London: Catherine Shakdam, a French-British analyst, warned, ‘The geographical location of Iran is a bigger strength of the country than nuclear weapons. Iran will use nuclear weapons as a shield. But Iranian control over the Strait of Hormuz and Bab Al-Mandab Gulf could block the entire global fuel movement. The crisis created in that scenario […]
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Berlin: Last week, Russia reduced the fuel supply to some leading European countries. Taking the Russian aggression into account, Germany declared an Alarm Stage in the fuel sector. German Commerce Minister Robert Habeck warned that if the situation does not improve soon or if Russia stops fuel supplies, the resulting fuel crisis will be like […]
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Moscow: The United States and European countries have blamed the conflict between Russia and Ukraine for rising inflation and famine in Africa. But President of Senegal and the Chief of the African Union, Macky Sall, has dismissed these accusations against Russia. President Sall criticised that instead, the threat of the food crisis increased given the […]
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Moscow/ Washington: By attacking Ukraine, Russia has deprived millions of people around the world of food. The United States has accused Russia of using food as a weapon. However, Russia has counter-accused the United States of trying to seize food supplies from Ukraine. Russia has warned that the US action could lead to global food […]
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Berlin: The G7 group has warned that a severe crisis is developing in the food and energy sector on the global level, given the Russia-Ukraine conflict. While issuing this warning during the G7 meeting in Berlin, the G7 member countries warned that the poorer countries were being hit hard due to this crisis. German Foreign […]
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Moscow: Russia’s President Vladimir Putin has warned that sanctions imposed on Russia by the West over the Ukraine conflict have led to a global economic crisis, food shortages and starvation among several developing countries. Russia is facing tough sanctions, and its economy is slowly recovering, he said. Amid Putin’s claims, Russia’s currency, the Ruble, has […]
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Paris/Moscow: As the energy crisis in Europe worsens due to the ongoing Russia-Ukraine conflict, it is reported that France, one of the leading countries, is hit by a 50% reduction in its nuclear power generation. Nearly 56 nuclear plants in France are in shutdown due to security and maintenance reasons, causing a huge energy deficit. […]
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Washington: The Federal Reserve warned that an increase in the average price for houses and the increasing interest rates on home loans could be the signs of a looming crisis in the housing sector. A similar situation was created in the decade after 2000 and the home prices crashed in 2006. The Global and the […]
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Paris: – Fatih Birol, the Chief of the International Energy Agency (IEA), issued a serious warning that taking into account the lead position of Russia in the international energy sector, sanctions imposed against this country could trigger a global energy crisis. Many leading countries, including the European countries, are dependent on Russian fuels. The oil-producing […]
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Paris/Moscow/London: – French Finance Minister Bruno Le Maire warned that the flare-up in the oil rates following the Russian attack on Ukraine and its consequences are similar to the Oil Shock of 1973. The French Finance Minister warned that the global economy could slow down given the situation created in the oil market. The current […]
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