Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Washington/Islamabad: After reprimanded by the International Monetary Fund (IMF) in the last week, there is a new financial crisis that haunts Pakistan. The senior arbitrator from the World Bank has ordered the Pakistan government to deposit a fine of whopping USD 5.975 billion. An international mining company had filed a case with the World Bank, […]

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Narcotics worth $1 billion seized in the US port of Philadelphia, action against ship going from Latin America to Europe

Narcotics worth $1 billion seized in the US port of Philadelphia, action against ship going from Latin America to Europe

Washington/Philadelphia: Cocaine worth nearly $1 billion, was seized in the main commercial port of Philadelphia, in the United States. The US agencies confiscated a whopping 17 tonnes of Cocaine. This becomes the second major action, against narcotic smuggling, in the Philadelphia port, in the last four months. Before this, in March, Cocaine worth $35 million […]

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US boycotts the UN conference after Venezuela takes the presidency

US boycotts the UN conference after Venezuela takes the presidency

Geneva: The United States has boycotted the United Nations’ ‘Conference on Disarmament’ for weapons control. US Special envoy Robert Wood, walked out of the conference to protest against Venezuela assuming the presidency. Some of the Latin American countries decided to abstain from the meeting. As per the rotation policy of the United Nations, this month […]

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Military intervention in Venezuela may cause Guerrilla warfare, warns Brazilian President

Military intervention in Venezuela may cause Guerrilla warfare, warns Brazilian President

Sao Paolo: The United States and its allies have initiated moves to overthrow the Nicholas Maduro regime in Venezuela. However, Brazil’s President Bolsonaro has advised its ally, the US against military action to attain the objective. Also, the Brazilian President warned that it would ignite Guerrilla warfare in Venezuela, and Brazil will not tolerate the […]

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Venezuela’s Nicolas Maduro’s days are numbered, warns US National Security Advisor

Venezuela’s Nicolas Maduro’s days are numbered, warns US National Security Advisor

Washington/Moscow: ‘Most of the Latin American countries are united against Venezuelan Dictator Nicholas Maduro and that his days are numbered,’ warned the US National Security Advisor (NSA) Bolton had already declared that all the options to resolve the Venezuelan problem were available with him. While the US NSA was issuing a warning to the Maduro regime, Russia […]

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US tested super advanced Railgun in the Rimpac war exercises last year

US tested super advanced Railgun in the Rimpac war exercises last year

Washington: The United States tested a super advanced Railgun system during the Rimpac war exercises held last year, leaving out China. A US daily claimed that this test of the hypersonic Railgun capable of more than 8 Mach speed was a part of preparations against China.Photographs of the Chinese, preparing to test the railgun also […]

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Columbia to exit from ‘UNASUR’, the group of Latin American countries against the background of the Venezuelan crisis

Columbia to exit from ‘UNASUR’, the group of Latin American countries against the background of the Venezuelan crisis

Bogota: ‘Union of South American Nations’ (UNASUR), a group formed for the unity of the South American nations and to oppose the capitalist policies of the United States, seems to be on its last breath. One of the South American countries, Columbia, has decided to exit from the group on a permanent basis. It is […]

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Japan, Australia, Canada and 11 other countries sign new ‘TPP’ agreement

Japan, Australia, Canada and 11 other countries sign new ‘TPP’ agreement

Santiago: The ‘Trans Pacific Partnership’ (TPP) agreement which was in distress after US President Donald Trump announced his withdrawal from it, was successfully revived. On Thursday, 11 countries except the US signed on ‘CPTPP’ (Comprehensive and Progressive Agreement for Trans Pacific Partnership) in the capital city of Chile. It had been informed that this new […]

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WEF 2018: President Trump endorses ‘America First’, says it is open for business

WEF 2018: President Trump endorses ‘America First’, says it is open for business

Davos: President Trump endorsed ‘America First’ policy, criticised the world over at the World Economic Forum. President Trump clarified that ‘”America First” does not mean America alone’ and at the same time America is open for business. President Trump also said that we are not opposed to the concept of free trade but expressed the […]

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