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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Washington: – The Biden administration has again indicated the opening of the ‘Strategic Petroleum Reserves’ ban on Russian fuel imports given the Ukraine conflict and rising inflation. An announcement to that effect is expected on Thursday. This is the third time in the last five months that the United States has used the Strategic Petroleum […]
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Beijing/New Delhi: – India did not attach much importance to the visit of Chinese Foreign Minister Wang Yi during the last week. The media also did not get photographs of Foreign Minister Jaishankar shaking hands with Wang Yi. A joint press conference of the two leaders was also avoided. According to media reports, the adamant […]
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New Delhi: – The United States had warned that the Indian fuel purchase from Russia does not fall under the purview of the US sanctions. But the Indian purchase of fuel from Russia, the aggressor on Ukraine, at a concessional rate will be noted in history.’ The warning does not seem to have had any […]
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Kyiv/Brussels: – Over 2.8 million Ukrainian citizens have arrived in Europe after Russia started its military campaign against Ukraine 20 days ago. More than 1.7 million refugees have entered Poland alone and fears of this number increasing further are being expressed. While the neighbouring Ukrainian countries are accepting refugees in large numbers, Germany has appealed […]
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New York/ Moscow/ Beijing – Russia had accused US Defense headquarters Pentagon of pouring in billion dollars and operating Biolabs in Ukraine. Russia had slammed these labs as a warehouse for creating bioweapons. But, the United States had dismissed these accusations and counter-blamed Russia. Thus, this issue would be presented to the UN Security Council. […]
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Washington/New Delhi/Beijing: The United States has claimed that the India-China tension has festered to a level that had not occurred before in the last four years. Admiral John Aquilino, chief of the US Indo-Pacific Command, gave this information during a hearing in front of the US Congress. On the one hand, China has claimed that […]
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Washington: The effects of the harsh sanctions imposed by the western countries against Russian President Vladimir Putin and the Russian central bank are becoming visible. Within 24 hours of the imposition of sanctions, there was a record decline in the Russian economy and the value of its currency Ruble. Reports have been published that long, […]
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Washington: – Inflation has flared up in the United States and analysts have warned that this could hit the country’s economy. The PCE and CPI indices, considered the crucial elements in the US economy, have reached record levels in the last 40 years. The possibility of this inflation reduction has been ruled out given the […]
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London/New York: – The crude oil rates spurted above $95 per barrel due to the tensions prevailing between Russia and Ukraine. This is the first instance of the crude oil rates crossing $95 level since October 2014. Against the background of this rise, analysts have predicted that the crude oil rates could scale at $120 […]
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