Economy News

Summer budget 2015: Anti-Austerity protesters hold die-in outside parliament

The Peoples Assembly against Austerity held a die-in on 8 July outside parliament, just hours after Chancellor George Osborne presented his summer budget, the first solely Conservative budget in 20 years.

Jul 9, 2015

Hiring Activity of Indian Companies Up 11% in June

The maximum increase was recorded in accounting/finance.

Jul 9, 2015

Indian Business Dreads Lifting of Iran Sanctions

Sort-term pain looms for oil buyers and banks that benefited from sanctions-related payment delays.

Jul 9, 2015

Greece Debt: IMF will not Bend Rules

Without emergency assistance, Greece seems to head to default, largely increasing the risk of exit from the Eurozone.

Jul 9, 2015

William Keegan: Osbornes Victorian budget is an assault on the poor

IBTimes UK economics commentator William Keegan gave his view on Osbornes first all-Tory budget.

Jul 8, 2015

Donald Tusk: No agreement on Greece will affect all of Europe

Euro zone countries have given Greece until 12 July to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europes currency bloc and into economic ruin.

Jul 8, 2015

India to Roll out ₹1.2 Lakh Crore Food Welfare Plan by December

After missing several deadlines, only 11 states could introduce the plan and the rest sought more time.

Jul 8, 2015

Summer budget 2015: Everything you need to know in 90 seconds

IBTimes UK explains what you need to know about George Osbornes first all-Tory budget.

Jul 7, 2015

Oil Prices Plunge Amid Greek Worries

Analysts said the "NO" vote increases the likelihood that Greece may eventually exit the Eurozone and add uncertainty of European economy.

Jul 7, 2015

Greece ‘No vote means 70-80% chance of a Grexit

Shares across Europe fell by almost 2% on 6 July after Greeks overwhelmingly rejected conditions of a rescue package from its creditors.

Jul 6, 2015

Grexit, banking collapse or a new EU deal: What next for Greece in 90 seconds

IBTimes UK explains what impact could a No vote have on both Greece and Europe

Jul 6, 2015

Government Monitoring Greece Crisis; Says It May Hit India Indirectly

Chief Economic Advisor Arvind Subramanian said Greece Crisis is a "drama which is going to play out for sometime".

Jul 6, 2015

Greece voters give a resounding No to creditors austerity plans

Eurozone leaders have had to learn a new Greek word – Oxi, meaning No – after the countrys voters delivered a resounding snub to its creditors cash-for-reforms bailout proposals.

Jul 6, 2015