Colombo: The situation in Sri Lanka is still not under control. Several protestors have started arriving from other parts of the country to Colombo. The protestors in Colombo are firm that the agitation will continue till President Gotabaya Rajapaksa resigns. Rajapaksa, who fled the Presidential residence, expressed willingness to resign on the 13th of July. […]
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New Delhi: Indian Foreign Minister S Jaishankar assured that India will stand with the Sri Lankan people through the crisis. Sri Lanka is receiving assurances of assistance from other countries too. But an Indian thinktank pointed out that this will not resolve the Sri Lankan Problems as Sri Lanka is completely trapped under the burden […]
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Washington: The common US citizen is feeling the heat of the unprecedented inflation given the incorrect policies of President Joe Biden. It has been exposed that US citizens have been forced to spend nearly $114 billion from their Rainy-Day Savings’. At the same time, a report of the Federal Reserve states that an ordinary US […]
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Berlin/Beijing: The G7 group announced an investment of USD 600 billion to pose a challenge to the ambitious Chinese scheme ‘Belt and Road Initiative’ (BRI). The plan is named ‘Partnership for Global Infrastructure and Investment’. This G7 scheme is believed to be a part of the Build Back Better World scheme announced last year. As […]
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Berlin: The population of Pakistan was given the good news that Pakistan would be removed from the Grey List of countries prepared by the Financial Action Task Force (FATF). It was being dreamed that Pakistan’s trade with other countries would increase, investments would start coming into Pakistan. Consequently, Pakistan will be eligible for loans from […]
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Colombo: Sri Lankan Prime Minister Mahinda Rajapaksa has resigned amid growing public discontent over the country’s unprecedented economic crisis. Prime Minister Mahinda Rajapaksa has tendered his resignation to Sri Lankan President Gotabaya Rajapaksa, saying he was ready to resign if his resignation was to resolve the financial crisis. Violence erupted in several cities, including the […]
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Washington: The rising inflation and declining government expenditure in the wake of the Russia-Ukraine conflict have led to an unexpected slowdown in the US economy. In the first quarter of 2022, US GDP fell by 1.4 per cent. Also, the economy grew by 6.9 per cent in the last quarter of 2021. Against this backdrop, […]
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Washington: The Federal Reserve warned that an increase in the average price for houses and the increasing interest rates on home loans could be the signs of a looming crisis in the housing sector. A similar situation was created in the decade after 2000 and the home prices crashed in 2006. The Global and the […]
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Washington: Following the increase in interest rates, the US Federal Reserve is planning another increase in the interest rate in the current year. Jerome Powell, Chief of Federal Reserve, warned that the new rise in the interest rate could deliver jolts to the US economy. Powell warned not to be under the impression that the […]
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Moscow/Washington: – The Russian Finance Minister has accused those Western countries are making frantic efforts to ensure that Russia does not repay the loans taken from foreign countries, after which the country would be declared a defaulter. Finance Minister Anton Siluanov warned that Russia will not fall prey to these tactics and will repay the […]
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