Washington: ‘It is being said that the trade war with China will be beneficial for the United States economy. But in reality, the effects of the trade war will prove to be disastrous for the US. This trade war will increase the dollar supply but the demand will decline,’ claimed investor Peter Schiff, who is […]
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Moscow/Washington: Information has surfaced that Russia has sold US bonds worth about $47 billion in the month of April. This information has been received from the statistics published by the US department of treasury. Considering the consistent sanctions being imposed by the United States on the Russian economy, this sale of US bonds by Russia […]
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Moscow: Russia is on its toes to fight against the sanctions put by the United States. Russia has taken an impactful step by targeting ‘US Dollar’ and making a noticeable reduction of its usage in Russian economy. Russia’s Deputy Foreign Minister Sergey Lavrov shared this information. Back in 2014 when the United Stateshad forced such […]
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Washington: The US national debt has increased by $2.6 trillion in just six months. In the last six months, the US’s debt burden has increased by more than $400 billion every month. Along with this, Republican Party MP John James provided information that the debt burden of every citizen of the US is now more […]
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Moscow/Caracas – The Foreign Minister of Venezuela, Yvan Gil Pinto, currently visiting Russia, has announced de-dollarisation from the ongoing bilateral trade with Russia. Foreign Minister Pinto also clarified that the two countries have agreed on this, and the process of using the national currencies is in the final stages. Besides, Russia has welcomed this and […]
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Moscow – Alexander Novak, Deputy Prime Minister of Russia, has claimed that Russia has completely moved away from the dollar and Euro as a currency to trade oil and are focused on regional currencies. He said Russia had traded oil with China in exchange for Yuan and Rubel. The International Energy Agency (IEA) recently declared […]
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Paris/Washington – French analyst Renaud Girard said that the United States used the dollar excessively as a tool of political pressure. Therefore, more and more countries have been leaving the US-dominated economic system. He added that a local currency-based system was an alternative to the dollar. Moreover, countries like Russia and China have even developed […]
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Washington: – The Zero Covid policy implemented by President Xi Jinping in China for the past few months along with the real estate crisis are going to affect the Chinese economy. There is a possibility of China’s economy taking a hit of five trillion dollars in the coming five years when Xi Jinping will continue […]
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