Crude oil price rises to $90 per barrel post Russia, Saudi announcement

Crude oil price rises to $90 per barrel post Russia, Saudi announcement

Moscow/Riyadh/London – The crude oil price has seen a jump after the leading countries of the oil sector, Russia and Saudi Arabia, announced to cut fuel production. On Tuesday, crude oil price crossed the $90 mark per barrel, the highest since November 2022. Analysts have estimated, on the backdrop of this increase, that crude oil […]

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Japan’s record defence expenditure endangering peace and stability – US analyst slams

Japan’s record defence expenditure endangering peace and stability – US analyst slams

Moscow/Washington: Highlighting the threat from China and North Korea, Japan’s Defence Ministry has demanded a record $53 billion in defence spending from the Parliament. Japan has increased its defence costs by a whopping 12 per cent compared to last year. However, due to this defence spending by Japan, the peace and stability of the Asia-Pacific […]

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China to import glacier-sourced water from Kyrgyzstan to overcome water shortage crisis

China to import glacier-sourced water from Kyrgyzstan to overcome water shortage crisis

Beijing/ Bishkek: In a report released last week, this concern was raised that 25 per cent of the world’s population, or two billion people, face a water scarcity crisis every year. Against the background of this report, news has come to the fore that China has started importing water directly from the neighbouring country to […]

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China’s financial recession will be dangerous for US economy – US Treasury Secretary warns

China’s financial recession will be dangerous for US economy – US Treasury Secretary warns

Las Vegas: ‘The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis either,’ US Treasury Secretary Janet Yellen warned. Just a few days ago, US President Joe Biden claimed that […]

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Property giant Country Garden’s losses indicate fresh real estate crisis in China – experts warn

Property giant Country Garden’s losses indicate fresh real estate crisis in China – experts warn

Beijing: China’s top real estate company ‘Country Garden’ has not paid interest dues on US dollar bonds. This information emerged as the company announced a seven billion-dollar loss in the first six months of 2023. The company has a total debt burden of $200 billion. Besides, it has surfaced that the company does not have […]

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The United States always prioritises its interests, says Russian Foreign Minister Sergey Lavrov

The United States always prioritises its interests, says Russian Foreign Minister Sergey Lavrov

Moscow: Russian Foreign Minister Sergey Lavrov said that the United States had prepared to impose sanctions on the Wagner Group fighting in favour of Russia in the Ukraine conflict. However, he added that the US delayed imposing sanctions on the company after Prigozhin, the head of the Wagner Group, revolted. Lavrov said that while Prigozhin […]

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South Korea & US push Korean Peninsula to brink of nuclear war – warns North Korean think tank

South Korea & US push Korean Peninsula to brink of nuclear war – warns North Korean think tank

Seoul: North Korean government-affiliated think tank has warned that the growing aggression of the US and the puppet government of South Korean President Yoon Suk Yeol has been putting the entire Korean region on the brink of a nuclear war. These countries have made preparations to gain control over North Korea. Besides, the United States […]

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China’s moves to increase influence in Central Asian countries due to Russia-Ukraine conflict – Central Asia Summit organised

China’s moves to increase influence in Central Asian countries due to Russia-Ukraine conflict  – Central Asia Summit organised

Beijing – As Russia remains preoccupied with the Ukraine conflict, China began moves to strengthen cooperation with Central Asian countries under Russian influence. China has organised a two-day summit of five Central Asian countries, including in-person and group meetings. The Russian news agency reported that Russian President Vladimir Putin had a phone conversation with the […]

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