Global energy subsidies to hit $5.3 tn this year: IMF

The International Monetary Fund voiced alarm Monday about energy subsidies across the world, saying they were expected to reach $5.3 trillion in 2015, more than government health spending.

India's TCS yearly profits muted on FX volatility

India's biggest outsourcing firm Tata Consultancy Services Thursday reported only a marginal rise in its earnings for the just-ended financial year citing volatile currency markets and a sluggish global economy.

How to pay the real costs of energy use

An old proverb says, "Take what you want and pay for it." That's really the message of a new book, "Getting Energy Prices Right: From Principle to Practice," published in July by the International Monetary Fund (IMF). The ...

Study reveals economic impact of El Nino

(Phys.org) —El Niño has a significant impact on the world and local economies - and not always for the worst - and countries should plan ahead to mitigate its effects, according to a new Working Paper from the University ...

Delays hang over Pakistan 3G lifeline

Pakistan's cash-strapped government has promised to sell 3G mobile telephone licences to raise revenue, match regional rivals and drive prosperity, but the process has been beset by delays.

Anonymous hacks Argentina data agency

Hacker group Anonymous blocked the official website of Argentina's National Institute of Statistics and Census amid an international stand-off over claims the country has lied about its economy.

US holiday season online spending climbs

Industry tracker comScore on Thursday reported that US shoppers spent a total of $42.3 billion online during the year-end holiday season—a 14 percent jump from the same period in 2011.

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