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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Moscow: – A whopping 8 tonnes of narcotics were seized in a massive action carried out by the Russian agencies near Moscow. The narcotics seized during the action, which was carried out in the last week, are valued at USD 110 million in the international market. This is the second major action held against the narcotics trade […]
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Mexico City: It has emerged that Pemex, known to be the second-largest oil company in Latin America, has come under a major cyberattack. The attack, which was carried out using a Ransomware, caused a shutdown of more than 5% of the company’s computers, affecting the daily financial transactions and communications systems. The cyber attackers have […]
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London: A British study group has warned that the British economy will take a hit for USD 100 billion because of the ‘Brexit Deal’ presented by Prime Minister Boris Johnson. Although the British parliament has currently rejected the Brexit Deal, it is likely that the new parliament, formed after the elections, may pass the deal. Against this background, the warning of […]
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New York: Indian Finance Minister Nirmala Sitharaman expressed faith, “India can become a USD 5 trillion economy by the year 2024-25. It is challenging but realisable.” Finance Minister Sitharaman was speaking at a function organised by the renowned University of Columbia in the United States. Nirmala Sitharaman pointed out that the progress of the Indian […]
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New Delhi: India will be investing $ 60 billion in the fuel gas sector by the year 2030. Minister for Petroleum, Shri. Dharmendra Pradhan made this announcement. The Petroleum Minister said that the amount will be invested in the facilities connected with Fuel Gas and other sectors. The Fuel Gas networks currently supplying gas in […]
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Washington: At a time, when economies like Russia and China are trying to challenge the economic domination of the United States, it has been exposed that USD, the leading reserve currency of the world, is losing its percentage share. The International Monetary Fund (IMF) has announced the information regarding the investments in the reserve currencies […]
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London/New York: Following the drone attacks on the oil refinery projects of Aramco in Saudi, the oil rates in the international market have jumped by 20%. The oil rates have climbed to USD 71 per barrel in the market transactions on Monday. This is said to be the biggest leap in the oil rates, in […]
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Paris: The leading IT Company Google will have to pay nearly $ 1 billion fine for the financial fraud committed in France. The settlement comprises a basic fine of $ 550 million along with a tax of $ 500 million. Only two months ago, the French government had decided to tax the enormous earnings of […]
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Moscow/Washington: Russian Foreign Minister Anton Siluanov announced that henceforth, Russia would purchase debt bonds in currencies other than the US dollar. At the same time, the Russian Foreign Minister also claimed that Russia would not need any financial assistance in the remaining part of the year 2019. Russia, consistently faced with sanctions from the United […]
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