London: – The international community criticised that the situation after the Russian attack on Ukraine is the worst period since the second world war. US President Joe Biden has warned that only Russia is responsible for the loss of human lives and the destruction caused by the attack. The United States and the United Kingdom […]
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London: – The demand for Gold is seen to be rising on the international level and the World Gold Council informed that the demand for Gold exceeded 4,000 tonnes in the last year. As per the report ‘Gold Demand Trends 2021’, Gold demand increased by 10% in 2021. The World Gold Council said that the […]
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Beijing: – China has announced a cut ranging between 20% and 25% in the salaries of the government employees. Whereas, new year bonuses announced for the employees and officers from the education department have been withdrawn. Reports of China recovering major debts from the entrepreneurs, investors, and local artists were also received earlier. Citing these […]
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Beijing – Fresh Coronavirus outbreaks and decline in the investment, retail, hoteling and real estate sectors have once again slowed down China’s economy. In the July-September quarter, China’s economic growth slowed by 0.8 per cent. New figures show that the Chinese economy continued to suffer for two consecutive months in October and November. Analysts are […]
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New Delhi – Reserve Bank of India (RBI) governor Shaktikanta Das said that India’s banking industry has tremendous potential. If all the factors are aligned cohesively, the economy will progress rapidly. Moreover, it would provide an impetus to the global economy.’ On Sunday, RBI Governor was addressing a function to launch a program, ‘Depositors First: […]
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New Delhi: – Indian Finance Minister Nirmala Sitharaman claimed that for the long-term recovery of the global economy, all countries must work together to make progress. Finance Minister Sitharaman made the statement during a virtual meeting of the G20 International Seminar on the global economy against the background of Coronavirus. The G20 is known as […]
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Riyadh: – Saudi Crown Prince, Mohammed Bin Salman, has announced plans to build the world’s first non-profit city. The city is part of a plan to develop a non-profit sector internationally. Moreover, Saudi claims that this will be a hub for energy and incentives for youth and volunteer groups. This is the third time in […]
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Beijing: – After Evergrande, China’s leading real estate company, indications are that other big companies also may default in debt repayments. They include Fantasia, Scenic Holdings along Modern Land. It is learned that the company defaulted on payment to the tune of $250 million. Analysts predict that the energy sector crisis and the Coronavirus pandemic’s […]
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Washington: – The International Monetary Fund (IMF) has said that the government debt burden in the global economy has reached $88 trillion. The debt is about 98% of GDP and is expected to grow further soon. During the Coronavirus pandemic period, measures taken by various countries to revive the economy led to an increase in […]
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Beijing: – Analysts and the media are warning that the ongoing power shortage in China will have a major impact on the global economy. More than 20 provinces in China are facing severe power shortages, and supply to thousands of companies and factories has been reduced. As a result, the manufacturing sector has been hit […]
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