China will lose 5.5 million jobs due to the trade war with the US, claim economists

China will lose 5.5 million jobs due to the trade war with the US, claim economists

Washington/Beijing: China will lose out about 5.5 million jobs due to the trade war initiated by US President, Donald Trump, 5.5 million Chinese jobs will be lost, was the sensational claim made by the economists at JP Morgan Chase. Since the last two months, reports of partial collapses in the Chinese economy were being received […]

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China to take over Zambian Airport and its electricity company, after defaulting on loan repayment

China to take over Zambian Airport and its electricity company, after defaulting on loan repayment

Beijing: Zambia is on the verge of becoming the first victim to the Chinese ambition of acquiring the property, infrastructure and natural resources by tightening the noose of huge debts. The Chinese decisions to acquire the Gwadar port in Pakistan and Hambantota port in Sri Lanka against huge loans came under severe criticism from the […]

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Turkish President appeals to stop use of the US Dollar for trade and investment

Turkish President appeals to stop use of the US Dollar  for trade and investment

Bishkek: ‘The United States is acting like a wild wolf. We cannot trust it,’ said Turkish President, Recep Erdogan, while appealing to discontinue the use of the US dollar for trade and investment. Turkey will not use the US dollar while dealing with other countries and it has already proposed the same to other countries, […]

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PM Narendra Modi inaugurates India Post Payment Bank; postman to deliver doorstep banking services

PM Narendra Modi inaugurates India Post Payment Bank; postman to deliver doorstep banking services

New Delhi: “We have heard song ‘Dakiya dak laya’. From now, along with dakiya dak laaya, dakiya bank bhi laaya. Many thought technology had threatened the existence of the postal department and that postmen would lose their livelihood. The growing pace of technology in communication threw a challenge. We used technology as a base to […]

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Argentina demands financial aid of $50 billion from the IMF

Argentina demands financial aid of $50 billion from the IMF

Buenos Aires: While the economies of the Latin American countries like Venezuela and Brazil are receiving shocks, dark clouds seem to be hovering over the Argentinian economy too. The Argentinian currency, Peso declined by about 7% on Wednesday and the warnings of this decline in the growth rate by 1% are being issued. Against this […]

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Europe working on payment system alternative to US dominated SWIFT & IMF, claims German FM Heiko Maas

Europe working on payment system alternative to US dominated SWIFT & IMF, claims German FM Heiko Maas

Berlin: The internationally accepted secure and reliable systems SWIFT and International Monetary Fund (IMF) are both dominated by the United States. To end this United States domination of the financial systems, European countries are trying to develop alternative systems for SWIFT and Monetary Fund, claimed German Finance Minister Heiko Maas. Even last week, while speaking […]

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China is secretly adding to its Gold reserves, claim analysts

China is secretly adding to its Gold reserves, claim analysts

Washington: While Russia, Turkey and the European countries are increasing their Gold reserves, the silence maintained by China about its Gold reserves seems to be suspicious, as per claims. Over the last two years, China has not declared the status of its Gold reserves.  At the same time, a Goldmine having the largest Gold reserves […]

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Repercussions of the Turkey-US economic war will be felt globally, warn economists

Repercussions of the Turkey-US economic war will be felt globally, warn economists

Ankara: Turkey has decided to retaliate against the taxes imposed on Turkish exports to the United States, in the same manner. The Turkish Vice President announced a big increase in the taxes on the imports from the United States. These include the cars, tobacco and other products. At the same time, the economists have warned […]

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Possibility of a huge cyber-attack on ATMs all over the world in the next few days

Possibility of a huge cyber-attack on ATMs all over the world in the next few days

Washington: The US investigation agency has issued a serious warning saying that ATMs all over the world might face a huge cyber-attack in the next few days and US dollars worth millions will be stolen. The “Federal Bureau of Investigation” has published an alert in which it has warned that cyber-criminals from all over the […]

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