Moscow : Last month, the cyber attacks on the US and Europe, done with the help of ‘smart’ gadgets using ‘Internet of Things’ (IoT), had created quite a stir. Within three weeks after that, it has come to the fore that similar cyber attacks have been done in Russia also. These cyber attacks in Russia, have […]
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New Delhi: The rise in number of bad loans is causing a nuisance for the banking sector in India. The maximum number of bad loans are from Government banks. The government is trying to provide funds to these banks and free them from the clutches of debts. However Raghuram Rajan, Ex-Governor of Reserve Bank of […]
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New Delhi (PTI): The central government is planning vital steps to consolidate public sector banks in order to strengthen them. On account of this 27 public sector banks would be merged and reduced to form 4 to 5 strong banks. It is been said that in the current financial year to start this process, five […]
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Moscow/Washington – Russia has warned that if the G7 group, including the US, tries to confiscate Russian assets abroad and use them for Ukraine, Russia’s response will be ‘tit for tat’. These efforts initiated by Western countries will be challenged at the legal level and may weaken the foundation of the global economy, President Vladimir […]
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Bern – Switzerland, which has so far refrained from taking sides in the war between Israel and Hamas, has now said that Israel has full right to self-defence. At the same time, Switzerland has prepared to ban supporters of Hamas, a terrorist organisation. Consequently, analysts drew attention to the fact that this could affect Hamas’ […]
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Riyadh/Beijing: Saudi Arabia and China have signed a currency swap agreement worth 50 billion yuan. According to sources, this agreement was signed between the two central banks, ‘Central Bank of Saudi Arabia’ and ‘The People’s Bank of China’. Earlier this year, Saudi Arabia had hinted at using currencies other than the US dollar for fuel […]
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Moscow/Caracas – The Foreign Minister of Venezuela, Yvan Gil Pinto, currently visiting Russia, has announced de-dollarisation from the ongoing bilateral trade with Russia. Foreign Minister Pinto also clarified that the two countries have agreed on this, and the process of using the national currencies is in the final stages. Besides, Russia has welcomed this and […]
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Oslo: Norway, the owner of the world’s largest ‘sovereign fund’ (investment fund) and Europe’s top economy, has been harmed by zero per cent growth. In the second quarter of 2023, Norway’s economy registered zero per cent growth due to the decline. Norway’s economy recorded a growth rate of 0.2 per cent in the year’s first […]
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Las Vegas: ‘The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis either,’ US Treasury Secretary Janet Yellen warned. Just a few days ago, US President Joe Biden claimed that […]
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Washington/Beijing – A leading voluntary group has made a sensational allegation that the Chinese Communist regime provides financial aid to hundreds of public schools in various US states, and many of these schools are close to US military bases. Besides, a think tank named Parents Defending Education has drawn attention with its report on the […]
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