Fearing fresher and harsher US sanctions, the Iranian Rial hits an all-time low

Fearing fresher and harsher US sanctions, the Iranian Rial hits an all-time low

Tehran: The Iranian economy, which is already in trouble because of the economic sanctions imposed by the United States is facing a new and even more difficult challenge. The lurking fear of fresher and harsher sanctions by the United States has triggered a record drop in the value of the Iranian Rial, which sunk to […]

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‘Rothschild Bank’ involved in financial malpractices, claim Swiss agencies

‘Rothschild Bank’ involved in financial malpractices, claim Swiss agencies

Bern: There are accusations that the Rothschild Bank was involved in the corruption and financial irregularities during the rule of former Malaysian Prime Minister Najib Razak. The ‘Financial Market Supervisory Authority’ (FINMA) from Switzerland has made this claim. Najib Razak had to step down because of the corruption in the ‘1MBD’ fund, known as the […]

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CPEC project stalled due to financial crisis, claims a Pakistani daily

CPEC project stalled due to financial crisis, claims a Pakistani daily

Islamabad/Beijing: The China-Pakistan Economic Corridor (CPEC) project, that serves as a symbol of the China-Pakistan ties has run into financial trouble, claimed a leading Pakistani daily. The daily reports that many projects under this scheme have been stalled because of the financial crisis. The expose of CPEC landing into trouble just before the general elections […]

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No distrust shown in US Intelligence agencies about Russian interference in US elections; clarifies President Trump

No distrust shown in US Intelligence agencies about Russian interference in US elections; clarifies President Trump

Washington: President Trump, who had absolved Russia of the accusations of involvement in the US elections, has changed his stance. Saying that he has never shown distrust in the US intelligence agencies, he claimed that he could have inadvertently mentioned certain things in his speech in Helsinki, which could have led to misunderstandings. Moreover, expressing […]

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Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

Washington: The experts and analysts in the oil sector have claimed that crude oil rates could rise up to $120 due to the sanctions imposed by the United States on Iran and the trade war in the global economy. The oil supply from Iran has declined since the European and Asian countries have taken steps […]

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China warns that the trade war enforced by the US will slow down the global economy

China warns that the trade war enforced by the US will slow down the global economy

Beijing: China has warned that the intensifying trade war started by the United States will result in a global economic slowdown. The Chinese economic growth rate has seen a decline for the second consecutive quarter, and it is being attributed to the trade war with the United States. US President, Donald Trump has warned of […]

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India submits a design proposal for Taiwan’s indigenous defence submarine

India submits a design proposal for Taiwan’s indigenous defence submarine

New Delhi/Taipei: Considering the threat posed by China, Taiwan is making attempts to strengthen its military power and has recently decided to build eight diesel-electric submarines. India has reportedly offered assistance to Taiwan for this project. As per the claims of the Taiwanese media, besides the United States and two more European companies, Japanese and […]

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United States under threat of a huge cyber-attack of the scale of 9/11, warns US National Intelligence Chief, Daniel Coats

United States under threat of a huge cyber-attack of the scale of 9/11, warns US National Intelligence Chief, Daniel Coats

Washington: “Prior to the 9/11 attacks, the US intelligence had noted some dangerous upheavals taking place. The US agencies could see danger lurking as the system was blinking red. Today, after almost two decades, I’m here to say the warning lights are blinking red once again,” with these words the Chief of US Intelligence warned […]

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US to increase 10% tax on Chinese goods worth $200 billion

US to increase 10% tax on Chinese goods worth $200 billion

Washington: US President, Donald Trump has threatened to tax Chinese imports worth $200 billion. US trade representative, Robert Leitheiser gave this information and indicated that the taxes will be implemented from September. The implementation of the taxes imposed on Chinese goods worth $34 billion has already started and in the next few days, the recovery […]

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Against the backdrop of trade war with the US, China and Germany strike multi-billion-dollar trade cooperation deals

Against the backdrop of trade war with the US, China and Germany strike multi-billion-dollar trade cooperation deals

Berlin: While the trade war with the United States is intensifying, China has challenged the United States by establishing independent trade cooperation with Germany. Germany and China have signed a trade deal worth $ 23.5 billion for cars, mobile phones and other sectors and leaders of both the countries have criticised it as cooperation against […]

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