cryptocurrency
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Wikipedia
Read More »Indian Government panel recommends clampdown on cryptocurrency dealers
New Delhi: A government panel is said to have advised the closure of businesses dealing in the buying and selling of cryptocurrency as also of cryptocurrency exchanges operating in the country. While the ‘Bitcoin’ hits a new high, with its value growing 200 percent in the course of the past seven weeks, the number of […]
Read More »Counterfeit currency notes seized in Rajkot
New Delhi : A few days ago, the Indian Border Security Forces had seized fake currency notes of Rs 2,000 denomination on India-Bangladesh border. Subsequently, there has been a considerable rise in the number of counterfeit currency note printing incidents. Today, the Gujarat police seized a large number of fake currency notes of Rs 500 and […]
Read More »Venezuelan Foreign Minister confirms de-dollarisation of Russian trade
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 […]
Read More »After Netherlands & Germany, Europe’s top economy ‘Norway’ suffers due to zero growth
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 […]
Read More »US dollar may lose its dominance – Former President Donald Trump warns
Washington – Former US President Donald Trump expressed concern about the future of the US dollar, saying, ‘We have something very powerful, and that’s our dollar. But take a look at what’s happening to it now with other countries not using it, and you know China wants to replace it with the Yuan, which was […]
Read More »BRICS payment system will replace SWIFT in the non-Western world – Senior Russian leader claims
Moscow: The unipolar system has begun to collapse globally, and a new multipolar system is forming. In this new world away from the dominance of the Western world, the ‘payment system’ developed by the ‘BRICS’ group will replace the existing ‘SWIFT network’, claimed senior Russian leader Igor Morozov. Morozov is a senior parliamentarian of Russia […]
Read More »Europe’s 20-nation Eurozone slips into recession
Brussels – The ‘Eurozone’, consisting of Europe’s 20 top economies, has been hit by recession. The three months from January to March of 2023, following the last quarter of 2022, also saw a decline in the eurozone economy. Whenever the growth rate of an economy shows negative growth for two consecutive quarters, that economy is […]
Read More »Biden administration’s failure will crash the international market – Famous economist Nouriel Roubini warns
Doha – US’s leading economist Nouriel Roubini warned that the Biden administration’s failure to take a firm decision on raising the debt ceiling could have serious consequences. He said this would lose confidence in the US dollar, and global markets would collapse. He added that the results will be seen on Wall Street in the […]
Read More »Debt burden on global economy at $305 trillion – Institute of International Finance warns
Washington – The international study group, Institute of International Finance (IIF), has warned that the debt burden on the world economy has reached $305 trillion. The IIF pointed out that factors such as the increasing ageing population in developed countries, growing expenditure on the healthcare sector, additional provision for defence due to geopolitical tensions and […]
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