Gold reserves of the world are depleting, warns leading industrialists

Gold reserves of the world are depleting, warns leading industrialists

Cape Town: ‘Gold Reserves in the world are now depleting and there is no alternative available,’ warned Nick Holland, the CEO of Gold Fields, the Gold mining company from South Africa. The demand for gold is increasing because of the instability and uncertainty prevailing at the global level. In this scenario, the warning by Holland […]

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China lures the Arab countries with $ 23 billion in loans

China lures the Arab countries with $ 23 billion in loans

Beijing: Chinese President Xi Jinping has announced a financial aid of $ 23 billion to 20 Arab countries from the Middle East and Africa. The whole world is talking about how China is trying to entice all the countries around the world into debt using its financial strength. On this background, it is being alleged […]

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US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

Washington/Riyadh: President Trump has warned the leading countries in OPEC, the association of the oil producing countries, that if they do not take proper measures to reduce oil prices, the United States will not be responsible for their safety. Only last week, President Trump had made a sensational claim that King Salman of Saudi Arabia […]

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India sends a positive message to China by reducing import taxes on Chinese goods

India sends a positive message to China by reducing import taxes on Chinese goods

New Delhi:  India has substantially reduced import tariffs on 3142 goods imported from China and four other Asian Countries. Only last week, China had reduced import tariffs on 8549 goods imported from Asian countries including India. These included agricultural produce, medical items and chemicals imported from India. China had expressed an expectation that India should […]

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Russia sells more than 50% of its US bonds in an attempt to devalue the US dollar

Russia sells more than 50% of its US bonds in an attempt to devalue the US dollar

Moscow/Washington: Information has surfaced that Russia has sold US bonds worth about $47 billion in the month of April. This information has been received from the statistics published by the US department of treasury. Considering the consistent sanctions being imposed by the United States on the Russian economy, this sale of US bonds by Russia […]

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East and southern African countries debate accepting Chinese Yuan as reserve currency at the conference in Zimbabwe

East and southern African countries debate accepting Chinese Yuan as reserve currency at the conference in Zimbabwe

Harare: Influence and scope of the Chinese Yuan which was accepted as a global ‘Reserve Currency’ by the International Monetary Fund two years ago, is on the rise. In an economic conference held in Africa on Monday, there were comprehensive discussions about officially accepting Yuan as a Reserve Currency. A few African countries including Angola, […]

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More than 70 nations unite against terror financing in Paris

More than 70 nations unite against terror financing in Paris

Paris: 70 countries have united against the funding that terrorist organisations like IS and Al-Qaeda receives. In a meeting held in Paris, last week, French President Emmanuel Macron had warned that many countries in the world are supporting terror-linked activites directly or indirectly through the organisations associated with terrorism and it is necessary to take […]

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Abandoning Dollar and Euro, Russia and China should start using local currency, demand Chinese Industrialists

Abandoning Dollar and Euro, Russia and China should start using local currency, demand Chinese Industrialists

Shanghai: “The sanctions imposed by the United States and Europe have created an opportunity for Russia and China to strengthen their mutual economic cooperation and that both the countries should use the local currency for mutual trade,” demand Chinese industrialists. This statement was made in the ‘Valdai Discussion Club’ meeting in Shanghai. Russia being the […]

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‘Alexandre de Rothschild’ is the new Chairman of the ‘Franco-British Investment Bank’

‘Alexandre de Rothschild’ is the new Chairman of the ‘Franco-British Investment Bank’

Landon: Alexandre de Rothschild will be the new chairman of the ‘Franco-British Investment Bank’, established in 1838. He will be taking over as the Chairman as a successor to his father, David Rothschild. This change of guard was being planned for a long time, said David Rothschild. The Rothschild family is connected with the banking […]

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