Employees sew clothes at a garment factory in New Delhi September 29, 2014. REUTERS/Adnan Abidi/Files

India's GDP to grow 5.5 pct in FY15 - Reuters Poll

The latest Reuters poll of 20 economists taken over the past week shows Asia's third-largest economy will likely grow 5.5 percent this fiscal year and 6.4 percent the next, slightly better than 5.3 percent and 6.3 percent expected in the July poll.  Full Article 

Wal-Mart India appoints Murali Lanka operations chief 2:27pm IST

MUMBAI - Wal-Mart Stores Inc's India unit said it had appointed company veteran Murali Lanka to the newly created position of chief operations officer to lead store operations and business development in the world's second most populous country.

China's President Xi Jinping (R) meets with the guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing October 24, 2014.   REUTERS/Takaki Yajima/Pool
Global Economy

China launches World Bank rival in Asia

China launched the Asian Infrastructure Investment Bank in Beijing on Friday at a ceremony attended by Chinese finance minister Lou Jiwei and delegates from 21 countries including India, Thailand and Malaysia. The proposed $50 billion entity, seen as a challenge to the World Bank and Asian Development Bank, aims to give project loans to developing nations.   Full Article 

Picture taken from the official Facebook  page for the movie https://www.facebook.com/MargaritaWithAStraw

Dissolving hatred of homosexuals in India

Modern India is walking slowly towards a general acceptance of homosexuals and lesbians. Shonali Bose in her film, “Margarita, With a Straw,” tries to pick up the pace. The film, which won the NETPAC award at the Toronto Film Festival earlier this year, is about a teenager with cerebral palsy who is unabashed about her sexuality.  Read 

A makeshift memorial in honour of Cpl. Nathan Cirillo is seen in front of the National War Memorial in Ottawa October 23, 2014.  REUTERS/Chris Wattie
Canada Shooting

Security tight as Canada probes gunman's ties

Canada's capital faced a third day of heightened security on Friday as police searched for any clues that the man who shot and killed a soldier and charged into the parliament building had help in plotting his attack.  Full Article | Police say Ottawa gunman acted alone 

Liverpool's Mario Balotelli smiles during a training session at Anfield in Liverpool, northern England October 21, 2014.  REUTERS/Phil Noble

Why always me? Balotelli might have a point

When Mario Balotelli scored for his Manchester City side at the Old Trafford home of their bitter rivals three years ago, he lifted his sky blue shirt to reveal a message - 'Why Always Me?'.  Full Article 

Unemployed hairdresser and mother-of-three Yasmin Rubiano looks at documents at her flat in Madrid June 30, 2014.  REUTERS/Juan Medina

Why Madrid's poor fear private equity investors

Thousands of Spain’s poor now depend for their homes on the generosity of private equity investors including Goldman Sachs and Blackstone, who bought their rent-controlled flats last year, as they face demands for higher rent and threat of eviction.  Full Article 

Pro-democracy protesters brave heavy rains under a make-shift tent while blocking a main road at Mongkok shopping district in Hong Kong October 22, 2014.  REUTERS/Bobby Yip
Asia

HK protesters to vote on government proposals

Pro-democracy protesters in Hong Kong say they will hold a straw poll on government proposals they had rejected earlier in the week as the campaign in city entered the fifth week on Friday.  Full Article 

Britain's Queen Elizabeth presses a button to send her first Tweet during a visit to the 'Information Age' Exhibition at the Science Museum, in London October 24, 2014. REUTERS/Chris Jackson/Pool

Britain's Queen Elizabeth sends her first tweet

Britain's Queen Elizabeth made her first foray into the world of social media on Friday when she sent out her inaugural message on Twitter. "It is a pleasure to open the Information Age exhibition today at the @sciencemuseum and I hope people will enjoy visiting. Elizabeth R," the 88-year-old monarch tweeted.  Full Article 

Latest Headlines

Commodities

Peace Laureate's Call

Children's right activist Kailash Satyarthi laughs at his office in New Delhi October 10, 2014. REUTERS/Adnan Abidi

Spend less on arms, more on schools, says Nobel laureate Satyarthi

Countries around the world should cut their defence budgets and invest in education if child labour is to be eradicated, said Nobel laureate Kailash Satyarthi. Satyarthi founded the charity Bachpan Bachao Andolan (Save the Childhood Movement) in 1980 and has helped rescue over 80,000 children - many of whom were trafficked from poor rural villages.  Full Article 

John Lloyd

Lessons of Ebola: Unequal in life, unequal in death

Dr. Margaret Chan, who leads the WHO, sent her chief of staff to a WHO regional conference in Manila to spotlight something we rarely keep in our conscious mind and don’t, collectively, do much about: Inequalities can be a matter of ever-longer life, or a most miserable death: Inequalities can be a matter of ever-longer life, or a most miserable death.   Commentary 

Being the ‘indispensable nation’ is killing American democracy

Being the ‘indispensable nation’ is killing American democracy

America — proudly dubbed the “indispensable nation” by its national-security managers — is now the entangled nation enmeshed in conflicts across the globe. The indispensable nation is permanently engaged across the globe. But endless war undermines the Constitution.   Commentary 

Oil pumping machine.

Cheap oil is no tonic for Asian economies

Cheaper oil won’t be much of a tonic for Asian economies. While painful for exporters, sliding prices should benefit consumers of crude. For most in the region, though, less expensive oil is mainly a sign that growth is stalling. The big exceptions are India and Indonesia. For them, the price slide over the past 4 months translates into significant budgetary savings.  Full Article 

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