European Central Bank unprecedentedly hikes Interest Rates by 0.75% given the possibility of recession

European Central Bank unprecedentedly hikes Interest Rates by 0.75% given the possibility of recession

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 […]

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30 killed and over 400 injured in Iraq in the violence perpetrated by Al-Sadr supporters

30 killed and over 400 injured in Iraq in the violence perpetrated by Al-Sadr supporters

Baghdad: After violence unleashed by his supporters left 30 dead and over 400 injured, creating chaos in the Iraqi capital, Muqtada Al-Sadr called on his supporters to stop the protests. Earlier, Al-Sadr’s supporters demonstrated their power by infiltrating Iraq’s high-security Green Zone with weapons. In some places, his supporters clashed with Iraqi security forces. But […]

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Iran Nuclear Deal is in its final stages, a special meeting of Arab Nations begins in Egypt

Iran Nuclear Deal is in its final stages, a special meeting of Arab Nations begins in Egypt

Cairo: Amid reports that the Iran nuclear deal has reached its final stages, an emergency meeting of Arab countries has begun in El Alamein city of Egypt. Egyptian President Abdel Fattah el-Sisi has hosted this meeting. It leads to the attention that Saudi Arabia is not included in this meeting of Arab countries. For the […]

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China restless due to US-South Korea joint war exercises

China restless due to US-South Korea joint war exercises

Seoul: After almost five years, the US and South Korean armies have started the most extensive joint military exercises. South Korean officials said the joint exercise was held because of the growing threat from North Korea. But this war exercise has made China extremely uncomfortable. Chinese mouthpiece alleged that the United States is demonstrating its […]

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Ukraine conflict will end dominance of the West – Hungarian Prime Minister Viktor Orban

Ukraine conflict will end dominance of the West – Hungarian Prime Minister Viktor Orban

Budapest: Hungarian Prime Minister Viktor Orban warned that the ongoing conflict in Ukraine has the potential to end the dominance of the West at the international level. The Hungarian Prime Minister has also warned that the West is unlikely to win this conflict militarily. In an interview with a German magazine, Orban concluded that the […]

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Rise in the number of insolvent companies in Europe: Eurostat report

Rise in the number of insolvent companies in Europe: Eurostat report

Brussels: The Coronavirus pandemic, fuel shortage, and inflation have led European companies to go bankrupt. Eurostat, known as the ‘Statistics Agency’ of the European Union, recently published a report in this regard. According to the report, the number of insolvent companies has increased by 2.2 per cent in three months, from April to June. By […]

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Israel and Turkey to establish diplomatic relations once again after tension for 12 years

Israel and Turkey to establish diplomatic relations once again after tension for 12 years

Jerusalem: Israeli President Isaac Herzog announced to restore diplomatic relations between Israel and Turkey, calling for all religions to live in peace with each other. Israel has said that re-establishing ties with Turkey is essential for regional stability. As a first step in these efforts, both countries announced that they would open embassies in the […]

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China is preparing to attack Taiwan by organising war exercises, informs Taiwanese Foreign Minister

China is preparing to attack Taiwan by organising war exercises, informs Taiwanese Foreign Minister

Taipei: Taiwan’s Foreign Minister Joseph Wu has indicated that China intends to change the dynamics of the Indo-Pacific region by attacking Taiwan, for which China is conducting air and naval military exercises around Taiwan. Foreign Minister Wu expressed concerns that the current Chinese threat to Taiwan has increased like never before. On Sunday, 66 Chinese […]

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Aircraft carrier INS Vikrant handed over to the Indian Navy – Navy claims this a historic event

Aircraft carrier INS Vikrant handed over to the Indian Navy – Navy claims this a historic event

New Delhi: Indian Navy has taken over the aircraft carrier INS Vikrant from Cochin Shipyard. This is a historic event for the Navy because INS Vikrant is the first indigenously built aircraft carrier. Besides, this has made India join the ranks of countries with the capability to build aircraft carriers. It is expected that INS […]

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