Mayank Kumar

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Oil Prices Slip on Output Freeze Doubts

Oil prices eased on Tuesday, eroding some of the previous day's gains, over doubts a potential production freeze will have any impact on the existing global overhang of unwanted crude.<p>Big oil exporters Saudi Arabia and Russia have proposed to freeze output at January levels, which were near record …

Africa’s forests 'threatened by palm oil rush'

Greenpeace France warns that tropical forests could be lost to a palm oil bonanza that has already razed millions of hectares of south-east Asia<p>Africa’s tropical forests are threatened by a palm oil bonanza that has already razed millions of old-growth hectares in south-east Asia, Greenpeace France …

EU referendum: Top firms back pro-EU letter, but supermarkets refuse to sign

EasyJet, Shell, BAE Systems, BT and Diageo bosses sign anti-Brexit letter but Sainsbury’s, Morrisons and Tesco stay neutral<p>The bosses of some of Britain’s top companies, including budget airline easyJet, defence contractor BAE Systems and oil group Shell, have signed a letter in support of the UK …

A Better Britain Outside the EU

Brexit—a British exit from the European Union—would give the U.K. self-determination and free it from the dysfunctional European project<p>Margaret Thatcher predicted that it would end in tears. She described “the drive to create a European superstate” as “perhaps the greatest folly of the modern …

European Union

Exclusive - Sahara uses small savers to keep Aamby Valley afloat

MUMBAI (Reuters) - Embattled Sahara conglomerate has been funnelling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed.<p>A man pedals his rickshaw past Sahara India Complex building in Noida on the outskirts of New …

Swiss investigators say US$4bn stolen from Malaysian state-owned companies

‘A small portion’ of cash was transferred into Swiss accounts held by former Malaysian officials as well as officials from UAE, says Swiss attorney general<p>Swiss prosecutors on Friday requested assistance from Malaysian authorities in investigating massive theft from a state-owned firm at the centre …

Corruption

What markets are really worried about

<b>It has been a dismal start to the year for global stock markets.</b><p>For Wall Street the first week has been described as the worst start ever.<p>In the first two weeks of 2016, Frankfurt and Tokyo fell by double-digit percentages. In New York the fall was 9%, in London 8%.<p>But the eye of the storm was …

HSBC: Here's why the US dollar will weaken in 2016

That's the non-consensus view from HSBC's FX strategy team, led by David Bloom, who believe that the USD dollar rally will not only stall in 2016 but that there "are grounds to anticipate weakness".<p>The premise of their call is based off three key factors: the US Federal Reserve's rate tightening …

Energy Shares Lead Broad Stock Rally

Dow industrials notch biggest one-day gain of 2016<p>Investors got a reprieve from the early-year drubbing in stocks Thursday, as some of the most beaten-down corners of the market carved out sharp gains.<p>The Dow Jones Industrial Average notched its biggest one-day gain of the year, rising 227.64 …

Dow Jones

Capitalism under the spotlight: six must-read books

From 1970s sci-fi to modern-day India via postcapitalism and work slaves, check out our recommended reading for the coming year<p>Capitalism took a bashing in 2015: Corbynomics, the rise of anti-austerity parties Podemos and Syriza, Hillary Clinton slamming our culture of short-termism, COP21 protests …

Hillary Clinton

The US economy may be stalling out

If the trend continues, stocks could weaken as the calendar flips into 2016.<p>Just look at the recent data.<p>The Dallas Fed's Manufacturing Activity index dropped to its lowest reading since May, dragged down by a decline in new orders. Ongoing weakness in manufacturing underscored a 0.4 percent drop …

Economic Data

India’s middle class is actually the world’s poor

Virtually the entire discussion among economists on defining the middle class in “emerging economies” pertains to levels of consumption expenditure or income. No doubt, income is a relevant indicator, but not when taken in isolation.<p>None of them attempt to base the definition on the concerned …

Seven big investment banks in Britain paid either little or no corporation tax in 2014

In recent months, the seven investment and corporate banks operating in London reported figures showing they paid a combined $31 million (£21 million) in corporation tax in 2014. Between them the banks generated revenues of $31 billion in the UK, profits of $5.3 billion and employed 33,000 …

Here's How Many Kickstarter Projects End Up Failing

Kickstarter has become a go-to destination for inventors and creatives to crowdfund their projects. But a consistent criticism of the platform is how …

Chef Massimo Bottura on Why the Future of Food is in Our Trash

For the legendary Italian restaurateur, the key to ending hunger is rethinking what we throw away<p>WHEN I THINK ABOUT THE FUTURE of restaurants—what chefs will be cooking in the years to come—the first thing that comes to mind is garbage: day-old bread, potato peels, fish bones, wilted vegetables. We …

United Nations

Paralysed Opec pleads for allies as oil price crumbles

The cartel is no longer able to steer prices and risks going the way of the Texas Railroad Commission. The oil market has become a jungle<p>The Opec cartel is to continue flooding the world with crude oil despite a chronic glut and the desperate plight of its own members, demanding that Russia, …

The Crisis of World Order

After Paris, Islamic State’s rise and Syria’s agony are shaking a weakened Europe—and the international system. Can the U.S. summon the resolve to respond?<p>For several years, President Barack Obama has operated under a set of assumptions about the Middle East: First, there could be no return of U.S. …

Middle East

The New York Times' bizarre story on Osama bin Laden's death

<b>(CNN) —</b> The New York Times is the greatest newspaper in the world, so when the current cover story in the Times magazine is headlined, "What Do We Really Know about Osama bin Laden's Death?," readers are surely going to pay attention.<p>The story was of particular interest because we actually know a …

The real cost of disrupting Parliament

The 16th Lok Sabha seems to be following the pattern of the previous one. The first four sessions of the last Parliament went relatively smoothly. …

Net Neutrality debate: Facebook’s Internet.org has privacy, security issues

Facebook's Internet.org will continue to face criticism, and for reasons around privacy and security, despite what the company says.<p>Written by | …

Net Neutrality

Gorilla Glass 4 shouldn't shatter when you drop your phone

Plenty of mobile device screens can easily resist minor cracks and scratches, but let's be honest -- those aren't the biggest problems. No, the <i>real</i> crisis comes when you drop your phone and the display shatters into many pieces. Thankfully, Corning is tackling that accident-related damage in …

This e-ink watch can change its design at the touch of a button

It's not like we haven't seen e-ink watches before, but we've never seen one quite like this. FES Watch uses e-paper not only for its face, but its entire strap, allowing the wearer to change its design with a simple button press. By combining different upper- and lower-strap choices with a variety …