Rome: The local voters in Italy have given a negative verdict towards the referendum made for a constitutional reform. This is the second major blow to the European Union who has as yet not recovered from the ‘Brexit’ verdict. While Prime Minister, Matteo Renzi has submitted his resignation after the referendum verdict in Italy, the […]
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London/Moscow : Thousands of ‘ATM machines‘ in the European banking sector of 14 countries have been the targets of cyber attacks has been reported by a Russian cyber security firm. ‘ATM machines‘ manufacturers ‘NCR‘ and ‘Diebold Nixdorf‘ too have confirmed these reports. Cyber attacks have been launched on leading nations like Britain, Netherlands, Spain and […]
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New Delhi: After the announcement to demonetise 500 and 1000 rupee notes post mid-night of 8th November, the long queues outside the banks and ATMs in the country have been increasing multi-fold. Demonetisation has led to deaths of 25 common citizens , out of which 7 have died while standing in queues at banks. From […]
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New Delhi: The whole nation was blind-struck by Prime Minister Modi’s announcement to demonetize the 500 and 1000 rupees notes from midnight. To curb the issues of black money, corruption, terrorism as well as counterfeit currency, such a bold move was necessary to be taken, stated the Prime Minister. On the other hand, to avoid […]
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New Delhi : The Enforcement Directorate (ED) has attached Vijay Mallya’s property, worth Rupees 6630 crores, to recover unpaid dues of Rs. 9000 crores borrowed by Mallya from the Indian Banking Sector. The ED has attached Mallya’s farm house, flat, shares and fixed deposits to recover the bank dues. The supremo of Kingfisher group, Vijay Mallya had […]
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Berlin : It has come to the fore that the leading bank of Germany, ‘Deutsche Bank’ has refused to deliver physical gold to its customers on demand. This news has caused a stir in Germany and claims are being made that the condition of the overall banking sector in Germany, including Deutsche Bank, is not […]
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Rome/Brussels : European economists and analysts have claimed that as the Italian banking sector is overburdened with a debt of 350 billion, the Italian economy could also tumble down like that of Greece. The Italian economy is the 3rd largest economy in the ‘Eurozone’. The instability of this economy may lead to uncertainty in the entire […]
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Washington: The International Monetary Fund (IMF) has cautioned that post ‘Brexit’, the EU may face financial anarchy; and circumstances may lead to the fall in the Euro. If efforts are not made to resolve the conflict, then the current situation of political instability may worsen, owing to which the EU may collapse any time. The IMF had […]
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On Wednesday 6th July gold hit its highest in more than two years, by virtue of uncertainty, drop in stock markets and slide in some bond yields to record lows after Britain’s vote to leave the European Union (Brexit). Post the rise, gold rates having reached to $ 1367.104 per troy ounce (31.10 g) is […]
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“Iran will never co-ordinate with the US as far as conflicts in Syria are concerned”, declared Iran’s supreme leader, Ayatollah Khamenei. The US Secretary of State, John Kerry had recently stated that Iran was proving helpful to the US in the resolution of the Syrian conflict. The declaration of Iran’s supreme leader naturally assumes significance […]
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