Both the Asian giants were among the top three countries spending more on armaments, according to a new report by the Stockholm International Peace Research Institute.
Artificial Intelligence will create 2.3 million machine learning jobs by 2020.
Cristiano Ronaldo's inspirational form at Euro 2012 has boosted flagging Portuguese self-confidence during a tough time for the country which is struggling to cope with massive debt and painful austerity measures.
Chief Minister MK Stalin has shown that he is cut from a different cloth when it comes to embracing what is current, modern and absolutely necessary. Thus, even while retaining the spirit and content of the pan-Tamil, Dravidian socio-political and socio-economic ideology to the 't', his government has also acknowledged the need to accepting scientifically-proven facts in operational matters, says N Sathiya Moorthy.
'Without reviving employment, consumer confidence will not go up.'
'Prime Minister Modi stated several times that we shall not let this challenge go away without converting it into an opportunity to undertake systemic reforms.' 'And hasn't that been reiterated in action?'
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
A brothel and a funeral home have become the newest benefactors of two cash-strapped Greek soccer clubs struggling to survive the country's economic crisis.
The government has to make up its mind. Mere articulation of a desire to take tough measures is not enough. It needs to implement those measures and prevent the adverse consequences of a higher fiscal deficit.
He alleged that the people of Madhya Pradesh were 'befooled' by the saffron party as there was no council of ministers or a health or home minister in place in the state amid the crisis due to the coronavirus outbreak.
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.
Immigrants from five countries -- India, Bolivia, Lebanon, Sudan and Ghana -- stood in a line during the ceremony in the White House.
The economic recovery is faltering and even the fast growing emerging markets are slowing down, says Prime Minister Manmohan Singh.
In an open letter to Congress chief Sonia Gandhi senior analyst B Raman says that the credibility of the Manmohan Singh government is withering and what the nation needs is a psychological turnaround.
India's gross domestic product growth has slumped to 6.5 per cent in 2011-12, the lowest in the last nine years.
When a technology change happens its universal and so is the impact.
"Antonio Borges, director of the International Monetary Fund's European Department, has notified IMF managing director Christine Lagarde of his intention to leave the Fund for personal reasons," the IMF said in a statement on Wednesday.
If the first quarter results are anything to go by, the hospitality industry may have to face gloomier times ahead.
The transcript of a rediff chat with M K Venu, managing editor of Financial Express newspaper.
Two days from the start of the Olympics, former British Prime Minister Tony Blair has defended his decision to deliver the games to London, maintaining on Wednesday that the event will be value for money as austerity hits other public projects.
In India, total employment grew by only 0.1 per cent yearly over the five years till 2009-10, says the report, "from 457.9 million in 2004-05 to 458.4 mn in 2009-10, while labour productivity grew 34 per cent over this period".
She charged the government with profiteering at the expense of the people, saying its duty was to help them in times of crisis and not make profits out of their hard-earned money.
Eurozone crisis has hit the India-France bilateral trade and achieving the USD 12 billion target (of the trade) would be difficult this year, French Ambassador to India, Francois Richier, said.
India's finance minister Pranab Mukherjee is all set to become the next President of the country.
Prime Minister Manmohan Singh on Saturday asked European countries to take firm steps to fix the continent's financial mess, which was hitting India's economic growth and dampening global markets.
The rupee on Thursday lost 25 paise to 55.72 against the US dollar in early trade at the InterbankForeign Exchange market as the American currency gained strength against other currencies overseas.
TCS delivered the best all-round performance, while Infosys and Wipro were dragged down by problems plaguing their restructuring initiatives.
In a wide-ranging interview with Business Standard, the professor with Columbia University says economic power is already shifting to emerging market economies.
Unveiling an election agenda that is literally out of this world, leading Republican White House hopeful Newt Gingrich has promised to build a permanent American base on the moon, an idea termed by his rivals as a wild dream and unaffordable for a country experiencing one of its worst economic crisis.
A whitepaper released by the Chinese government gave a lengthy explanation to refute the allegations of cover up and delay by Beijing on reporting the COVID-19 outbreak last year in Wuhan. United States President Donald Trump and leaders of several countries have accused China of not being transparent in reporting the deadly disease, leading to huge human casualties and economic crisis across the world.
As advanced economies continue to be consumed by the tailback of the economic crisis that struck in 2008, the germ of an alternative model of economic growth seemed to be emerging on the anvil of the BRICS regional grouping that held its fourth summit in Delhi here on Thursday.
Even as the deficits on fiscal and current account fronts have been building up, it is highly unlikely that the country could witness the repeat of the 1991 economic crisis that was caused by similar factors, said Duvvuri Subbarao, Governor of the Reserve Bank of India (RBI) on Thursday.
The United States Citizenship and Immigration Services has announced that it has reached the cap on Congressionally mandated 65,000 H-1B work visas, the most sought after by Indian professionals.
With exports on a downturn due to the economic crisis battering major markets in the US and EU, China has said it will turn to developing countries to sustain its foreign trade-dependent economic growth.
European countries have the necessary resources and capabilities to deal with the current economic crisis that has engulfed them, the White House said.
Prime Minister Manmohan Singh arrived in New Delhi today after a four-day trip to Italy where he attended a summit of G-8 and G-5 leaders.
Prime Minister Manmohan Singh on Thursday embarked on a four-day visit to Indonesia and Singapore with an aim of bolstering partnership with East Asia at a time when the United States and Europe are going through economic crisis.
The effort made to define the larger picture by focussing on history and the wish not turn differences into disputes and conflicts is welcome. In the obtaining circumstances today, nothing more could have been possible, observes Ambassador T P Sreenivasan.
The mother-in-law of Formula One chief Bernie Ecclestone has been kidnapped in Sao Paulo and criminals are demanding 120 million reais ($36.5 million) in ransom, according to reports in a leading Brazilian news magazine.
The budget is evidence that we have no strategic plans to successfully compete in the evolving world. If this government were running a business, the board would fire it without a second thought, says Sonali Ranade
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