Beijing: China’s economy has been hit hard by the frequent Covid outbreaks over the past year. In 2022, China’s economy registered a growth rate of just three per cent. This is the lowest level since 1976. China’s growth rate has fallen by more than half compared to 2021. In 2021, China had achieved a growth […]
Read More »
Moscow: – Some Baltic countries, along with Germany, Poland and Ukraine, will join forces to form the ‘Fourth Reich’ in Europe. War will break out between France and the ‘Fourth Reich’. Dmitriy Medvedev, the former President of Russia and Vice-Chairman of the National Security Council, has predicted that Europe will be disintegrated and Poland will […]
Read More »
Washington/London: The US Federal Reserve has announced an increase in interest rates by half a percentage point. While making this announcement, Jerome Powell, the head of the Federal Reserve, also warned that interest rates in the United States may reach five percent by the end of 2023. After the Federal Reserve’s announcement, the Bank of […]
Read More »
Washington: President Joe Biden recently claimed that more than ten million jobs were created in the United States during his tenure. However, Biden’s remarks are drawing resentment among American voters. US citizens have expressed concern that even though jobs are being created, their salaries are inadequate in the face of inflation. At the same time, […]
Read More »
Washington: The USD is currently at its highest level in two decades and the rest of the world’s economies are suffering the consequences. The International Monetary Fund (IMF) has warned that the USD’s strength is becoming problematic and its effects are beginning to show. This warning from the IMF is getting support from other countries […]
Read More »
London: Last week, the ‘mini-budget’ presented by British Finance Minister rocked the economy. Against this backdrop, the British central bank announced an additional £65 billion in aid to revive the economy. The Bank of England informed that these funds would be used to purchase government bonds issued by the British government. Meanwhile, British Prime Minister […]
Read More »
Washington: The US dollar has reached its highest level in the last two decades. Compared to the dollar, the Chinese currency, Yuan has reached the bottom and recorded the lowest level. The changes recorded in the currencies of the world’s first and second largest economies are significant. With the US Federal Reserve raising interest rates […]
Read More »
Washington: On Wednesday, the US central bank ‘Federal Reserve’ announced an increase in interest rates by half a per cent. After this announcement, the interest rate in the US reached 3.25%, the highest since 2008. While announcing this, the Federal Reserve also indicated that interest rates in the United States will be increased to 4.6% […]
Read More »
Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
Read More »
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 […]
Read More »
