Washington/Beijing: China, the second largest economy in the world, continues to suffer shocks. Last month, it was revealed that China’s economic growth rate had dropped to 0.4 per cent. After that, international investors are also turning their backs on China. According to a US-based Institute of International Finance (IIF) report, foreign investors withdrew large amounts […]
Taipei/Tokyo: China created a stir around the world by firing missiles into the Taiwan Strait and then in the maritime areas of Japan. China’s provocative action comes as a mark of protest against US House of Representatives Speaker Nancy Pelosi’s Taiwan visit. Taiwan and Japan have taken serious cognisance of this. Taiwan has also conducted […]
New Delhi: Union Finance Minister Nirmala Sitharaman expressed confidence in the Lok Sabha that there is no possibility of the country landing in recession. The finance minister also pointed out that the World Bank and International Monetary Fund have given the verdict that there is no possibility of a recession in the Indian economy. Finance […]
New Delhi: India, France and UAE held discussions on cooperation in the Indo-Pacific region. In this discussion, the three countries decided to cooperate on the most critical issues related to the Indo-Pacific region, such as maritime security, regional connectivity projects, energy and food security, and strong supply chains. The Ministry of External Affairs of India […]
Washington: The United States has launched a solid effort to thwart China’s move for dominance in the semiconductor sector. Hence, the US Senate has approved the ‘CHIPS Act’, enabling it to invest in the semiconductor sector extensively. After this approval, the bill will be sent to the House of Representatives, as informed by the sources […]
Washington: US Federal Reserve has once again increased the interest rates by 0.75% on Wednesday. This is the fourth increase in the last month and the first instance of two successive interest rate hikes of 0.75% since 1994. The US stock markets have reacted positively to the rate hike. While the interest rate is hiked, […]
Berlin: The German Commerce Minister had warned a month ago, ‘The United States was hit by recession following the Lehman Crisis in 2008. If Russia cuts off fuel supplies to Germany, the situation in the country will be similar to the Lehman Crisis. Repercussions of this will be felt all over the world.’ This German […]
New Delhi: Four days ago, the Indian Rupee reached a record low level against the USD. But developments over the last few days indicate that the Rupee is recovering slowly. Still, warnings are being issued that this slide in the Indian Rupee is a cause for concern. The Minister for Economic Affairs reassured the people […]
New Delhi: Prime Minister Narendra Modi said that everything that is harmful to the country from inside or outside must be eradicated effectively. However, Prime Minister Modi pointed out that propaganda is a big challenge among the possible threats to the country. Prime Minister Modi was addressing a seminar ‘Swavlamban 2022’ jointly organised by the […]
New Delhi: Prime Minister Narendra Modi said that the ‘Energy Security, Food Security and Economic Development’ agenda came up in the very first meeting of I2U2. Considering the instability on the global level, I2U2 has presented in front of the world the framework for active cooperation between countries. A Virtual meeting of the heads of […]
