Washington: – The US national debt has reached $30 trillion. This is a new record for the US economy. In the last two years, there has been an addition of $7 trillion to the US national debt. This includes the special provisions of $5 trillion for the various schemes to counter the Coronavirus pandemic. The […]
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New Delhi – Finance Minister Sitharaman said, ‘We have presented a budget, in the 75th year of independence that will lay the foundation for the next 25 years.’ She added, ‘We have made it our priority to present a budget that sustains the country’s economic development.’ On the other hand, Prime Minister Narendra Modi welcomed […]
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Paris/Dubai – Indications have been given that the United Arab Emirates (UAE) will be included in the FATF’ Grey List’ on the issues of terror funding and financial misconduct. A US website reported that a decision in this matter could be taken in the Financial Action Task Force (FATF) meeting to be held next month. […]
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New Delhi – Following the talks with the Foreign Ministers of the United States and Russia, Indian MEA S. Jaishankar held telephonic talks with Foreign Ministers of Australia, Indonesia, Maldives and Bhutan. However, the details of the talks have not been released. But there were comprehensive discussions for strengthening the bilateral cooperation. It is important […]
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Washington/Beijing/London: – A shocking report has surfaced claiming that the Chinese ruling communist regime is trying to tighten its grip on Commonwealth countries, with an investment of more than $900 billion in these countries. The US think tank has published a report, which points out that the Caribbean nations and Commonwealth members from the African […]
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Beijing: – After Evergrande, China’s leading real estate company, indications are that other big companies also may default in debt repayments. They include Fantasia, Scenic Holdings along Modern Land. It is learned that the company defaulted on payment to the tune of $250 million. Analysts predict that the energy sector crisis and the Coronavirus pandemic’s […]
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Abuja: – Nigeria became the first country in Africa to launch the digital currency ‘eNaira’. On Monday, President Muhammadu Buhari inaugurated ‘eNaira’. President Buhari claimed that this would expand the scope of Nigeria’s banking sector and add billions of dollars to the economy. The Nigerian President predicted that the country’s Gross Domestic Product (GDP) is […]
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Beijing: – Officials and analysts are warning that China is investing heavily in Latin America, and if the trend continues, the United States will lose Latin America without a fight. According to the China-Latin America Finance Database, published by the thinktank ‘The Dialogue’, China has invested about $150 billion in Latin America and the Caribbean […]
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Washington: – The International Monetary Fund (IMF) has said that the government debt burden in the global economy has reached $88 trillion. The debt is about 98% of GDP and is expected to grow further soon. During the Coronavirus pandemic period, measures taken by various countries to revive the economy led to an increase in […]
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Beijing: – The ruling Communist Party has initiated inquiries against the country’s leading banks in the wake of the bankruptcy crisis in Evergrande, China’s leading real estate company. This includes the central bank of China as well as the leading state-owned banks known as the ‘Big Four’. Loans to private companies, including government enterprises in China, […]
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