Washington: Tesla Inc., makers of only electric cars since the last 12 years, has jumped to number 2 in the automobile sector companies. Tesla Inc. Shares registered an increase of 4%, in the transactions on Wednesday, taking the company’ market capitalisation above $100 billion. Tesla Inc. is the first electric car maker to reach this […]
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Washington: International Monetary Fund (IMF) warned that if corrective measures are not taken regarding the increasing disparity between the rich and poor, there is a looming threat of ‘The Great Depression revisiting the global economy, like the decades of 1920 and 1930. The chief of the IMF warned that credit policies of the countries can […]
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London/Tokyo: Claims that Digital currency or Cryptocurrency is the future, are being made consistently. The Central banks, who form a major portion of the global economy, have started taking these claims seriously. Over the last year, many central banks have given indications regarding digital currency. Taking the same issue forward, leading central banks of the […]
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Washington/Tehran: The killing of Qassem Soleimani and the subsequent threats exchanged by the United States and Iran have caused the rates of Crude oil and Gold to skyrocket, in the international markets. Crude oil rates jumped by more than 2% recording a rate of $70 per barrel. The Gold rate reached its highest in seven […]
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Washington: Experts in the technology and Finance sectors claimed that many jobs and employment opportunities, in the finance sector, have started disappearing because of the use of ‘Artificial Intelligence’ (AI) and the trend will continue. This claim was made in the Congressional hearing and Professor Marcos Prado warned that 6.1 million jobs in the finance, […]
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Washington/Beijing: US President Donald Trump issued a stern warning to the world bank saying that China has enormous amounts of funds and even if it does not, it will create it; therefore, under any circumstances, the world bank should not fund China. Only a few days ago, the world bank decided to provide billions of […]
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Warsaw/London: Poland, an important country and a leading economy in Europe, repatriated 100 tonnes of gold. The Polish central bank, ‘National Bank of Poland’ informed that this step has been taken to increase the capacity of the national economy. But the analysts have claimed that the crucial factors behind this repatriation are the uncertainty in […]
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New York: The global consulting firm McKenzie issued a warning that nearly 60% of the banks in the world have failed to get returns on their investments, and these banks will not be able to take the hit of the recession. Against the background of the indications of recession received from around the world, this […]
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Washington: At a time, when economies like Russia and China are trying to challenge the economic domination of the United States, it has been exposed that USD, the leading reserve currency of the world, is losing its percentage share. The International Monetary Fund (IMF) has announced the information regarding the investments in the reserve currencies […]
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Moscow: “I don’t have much to say about higher audit institutions, but as for international organisations like the IMF, they must die,” said Herman Gref, chief of the Russian Sberbank demanding the IMF be abolished. Last year, some European countries had hinted at initiating efforts to find an alternative to the IMF. Against this backdrop, […]
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