Moscow/Beijing: The United States and Europe are trying to ban Russian fuel against the background of the Ukraine war. A few days ago, the European Union even moved a proposal to stop crude oil imports from Russia. Europe has expedited moves to increase procurement of fuel gas from the United States, Gulf countries and Africa […]
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Beijing: Effects of the strict implementation of the Zero COVID Policy by the Chinese government have started showing in the Chinese economy. During a meeting on Thursday, Chinese President Xi Jinping announced that the Zero COVID policy would continue under any circumstances. At the same time, he also indicated that the Chinese population would have […]
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Moscow: Major explosions have been reported from Russia in the offices linked with the military, weapons exporter companies and chemical companies over the last two weeks. A railway bridge near the Ukraine border suffered significant damage in one of the blasts. All these incidents indicate that the Ukraine conflict has its repercussions in Russia. Russian […]
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London: Japan and United Kingdom have agreed on a comprehensive defence cooperation agreement as a countermeasure to China’s increasingly assertive actions in Asia and the Indo-Pacific region. This is the first time Japan has signed a reciprocal access agreement with a European country. Previously Japan had signed similar defence cooperation agreements with the United States […]
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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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New Delhi: The Enforcement Directorate (ED) seized deposits in the bank accounts of the leading Chinese mobile handset manufacturer Xiaomi. Xiaomi India has illegally siphoned funds out of India in the last few years. An official from the ED said that the deposits were seized as this is a violation of the Foreign Exchange Management […]
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Beijing: While the outbreak of the Coronavirus pandemic and the lockdowns imposed given the pandemic are adding to the discontent of the Chinese population, a more disturbing report has surfaced. It has been exposed that there is a huge growth in unemployment among the youth in the urban regions. The Chinese National Bureau of Statistics […]
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Bangalore: Prime Minister Narendra Modi said that the future demand and importance of semiconductors would be unimaginable. Hence the Government has plans to make India a global hub for semiconductors. Prime Minister Modi said that currently, 20% of the skilled engineers in the field of semiconductors are of Indian origin and that almost 25% of […]
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Washington: The rising inflation and declining government expenditure in the wake of the Russia-Ukraine conflict have led to an unexpected slowdown in the US economy. In the first quarter of 2022, US GDP fell by 1.4 per cent. Also, the economy grew by 6.9 per cent in the last quarter of 2021. Against this backdrop, […]
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Berlin/Moscow: The European countries, cornered after Russia stopped fuel supplies to Poland and Bulgaria, have expressed willingness to pay Russian debts in Roubles. These include Austria and Slovakia, along with Germany, the leading European country. While indications were being received that the European Union is uniting against Russia, this report has created a stir in […]
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