London/Beijing: – British Prime Minister Rishi Sunak warned that the relations between the two countries would not be the same in the future, saying that the United Kingdom needs to change its policy towards China. The golden era of UK-China relations is now over and no one should doubt that. There is also a need […]
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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 Federal Reserve has indicated that the interest rate hike would continue to counter inflation for some time. This claim has caused the US Dollar value to jump compared to other currency rates. The Dollar has reached a 20-year-record hike in the Asian markets. The rise in the value of the US Dollar […]
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Beijing: China has started importing Gold on a huge scale from the international markets. China purchased 180 tonnes of Gold in June and July. 107 tonnes of Gold were imported in June and 80 tonnes in July. China is the biggest producer and importer of Gold in the world. Moreover, the Coronavirus outbreak, Real estate […]
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N’Djamena: – More than 100 people were killed and 40 injured in violence that broke out in a gold mine of Chad in the Kouri Bougoudi district near the Libyan border. The opposition parties and human rights organisations have held the Chad government responsible for the massacre. Meanwhile, because of the conflict, the Chad military […]
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Moscow: Nikolai Patrushev, secretary of the Russian National Security Council, attracted the world’s attention by announcing that the Russian currency Rouble, will soon be linked to gold and other essential commodities. Patrushev said that Russian experts are working on the plan. The Russian Central Bank currently has a reserve gold stock of 2,000 tonnes. Russia […]
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Washington: – Leading financial institution Goldman Sachs warned that the position of the USD as the leading international currency is under threat. Goldman Sachs has warned in its Research Note that the harsh sanctions imposed against Russia and the foreign debt in the US economy will result in USD losing its importance. The leading financial […]
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Paris/Washington: The European thinktank OECD has warned that the Russia-Ukraine war will jolt the global economy. There has been a significant increase in the rates for food grain, oil and other raw materials and inflation has flared up. The European think tanks warned that this would impact the global economy. This will result in a […]
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Paris/Beijing: A French think tank accused Chinese companies of looting Gold from the African country DR Congo. The French think tank IFRI said that the Chinese companies illegally produce and export Gold from the mines in the Kivu Province in southern DR Congo. While this report has surfaced, a court in DR Congo has ordered […]
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London: – The demand for Gold is seen to be rising on the international level and the World Gold Council informed that the demand for Gold exceeded 4,000 tonnes in the last year. As per the report ‘Gold Demand Trends 2021’, Gold demand increased by 10% in 2021. The World Gold Council said that the […]
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