Tag Archives: world’s

California’s economy passes UK’s to become world’s fifth biggest

People visit Santa Monica beach in Los Angeles county. Photograph: Greg Balfour Evans / Alamy/Alamy California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public on Friday. Despite having a population of only 40 million compared with the UK’s 65 million people, California’s gross domestic product of $2.7tn ... Read More »

Asia has been the world’s economic miracle. Three countries are threatening that

A territoriality aggressive China, North Korea’s nuclear hostility and a chaotic White House under President Donald Trump are key factors that could derail Asia’s steady economic growth. KCNA | Reuters People participate in a Pyongyang city mass rally held at Kim Il Sung Square on August 9, 2017, to fully support the statement of the Democratic People’s Republic of Korea (DPRK) government. The continent largely ... Read More »

Caution pervades at four of world’s top central banks

It is a sign of the caution that permeates the global economic outlook when four of the world’s top central banks, all due to meet within days of each other, are almost unanimously expected to make no change to their extraordinary stimulus programs. While the U.S. Federal Reserve, Bank of England, Swiss National Bank and the Bank of Japan are ... Read More »

Nooyi, Nadella among world’s highest paid CEOs

8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole As many as three Indian origin persons have been named among 100 highest-paid CEOs globally with PepsiCo’s Indra Nooyi and LyondellBasell’s Bhavesh Patel making it to the top ten list compiled by Equilar. Chemicals company LyondellBasell Industries’ top executive ... Read More »

India world’s largest recipient of remittances in 2015: World Bank

India remained the world’s largest recipient of remittancesfrom abroad in 2015, despite a $1 billion drop from the previous year, the first such decline since 2009, the World Bank said on Thursday. It attributed the decline to the impact of falling oil prices on remittances from the Gulf countries and depreciation of major sending country currencies. In 2015, the country ... Read More »

Singapore ‘still world’s most expensive city’

Singapore has again been judged as the world’s most expensive city but costs across the world have been highly volatile, according to researchers. The Economist Intelligence Unit (EIU) ranked Singapore as the priciest ahead of Zurich, Hong Kong, Geneva and Paris. London was sixth and New York seventh on the list that compares the cost of a basket of goods ... Read More »