Israel adds Chinese Yuan to Foreign Currency Reserves, reducing the importance of USD and Euro

Israel adds Chinese Yuan to Foreign Currency Reserves, reducing the importance of USD and Euro

Tel Aviv: Until 2021, the Israeli foreign reserves had only USD, Euro and GBP. But in the current fiscal the Israeli central bank has reduced the dependence on USD and Euro and has decided to include Chinese Yuan, Canadian (CAD) and Australian (AUD) Dollars and Japanese Yen in the foreign reserves. The central bank has […]

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Biden Administration desperately trying to improve relations with UAE and Saudi

Biden Administration desperately trying to improve relations with UAE and Saudi

Washington: The Biden administration is frantically trying to bring down the fuel prices, which have skyrocketed due to the ongoing Russia-Ukraine war. US Secretary of State, Antony Blinken, visited the countries in the Middle East to get them to increase oil production. But efforts made by Blinken did not yield desired results. The Saudi Crown […]

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Regulation of cryptocurrency has become a necessity: Union Finance Minister Nirmala Sitharaman

Regulation of cryptocurrency has become a necessity: Union Finance Minister Nirmala Sitharaman

Washington: India’s Finance Minister Nirmala Sitharaman, during her visit to the US, held talks with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The IMF chief has praised the performance of the Indian economy even during the turmoil and uncertainty due to the Coronavirus pandemic and the recent Russia-Ukraine war. Finance Minister Nirmala […]

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US should deploy military in Taiwan: Former US NSA John Bolton

US should deploy military in Taiwan: Former US NSA John Bolton

Washington: Former US National Security Advisor (NSA) John Bolton demanded that the United States should give up the ambiguity in its Taiwan policy and deploy its military in Taiwan. Bolton voiced this demand during the ‘Global Taiwan National Affairs Symposium’. Earlier, former US Secretary of State Mike Pompeo also had insisted that the Biden administration […]

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RBI certain about Indian Economy’s competency to face Global Challenges

RBI certain about Indian Economy’s competency to face Global Challenges

New Delhi: Reserve Bank of India (RBI) exuded confidence, ‘Comprehensive vaccination campaign, the capacity shown by the economic sector and the significant increase in exports have put the Indian economy in a very sound condition. Therefore, the economy will face the global challenges competently.’ Even the developed countries face challenges in countering the crisis developing […]

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Ukraine conflict has increased uncertainty in the global economy: IMF

Ukraine conflict has increased uncertainty in the global economy: IMF

Washington: The uncertainty in the global economy has increased further due to the Ukraine conflict. International Monetary Fund (IMF) has warned that this uncertainty could slow down the global economy. The IMF will be releasing a report named ‘World Economic Outlook 2022’ in the next few days. This warning becomes significant against this background. Besides, […]

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Turkey launches airstrikes on Kurds in Iraq; claims to have killed 19 Kurdish rebels

Turkey launches airstrikes on Kurds in Iraq; claims to have killed 19 Kurdish rebels

Ankara/Baghdad: While the entire world’s attention is focused on the Russia-Ukraine war, Turkey has invaded Iraq. Turkish Defence Minister Hulusi Akar informed that 19 Kurdish rebels were killed in the airstrikes carried out on the Kurdish locations in Iraq. Turkey said that the attacks were launched to target the Kurdish rebel organisation Kurdistan Workers’ Party […]

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India and United Kingdom under threat from autocratic states: British PM Boris Johnson

India and United Kingdom under threat from autocratic states: British PM Boris Johnson

New Delhi/London: The democratic countries like India and the United Kingdom are under threat from countries with dictators. British Prime Minister Boris Johnson underlined the importance of his India visit, saying that the unity of democratic countries is essential in these circumstances. British Prime Minister Boris Johnson will be coming on a visit to India […]

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