Berlin: The outgoing German Finance Minister, Wolfgang Schaeuble, gave serious indications saying that the Central Banks like the European Reserve Bank and the US Federal Reserve have been attempting to inject trillions of dollars into the financial markets. Their attempts are giving rise to the formation of ‘new bubbles‘ which in itself is an invitation […]
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Beijing : Economists have warned that Chinese President Xi Jinping’s ambitious ‘One Belt One Road’ Project is posing a danger to the global financial system. Government banks of China are trying to raise funds to be issued as loans to the deprived and potentially dangerous countries. Economist Xu Chenggang and Bjorn Conrad have raised their […]
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In very clear words, the US President Donald Trump gave an ultimate warning to North Korea saying that the time to show strategic restraint is over, and the time has come to give a firm reply. These words of President Trump during his meet with the South Korean President Moon Jae-in, give an indication that […]
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Mumbai : ‘RBI’ has prepared a list of 500 highest ‘defaulters’, to resolve the issue of ‘Non-Performing Asset’ (NPA). It has been observed that as per this list, 12 ‘defaulters’ owe banks around Rs 2 lakh crore and action will be taken against them as per ‘Insolvency and Bankruptcy Code’. Two days back, the Union Finance […]
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Brussels/Beijing : The decision to impose a tax on the import of Chinese steel by European Union has sparked a new dispute. China has expressed strong displeasure over the issue and has questioned the validity of the decision. This is indicating the widening gap between China and the EU countries over trade issues. Last week, it […]
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London : After the largest ever cyber attack that hit more than 150 countries, a new cyber attack larger than this is soon expected, warn analysts. The security agencies worldwide are still investigating the massive cyber attack that blocked more than 2 lakh computers of many multinationals including the renowned US company FedEx, along with the […]
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Srinagar : After the death of Hizbul Mujahideen Commander Burhan Wani, the militants in Jammu and Kashmir have gone berserk and launched attacks on security forces, educational institutions and administrative organizations. Now going a step further, the militants in the Kashmir Valley have taken to looting bank cash and police weapons. In the last few days, […]
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Kiev: While the US has made demands to Russia over the ‘Crimea‘ conflict and the Ukraine Government has imposed restrictions on Russian banks, NATO has deployed 4 warships in Ukraine. These warships were from Germany, Poland, Spain and Turkey. In the last month, NATO had decided upon to increase its naval strength against Russia. The […]
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Germany has fastened the process of retrieving gold which was sent to foreign countries after the World War 2. In the past three years, the Central Bank Of Germany has successfully managed to retrieve 642 tons of gold from US and France. In 2013, the German Government had announced a policy of keeping 50% of […]
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Athens: German finance minister said that its imperative for Greece to implement economic reforms, if it is to stay in the Eurozone. In spite of this warning, EU during its Brussels summit agreed to grant some debt relief to Greece. It is said that the decision was influenced by the shocking results of Italy’s referendum. […]
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