Rome: The local voters in Italy have given a negative verdict towards the referendum made for a constitutional reform. This is the second major blow to the European Union who has as yet not recovered from the ‘Brexit’ verdict. While Prime Minister, Matteo Renzi has submitted his resignation after the referendum verdict in Italy, the […]
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Islamabad : Asian Development Bank (ADB) has offered a loan of 5.9 billion dollars to Pakistan. Pakistan has asked for an 800 million dollar loan for its energy sector. Till the month of May 2016, the total debt burden on Pakistan has gone up to 1340.30 billion dollars, of which 58.34 billion dollars are in the […]
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New Delhi : A large number of Indians have lost their jobs in Saudi Arabia and Kuwait. Their employers have not paid wages and abruptly closed down their factories. Saudi Arabia is facing an economic slowdown triggered by low oil prices. The falling oil prices have forced the Saudi government to heavily slash its spending, thus […]
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Caracas : Venezuela, a Latin American country whose economy is known to be mainly dependent on oil is now facing acute shortage of food and essential commodities, creating chaos in the country. In the last two days, 125 thousand of Venezuelans are desperate to leave their country and enter neighboring Colombia for their basic needs like […]
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Washington: The International Monetary Fund (IMF) has cautioned that post ‘Brexit’, the EU may face financial anarchy; and circumstances may lead to the fall in the Euro. If efforts are not made to resolve the conflict, then the current situation of political instability may worsen, owing to which the EU may collapse any time. The IMF had […]
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British opinion is increasingly leaning towards ‘Brexit’. This in turn is fueling increasing dissatisfaction among the other European countries about the European Union. Survey by US-based non-partisan think tank ‘Pew Research Center’ concludes that in the context of ‘Brexit’, anti –EU discontent has risen in countries like Greece, France, Germany, Spain and the Netherlands. Strong […]
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