– Attacks continue even after a new 72-hour ceasefire – US prepares to send Marines into Sudan – South Korean and Japanese planes reach Djibouti Khartoum – Civil war that has erupted in Sudan since last week has killed 413 people and injured 3551. Sudan’s Army Chief, General Burhan, announced they were ready for a […]
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New Delhi: Big reserves of rare mineral Lithium have been found in Jammu and Kashmir. It is for the first time that such huge deposits of Lithium were found in India, informed Union Mining Secretary Vivek Bhardwaj. The Geological Survey of India (GSI) has informed that this deposit has been found in the Reasi district […]
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Islamabad: Taliban has arrested two Chinese nationals from Jalalabad city in Afghanistan for attempting to smuggle rare earth lithium to Pakistan. Heavy stones weighing 1000 tonnes have been seized. It is the first instance wherein the Taliban has taken any action since gaining power. The US agencies have claimed Afghanistan has huge reserves of minerals […]
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Washington: If the Chinese government intends to make its currency Yuan the global reserves currency, they have to implement more reforms. The International Monetary Fund (IMF) advised that China will have to lift restrictions on the capital marketplace and decide to make the currency fully convertible. Gita Gopinath, the Chief Economist at the IMF, gave […]
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Moscow: Russian President Vladimir Putin retorted ‘Many Western countries have decided to freeze Russian funds and assets. But the decision has resulted in the USD and Euro biting the dust.’ Putin has repeatedly questioned the USD’s credibility and has appealed to find an alternative for it. But the Russian President seems to have delivered a […]
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Moscow/Beijing: – Russia has turned its attention to China to counter the stringent sanctions imposed by the western countries. The Russian banks, worst hit by the western sanctions, have started using Chinese currency, Yuan. VTB, the leading Russian bank, has appealed to its customers to convert their deposits to Yuan and has even assured an […]
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Beijing – The United States has frozen nearly USD 9 billion in Afghan assets in its territory since the Taliban took control of the country. A decision to impose sanctions on the Taliban could be taken at the forthcoming G7 meeting. In such a scenario, China has announced to provide financial assistance to Afghanistan. China […]
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Moscow: – The USD component in the Russian National Wealth Fund, created out of the foreign reserves, has been brought to zero. As per the information given in January 2021, the USD share in the National Wealth fund was to the extent of 35%. Russian President Vladimir Putin had initiated the process of de-dollarization in […]
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Moscow – Russian Finance Minister Anton Siluanov announced that Russia would expel the US dollar from the ‘National Wealth Fund’, being created from the reserves with the Russian government. This information was given in the St. Petersburg Economic Forum, which started in Russia. As per the information given in January 2021, a fund of USD […]
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New Delhi/Washington: US companies have invested more than USD 40 billion in India through the Foreign Direct Investment (FDI) route. The US investment coming, even during the Coronavirus crisis, becomes significant. This underlines that the confidence of the US companies in the Indian marketplace is increasing. At the same time, Larry Kudlow, Director of the […]
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