Moscow: While the President of Russia announced annexing the Ukrainian regions, Western countries indicated new sanctions against Russia. Despite these Western warnings, the Russian Ruble has strengthened against the US and European currencies. In the past few days, while the USD has hit record highs, other major world currencies have fallen. Against this backdrop, the […]
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Brussels/ Moscow: The possibility of fresh sanctions on gas supply from Russia has shot the prices of gas by 10 %, taking it above 2000 dollars per 1000 cubic meters. This is the third instance of a 10% hike in natural gas prices in the last four days. A meeting of the European Union to […]
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Washington/Geneva: Slowdown in the Chinese growth rate and falling economic output in the United States are deepening the grip of recession in Europe. The fuel crisis in Europe, dependent on Russian fuel, will continue in the coming times. The President of the World Bank, David Malpass, warned that the economic recession crisis is hovering over […]
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Washington: The United States promised abundant fuel supplies to Europe after Europe banned the import of Russian gas. But it has been exposed in the past few days that reports have surfaced that US companies are failing to meet the growing European demand for fuel. Against this backdrop, a leading news agency claimed that a […]
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Brussels/Berlin/Stockholm: Present economic growth of Europe is much lower than expected, primarily due to high inflation on account of fuel shortage. Although the European Central bank has hiked the interest rate to control inflation, the rise in inflation is expected to continue, warns ECB President Christine Lagarde. There is a strong possibility that Germany and […]
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Ankara: ‘We will not fail to defend our country’s rights and interests against Greece by using all the means at our disposal, when necessary,’ warned Turkey’s President Recep Tayyip Erdogan. Turkey had accused Greece of violating international law by illegally militarising the Aegean islands hours earlier. Also, the Ambassador of Greece had been summoned. Turkey […]
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Singapore: ‘The golden age of globalisation that we have known for the past 30 years since the end of the Cold War is clearly over, and we are entering a new era, a new era that will be marked by greater geopolitical contestation,’ Singapore’s Finance Minister Lawrence Wong warned. At the ‘Forbes Global CEO Conference’ […]
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Washington: The US had announced a package of nearly $45 million to Pakistan to modernise the F-16 aircraft in the fleet of the Pakistan Air Force. The US also clarified that this assistance is for anti-terror operations and India has no reason to deviate from it. But everyone knows the capabilities of these planes and […]
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Berlin: Germany is on the brink of recession as Russia restrains its energy supply. Germany is now looking at Saudi and UAE to establish cooperation to overcome dependency on Russia. Last week, the German chancellor, Olaf Scholz, urgently visited the Middle East. He signed an important agreement with the UAE and initiated a discussion to […]
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Riyadh: A few weeks ago, US President Joe Biden announced the provision of advanced defence equipment to Saudi Arabia and the UAE. Biden assured that the United would stand by its Middle East allies. But it seems that Saudi and UAE have no faith in the US President. Both Middle East countries have begun buying […]
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