Tokyo: The Japanese economy has sustained a massive blow due to the raging US-China trade war, with a 2.5% decrease seen in growth rate during the quarter of July-September. It is said that this is the biggest downslide since 2014. Analysts claim that the indications of a global recession have further strengthened due to this […]
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Beijing/Berlin/Ankara: Russia had announced that it will continue its relations with Iran while refuting the United States’ sanctions against Iran. Following Russia’s footsteps, China, Germany and Turkey have declared that they will also not accept the sanctions against Iran. The United States has already announced that the countries maintaining trade relations with Iran will also […]
Read More »Berlin : The German economy is progressing well at present. But this trend will not continue for a long time. The German economy may collapse in the times to come, claim the German industrialists and the analysts; some industrialists reminded of the 2008 recession. A few days ago, German reporters also had claimed that there […]
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Berlin: The outgoing German Finance Minister, Wolfgang Schaeuble, gave serious indications saying that the Central Banks like the European Reserve Bank and the US Federal Reserve have been attempting to inject trillions of dollars into the financial markets. Their attempts are giving rise to the formation of ‘new bubbles‘ which in itself is an invitation […]
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Athens: German finance minister said that its imperative for Greece to implement economic reforms, if it is to stay in the Eurozone. In spite of this warning, EU during its Brussels summit agreed to grant some debt relief to Greece. It is said that the decision was influenced by the shocking results of Italy’s referendum. […]
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Berlin: The ‘Transatlantic Trade and Investment Partnership’ (TTIP), the proposed free trade agreement between the US and the EU, which would have created the largest free trade region of the world, has come to an end, claimed the German Chancellor Angela Merkel. Merkel indicated that the negotiations regarding the agreement may not be conducted further, […]
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Berlin / Paris : The possibility of free trade negotiations between European Union and United States is “dead”, as accused by the leading European nations, France and Germany. Germany’s Minister of Economic Affairs and Vice-Chancellor, Sigmar Gabriel, said that the negotiations have de facto failed due to exorbitant demands and pressure from United States. The French […]
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Berlin: The discontent in Germany against the open door refugee policy of Chancellor Angela Merkel is getting more fervent by the day. On Saturday, thousands of protestors took to the streets in the German capital of Berlin shouting the ‘Merkel must go’ slogan to vent their ire. At the same time, results of a survey […]
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Brussels – The ‘Eurozone’, consisting of Europe’s 20 top economies, has been hit by recession. The three months from January to March of 2023, following the last quarter of 2022, also saw a decline in the eurozone economy. Whenever the growth rate of an economy shows negative growth for two consecutive quarters, that economy is […]
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Brussels: Due to flaring inflation and declining productivity, the European continent is predicted to be hit by the economic recession. Despite this threat of recession, the European Central Bank, the central bank of the European Union, has increased the interest rate by an unprecedented 0.75%. The impact of this interest rate hike has started to […]
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