The criminal business is one of the top 20 economies in the world, a senior United Nations official has said. Globally, crime generates approximately $2.1 trillionannually, which is about 3.6% of world's gross domestic product, Yury Fedotov, the head of the UN Office on Drugs and Crime, said at a news conference.
US President Barack Obama has announced plans to impose sanctions against foreign entities and individuals who help authoritarian regimes use technology to crack down on dissidents, an administration official said.
IIT-Mumbai will be part of a consortium of world class academic institutions that have been selected to set up an applied sciences campus in Brooklyn, under an initiative to strengthen the city's global competitiveness in the field of science and engineering.

The US is supportive of India's efforts to close missile gap with China and is comfortable with the progress being made by New Delhi in this regard, a Washington-based think tank has said.
Investigations into the Colombian prostitutes scandal have revealed that one Secret Service agent took a woman to the Hotel Hilton in Cartagena, Colombia, five days before President Obama's arrival.
Finance minister Pranab Mukherjee on Friday sought to address America's concerns about the proposed India tax law amendment, calling them "misapprehensions".
A first-grader girl from Pennsylvania who doesn’t have hands has won a penmanship competition.

An Indian graduate student, K Seshadri Rao, pursuing management studies in Boston University in the United States was shot dead on Thursday night. The Boston police are yet to ascertain if the murder was racially motivated. HT reports.
The United States has said that its first Political-Military dialogue with India in six years had covered a wide range of bilateral and regional issues.
New state laws designed to fight voter fraud could reduce the number of Americans signing up to vote in this year's presidential election by hundreds of thousands, a potential problem for President Barack Obama's re-election bid.
Pakistan has kept the “best” of its forces on the “Kashmir border” instead of deploying them on its Afghan border, a top American senator has said, asserting that Islamabad cannot use Kashmir as an “excuse” to not act against terrorist safe havens.
The objects displayed in the US state of Michigan's newest museum range from the ordinary, such as simple ashtrays and fishing lures, to the grotesque, a full-size replica of a lynching tree.
The US Secret Service – responsible for the protection of the President – has removed three of its personnel, who were allegedly involved in a sex scandal in Columbia.
Former US Republican presidential candidate John McCain has said the Kashmir dispute was not an excuse for Pakistan to not break ties with the Haqqani network, held responsible for recent coordinated attacks across Afghanistan
Describing India's non-proliferation record as "solid", the US refused to express any concern on the country's nuclear-capable Inter-Continental Ballistic Missile launch, which was successfully test fired today.