attempt clear the backlog.
2 days ago
The family of former South African President Nelson Mandela is putting roughly 100 of his belongings up for auction to help fund a memorial garden in his honor, including some of his iconic shirts. It's the trademark clothing of an iconic leader and now Nelson Mandela's exuberant shirts are among around 100 of his possessions being put up for auction.
2 days ago
Taiwanese residents voice anguish and outrage after 46 people perished in an inferno that tore through a dilapidated housing block, as investigators searched for what sparked the island's deadliest fire in decades.
Latest
26 mins ago
Throughout the Middle East, sex education is slowly becoming less of a taboo. On social media, millions are daring to ask everything about "it."
1 hour ago
“If McDonald’s can do it for hamburgers, why can’t we do it for eye care?”, thought the founder of Aravind Eye Hospital in 1976. Five decades later, inspired by processes implemented by the fast food giant, the Indian hospital chain performs around 500,000 surgeries a year -- many for free. -- This story is being published to coincide with World Sight Day.
2 hours ago
The world has not yet been able to safeguard ecosystems that are key to the well-being of humanity, the United Nations biodiversity chief has said.
2 hours ago
Advocates have praised the award for drawing global attention to the Philippines' struggle for press freedom and human rights. It also marks the first time the prize has been handed to a journalist.
2 hours ago
A photo showing an obscene-looking children's slide has been going viral on Twitter with the accusation it was erected at a playground in a Paris school and putting Mayor Anne Hidalgo once again in the line of fire. In reality, the tweet was a joke, but the more it was shared, the more confusion it caused.
4 hours ago
Developers in Florida have begun building the world's first pandemic-ready skyscraper, which will integrate the Miami Worldcenter complex. With a price tag of $500-million, the Legacy Tower is planned to contain 310 luxurious residences, 219 hotel rooms and 10-floors of medical facilities - featuring bacteria-killing robots, touchless technology and modern air purification systems which developers hope will protect residents against future pandemics.