Brussels/Washington: The US economy slide in the second successive quarter was announced on Thursday. It was notified within 24 hours that inflation had flared up even in the Eurozone. Germany, the leading European economy, has reported a zero economic growth rate for the second quarter. These successive statistics indicate that recession is looming over the […]
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Brussels: In the wake of the Russia-Ukraine conflict, the Eurozone, a part of Europe, has witnessed a record spike in inflation. Eurostat reported that in June, the Eurozone recorded an inflation rate of 8.6 per cent. This is the highest level since the Eurozone was formed. After the outbreak of the Russia-Ukraine conflict, it was […]
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Paris: French President Emmanuel Macron indicated a substantial increase in defence expenditure by saying, ‘Since the Russian invasion of Ukraine, France has become a war economy. The situation could continue in France for the next many years.’ The French President has issued instructions that taking into account the significant changes in the geopolitical equations of […]
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London: European countries Estonia, Lithuania, Bulgaria, Czech Republic, Romania, Latvia, Poland and Slovakia are currently reeling under high inflation. A leading British daily reported that the inflation index in these countries has crossed 10%. Therefore, analysts are claiming that there is a decline in European productivity. The British daily claimed that the highest inflation is […]
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Moscow/Washington: The western leaders had bragged that the harsh sanctions imposed on Russia following the invasion of Ukraine would break the Russian economy, and it would be forced to stop the Ukraine war. But the performance of the Russian economy has delivered a tight slap across the face of these leaders making such claims. There […]
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Beijing: Effects of the strict implementation of the Zero COVID Policy by the Chinese government have started showing in the Chinese economy. During a meeting on Thursday, Chinese President Xi Jinping announced that the Zero COVID policy would continue under any circumstances. At the same time, he also indicated that the Chinese population would have […]
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Brussels: It has been exposed that the inflation has flared up to record levels in the European countries against the background of the Russia-Ukraine conflict. In April, the inflation rate was recorded at 7.5% in the Eurozone, a part of the European Union. This is a record for the last 25 years. It has been […]
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Paris/Washington: The European thinktank OECD has warned that the Russia-Ukraine war will jolt the global economy. There has been a significant increase in the rates for food grain, oil and other raw materials and inflation has flared up. The European think tanks warned that this would impact the global economy. This will result in a […]
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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/ London/ Brussels: – The United States, United Kingdom, and European Union have announced sanctions against Russia after it invaded Ukraine and conducted military operations. The sanctions are imposed on Russian President Vladimir Putin, senior leaders of the Russian government, affiliated businessmen, banks, and the business community. The West has targeted sanctions on Russian companies […]
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