New Delhi: A report was recently published claiming that millions of people faced a loss of employment, because of the lockdown. The union government has decided to pay the amount equivalent to 50% of the three months’ salary, to people who have lost their employment in such a manner, as an unemployment allowance. It is […]
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Kathmandu: There is major political turmoil in Nepal. At a time, when there is a possibility of the KP Sharma Oli government collapsing, the Chinese interference in Nepalese politics has increased. China is trying to take advantage of the distance being created between India and Nepal. One more example of the Chinese and Pakistani influence […]
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Beijing: – It is claimed that 83 tonnes of gold, amounting to 4% of gold in the Chinese reserves, is fake. Wuhan Kingold Jewellery Inc., a leading company in the gold market, having links with the Chinese military, had borrowed USD 2.8 billion against this fake gold. The gold deposited by this company as collateral with the […]
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Washington: Neel Tushar Kashkari, President of the Federal Reserve Bank of Minneapolis, warned ‘If a vaccine is not developed for Coronavirus in the next few months, recovery in the US economy will be challenging. Some tough decisions will have to be taken for this purpose. Therefore, the people of the United States will have to […]
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Moscow: A Russian news channel claimed that the global economy would take a blow to the tune of USD 20 trillion because of climate change. This claim is based on the reports published by various international groups, experts and insurance companies, over the last few months. The report says that the housing, fuel, tourism and […]
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Washington: Experts in the technology and Finance sectors claimed that many jobs and employment opportunities, in the finance sector, have started disappearing because of the use of ‘Artificial Intelligence’ (AI) and the trend will continue. This claim was made in the Congressional hearing and Professor Marcos Prado warned that 6.1 million jobs in the finance, […]
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Washington: A private financial institution issued a sensational warning that the total debt burden in the US economy is 20 times the Gross Domestic Product (GDP) of the United States and the number has reached nearly $400 trillion. A few months ago, the US treasury department had released information that the national borrowing is to […]
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For Israel, the business of the ‘fisheries’ is next in importance to agriculture. A country blessed with the sea is certain to have a strong and age-old bond with fishing and Israel is no exception to it. However, Israel is not just into fishing but practices and emphasizes on ‘fish farming’. Farming and that too […]
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New Delhi: Union Finance Minister Nirmala Sitharaman said ‘The Indian economy will reach the $5 trillion mark in the next five years. The 2019 budget lays the foundation for this.’ This budget presented by her has been welcomed by the Industry sector in the United States. Senior US officials are claiming that along with India’s […]
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Tehran: The Iranian government seems to have chosen the option of Bitcoin, to try and support the economy, crumbling under the weight of the US sanctions. It has been revealed that the first ATM of cryptocurrency Bitcoin, has started in capital Tehran. This ATM was installed at an international exhibition being held in Tehran. There […]
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