Washington: Rising inflation, reduction in government expenses and the increasing trade deficit has triggered a decline of one and a half per cent in the US economy. By the end of 2021, a growth of 6.9% was recorded in the US economy. Against this background, this decline comes as a shock. A few days ago, […]
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Tokyo: The US President announced the Indo-Pacific Economic Framework (IPEF) to challenge the aggressive Chinese expansionist activities in the Indo-Pacific sector. This 21st-century economic front will be working to define the framework for the digital economy in the Indo-Pacific sector, ensuring the safety of the supply chain and increasing investment in green and renewable energy. […]
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New Delhi: – The war in Ukraine has pushed up the price of fuel, food and other commodities. Developing countries are being hit because of this. That is why we have to try to control these rates. The BRICS, which has taken the lead in upholding the equality and sovereignty of nations and respect for […]
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Washington: The rising inflation and declining government expenditure in the wake of the Russia-Ukraine conflict have led to an unexpected slowdown in the US economy. In the first quarter of 2022, US GDP fell by 1.4 per cent. Also, the economy grew by 6.9 per cent in the last quarter of 2021. Against this backdrop, […]
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Washington/London: Although the US and UK leadership had warned to teach a lesson to Russian President Vladimir Putin by targeting the Russian economy, the maximum effects of the sanctions are being felt by the population of the United States and the United Kingdom. Inflation has flared up in both the United States and the United […]
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Moscow: It has become difficult for Russia to carry on with the trade with its friendly countries, given the harsh sanctions imposed by the United States and the western countries. The New Development Bank (NDB), started by the BRICS, has stopped Russian transactions. NDB clarified that this decision had to be taken given the uncertainties. […]
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Washington: – Leading financial institution Goldman Sachs warned that the position of the USD as the leading international currency is under threat. Goldman Sachs has warned in its Research Note that the harsh sanctions imposed against Russia and the foreign debt in the US economy will result in USD losing its importance. The leading financial […]
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Washington: Following the increase in interest rates, the US Federal Reserve is planning another increase in the interest rate in the current year. Jerome Powell, Chief of Federal Reserve, warned that the new rise in the interest rate could deliver jolts to the US economy. Powell warned not to be under the impression that the […]
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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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Berlin: Warning that the Russian invasion of Ukraine has started a new era, German Chancellor Olaf Scholz announced significant changes to the German defence policy. These include a fresh provision to take the defence expenditure to more than 2% of the German GDP. There is also an assurance to supply weapons stocks to countries like […]
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