Expect a popular backlash if the government raises diesel prices to halt the subsidy drain on its finances - not only from the millions of poor who need cheap fuel but from increasing numbers of the well-off and businesses who don't.
Asian markets were mixed Thursday as investors maintained a watchful mode awaiting monetary easing measures from policymakers around the world to tackle the weakening of the global economic growth.
U.S. industrial output expanded last month at the fastest pace since April and manufacturing notched another solid advance, hinting at underlying resilience in an economy that has struggled to establish momentum.
India's Prime Minister Manmohan Singh Wednesday said that the country was unable to create an environment for rapid economic growth due to lack of political consensus and promised to work hard to shield the country from the effects of global economic slowdown.
India Wednesday celebrated its 66th Independence Day with gaiety and fervor. The celebrations were held in offices, colleges and schools across the country with cultural programs.
Most of the European markets fell Wednesday as investors were losing optimism on policymakers announcing stimulus measures to rejuvenate the weakening euro zone.
A mix of luxury brands and discounters reported quarterly earnings that topped expectations, results that underscored a broader report showing U.S. retail sales broke three consecutive months of declining growth in July as consumers regained some semblance of confidence this summer.
Are Tunisian women "complementary to men?" A new draft constitution says as much, but thousands of demonstrators disagree.
The Obama campaign is warning that newly-minted vice presidential candidate Paul Ryan's Medicare proposal will "end Medicare as we know it." Mitt Romney has vowed to shield Medicare from what he calls a ruinous cutbacks imposed by the Affordable Care Act. Which campaign is being accurate?
Most of the European markets rose Tuesday as investors were hopeful that the ECB will soon announce stimulus measures as the GDP data from Germany and France indicate that the euro zone economy continues to falter.
As India gets ready to celebrate its 66th Independence Day August 15, it appears to be no time to rejoice with its economy faltering as a result of the global economic slowdown and weak governance.
Asian shares steadied Tuesday with investors staying sidelined ahead of more figures from Europe and the United States later in the day, after recent data showed the euro zone's debt woes were eroding business activity globally.
Singapore's population can't keep up with its productivity. Can the government do anything to get some more buns in the oven?
U.S. stock index futures point to a lower open Monday as investor confidence was dragged down by concerns about the weakening of the global economy following the fragile gross domestic product growth in Japan in the second quarter.
Middle-earth, the land of hobbits, may be mythical, but so too is New Zealand. The only difference is you can visit the latter.
Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday.
China reported a trade surplus of $25.1 billion in July amid slower-than-expected growth in exports and imports, raising the concern that the world's second largest economy isn't doing enough to stimulate the economy and avert a slowdown.
Kenya has thrown in a bid, along with Egypt and South Africa, to be the first African nation to host the Olympics in 2024. But the Kenyan economy might not be able to handle the financial burden.
In 2010, fifteen Nepali servants committed suicide in Lebanon due to gross abuses.
Japanese Prime Minister Yoshihiko Noda survived a no-confidence vote on Thursday, spurred by his proposal to double the consumption tax to 10 percent, in the latest example of a political gridlock that is risking a credit downgrade.
The U.S. trade deficit in June was the smallest in 1-1/2 years as lower oil prices curbed imports, according to government data on Thursday that suggested an upward revision to second-quarter growth.
India's industrial output growth fell in June to 1.8 percent against the analysts' expectation of a 1 percent growth, as compared to the same period a year ago.
