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#India becomes world's third-largest economy

India emerged as the world's third-largest economy in 2011 from being the 10th largest in 2005 in terms of purchasing power parity (PPP), according to a new study by the world's leading statistical agencies.

Read more: #India becomes world's third-largest economy

   

Nokia sells mobile phone unit to Microsoft

Nokia has announced the completion of the $7.5bn sale of its troubled mobile phone and services division to US-based Microsoft, ending a chapter in the former world leading phone maker's history that began with paper making in 1865.

Read more: Nokia sells mobile phone unit to Microsoft

   

G7 leaders agree on new Russia sanctions

US President Barack Obama and top European leaders are moving ahead on a new round of sanctions against Russia, US officials have said.

Read more: G7 leaders agree on new Russia sanctions

   

Marshall Islands sues nuclear powers

The Pacific nation of the Marshall Islands is taking on the United States and the other eight heavyweight nuclear-armed nations with an unprecedented lawsuit accusing them of "flagrant violations" of international law.

Read more: Marshall Islands sues nuclear powers

   

US delays Keystone XL pipeline decision

The US has delayed its decision on the Keystone XL oil pipeline from Canada by extending its review of the controversial project indefinitely, a move considered disappointing by the Canadian Prime Minister.

Read more: US delays Keystone XL pipeline decision

   

#Pakistan foreign exchange rise

Finance Minister Ishaq Dar said foreign exchange reserves of Pakistan stand at 11.67 billion dollar as foreign remittances witnessed 11.9 rise while the exports stand at 18 bln dollar with a 6 percent rise.

Read more: #Pakistan foreign exchange rise

   

China's economic growth slows to 18-month low

China's economy grew at its slowest pace in 18 months in the first quarter of 2014, official data showed, but authorities have ruled out major stimulus to fight short-term dips in growth.

Read more: China's economic growth slows to 18-month low

   

Three UK brokers charged over fixing Libor

Three former traders at ICAP, the world's largest inter-dealer broker, have appeared in a London court charged with running a four-year scheme to manipulate Libor benchmark interest rates.

Read more: Three UK brokers charged over fixing Libor

   

Governments warn of Heartbleed bug threat

The US government has warned banks and other businesses to be on alert for hackers seeking to steal data exposed by the "Heartbleed" bug, as a German programmer took responsibility for the widespread security crisis.

Read more: Governments warn of Heartbleed bug threat

   

US says G7 open to more Russia sanctions

The G7 includes the United States, Canada, France, Germany, Italy, Japan and Great Britain [AP]A group of the world's leading rich nations will support increasing sanctions against Russia if Moscow escalates the crisis in Ukraine, US Treasury Secretary Jack Lew has said.

Read more: US says G7 open to more Russia sanctions

   

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