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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Taipei – Chinese destroyers and fighter jets had so far patrolled close to the Taiwan Strait. It is the first time China’s aircraft carrier, Shandong, has travelled close to Taiwan. At the same time, Taiwan’s Defense Ministry has informed that 35 Chinese fighter jets conducted drills challenging Taiwan’s airspace. There are claims that China has […]
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Washington/Moscow: Russia has retained its fuel business despite sanctions imposed by the West in the backdrop of the Russia-Ukraine conflict that started last year. In the last week of August, the US website ‘Bloomberg’ provided information that Russia’s crude oil exports have reached up to 3.4 million barrels daily. It is said to be the […]
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Moscow/London – A UK expert has claimed that Russian hackers were behind the cyber attack on the UK Ministry of Defence (MoD). Besides, the theft of sensitive information associated with the UK’s nuclear submarine Trident and intelligence agency GCHQ has surfaced in these cyber attacks. Moreover, it has become the third incident of Russian cyber […]
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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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Washington/Beijing – The top US newspaper has claimed that the model of economic progress that took China to become the second-largest economy in the world is over. The data revealed in the last few months confirm that the Chinese economy, which has maintained the pace of economic growth for nearly four decades, encompasses various crises. […]
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Washington: On Tuesday, the top international rating agency Fitch Ratings, released a report on the sliding status of the US economy. This Fitch report has strongly impacted the global stock market, including the United States. Asian and European stock markets have suffered huge losses along with major US indices. After the report of Fitch, the […]
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New Delhi: Prime Minister Narendra Modi and Russian President Vladimir Putin had discussions over the telephone. After the rebellion of the Wagner Group, this conversation between the leaders of both countries is considered quite significant. During this conversation, Prime Minister Modi expressed India’s support for Russia to President Putin. It was clear from the talks […]
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Washington – Prime Minister Modi’s visit to the United States was not anti-China, the US White House clarified recently. However, analysts worldwide are stating that the cooperation of India and the United States is against the China threat. The US strategic analysts have realised that the United States is facing a serious challenge from China, […]
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