Property giant Country Garden’s losses indicate fresh real estate crisis in China – experts warn

Property giant Country Garden’s losses indicate fresh real estate crisis in China – experts warn

Beijing: China’s top real estate company ‘Country Garden’ has not paid interest dues on US dollar bonds. This information emerged as the company announced a seven billion-dollar loss in the first six months of 2023. The company has a total debt burden of $200 billion. Besides, it has surfaced that the company does not have […]

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Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Washington: Western defence companies have made the biggest gains from the Russia-Ukraine conflict, claims a US website. A website named ‘Defense News’ made public the list of the top 100 highest-earning companies in the defence sector in 2022. Over 50 US companies are included in these, and the information has come to the fore about […]

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Cryptocurrency should not get official currency status – warns International Monetary Fund

Cryptocurrency should not get official currency status – warns International Monetary Fund

Brussels – The International Monetary Fund (IMF) warned that if the country’s sovereignty is to be protected, cryptocurrency should not get the status of official currency or legal tender. Doing so would threaten the nation’s economic stability or lead to a spike in inflation. Besides, the IMF has urged the concerned countries to make strict […]

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US State Department warns US citizens to reconsider China travel

US State Department warns US citizens to reconsider China travel

Washington/Beijing – Considering the current unilateral activities of Chinese agencies, various types of sanctions and threats of arrest, China is becoming dangerous for US citizens. Therefore, the US State Department has warned that Americans should reconsider plans to visit or travel to China. It also said that the Chinese Communist government made major changes in […]

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PM Modi slams Pakistan and China over terrorism at virtual SCO meet

PM Modi slams Pakistan and China over terrorism at virtual SCO meet

New Delhi – Some countries are trying to use cross-border terrorism as an instrument for their policies. However, terrorism cannot be supported in any way. SCO has no reason to hesitate to criticise such countries’, Prime Minister Narendra Modi said as he targeted Pakistan and China. While addressing the ‘Shanghai Cooperation Organisation’, Prime Minister Modi […]

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Violence in France continues for 5th consecutive day, spreading to Belgium & Switzerland

Violence in France continues for 5th consecutive day, spreading to Belgium & Switzerland

Paris/Brussels – The intensity of violence that began in France after the death of 17-year-old Nahel Marzouk has continued for the fifth consecutive day. Shops and vehicles are being looted and arson in the capital city Paris and Marseilles. However, the French system could not stop the violent youth. Because of this, some political parties […]

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Europe’s 20-nation Eurozone slips into recession

Europe’s 20-nation Eurozone slips into recession

Brussels – The ‘Eurozone’, consisting of Europe’s 20 top economies, has been hit by recession. The three months from January to March of 2023, following the last quarter of 2022, also saw a decline in the eurozone economy. Whenever the growth rate of an economy shows negative growth for two consecutive quarters, that economy is […]

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