Washington: A private financial institution issued a sensational warning that the total debt burden in the US economy is 20 times the Gross Domestic Product (GDP) of the United States and the number has reached nearly $400 trillion. A few months ago, the US treasury department had released information that the national borrowing is to […]
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Moscow/Washington: Russian Foreign Minister Anton Siluanov announced that henceforth, Russia would purchase debt bonds in currencies other than the US dollar. At the same time, the Russian Foreign Minister also claimed that Russia would not need any financial assistance in the remaining part of the year 2019. Russia, consistently faced with sanctions from the United […]
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Washington/ Beijing: The ongoing trade war between US-China is no longer a mere threat to the global trade war crisis. The impact of this war on the economy is already visible,’ saying, so the International Monetary Fund has predicted a decline in the global economy next year by 0.8 %. For the second time in […]
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Moscow: Experts at the international level have been warning that US-China trade war, uncertainty regarding Brexit, tensions over the Iran issue and the sanctions imposed by the United States against various countries would be the factors precipitating a global recession. Against the backdrop of this looming recession, it is reported that Russia has increased its […]
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London/Moscow: Many groups, including the ‘World Gold Council’ had reported an increase in the Gold purchase, by the central banks of the leading economies of the world, over the last few years. Analysts and economists have claimed that the trend in the Gold purchase will continue because of the increasing tensions at the international level, […]
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London/New York: The intensifying trade war between the United States and China and the further flareup caused in it, because of the currency war, caused a huge leap in the Gold rates. On Wednesday, Gold reached a record level of $1,503 per ounce, in the transactions on the ‘COMEX Gold Futures’, in the United States. […]
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Washington: The US Federal Reserve announced a cut of 0.25% in the interest rates, on Wednesday. It is the first rate cut by the Federal Reserve since 2008, and the stock markets in the United States as also around the world have begun a downward spiral. President Trump expressed displeasure over the cut and retorted […]
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Washington: A massive cyberattack was carried out on ‘Capital One’, a leading financial institution in the United States and data of more than 100 million customers was revealed to have been hacked. Paige Thomson, a 33-year-old woman, was arrested in connection to the hacking case. However, a big group is suspected of having been involved […]
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Washington: JP Morgan, the leading financial institution in the world, warned that in the coming decades the global economy is set for some landslide changes and USD will lose its influence on the worldwide economy and the system with the influence of the Asian continent will take over as the leader. Only last month, former […]
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Beijing/Washington: Against the background of the actions initiated by us, President Donald Trump against China, the Chinese government has undertaken efforts to challenge the domination of the United States. Chinese companies in the technology sector are severely hit by the taxes and sanctions imposed by the United States. To bypass the effects of the US […]
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