The US dollar may soon lose its status as world’s reserve currency, a former executive at Lehman Brothers warns

The US dollar may soon lose its status as world’s reserve currency, a former executive at Lehman Brothers warns

Washington: Although the US dollar is currently at its peak, it will lose its status as a global reserve currency soon, warned Lawrence MacDonald, a former senior official at Lehman Brothers. MacDonald also cautioned that the globally used SWIFT payment system is being used as a weapon to end the dominance of the US dollar. […]

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Violence may flare up in West Bank after Benjamin Netanyahu’s victory – US State Secretary warns Israel

Violence may flare up in West Bank after Benjamin Netanyahu’s victory – US State Secretary warns Israel

Jerusalem/Washington: Benjamin Netanyahu is confirmed to become the Prime Minister of Israel again after his success in the Israeli elections. While world leaders were congratulating Netanyahu for this, US Secretary of State Antony Blinken called outgoing Israeli Prime Minister Yair Lapid to thank him for his cooperation. At the same time, the US Secretary of […]

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After US Federal Reserve, Bank of England announces interest rate hike: International stock markets fall

After US Federal Reserve, Bank of England announces interest rate hike: International stock markets fall

Washington/London: The British central bank followed suit after the announcement of an interest rate hike by the US Federal Reserve on Wednesday. These countries, the world’s leading economies, have increased interest rates by half a percentage point each. The US has raised its interest rate to 4 per cent and the interest rate in the […]

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German navy successfully tests laser weapon system capable of destroying drones

German navy successfully tests laser weapon system capable of destroying drones

Berlin: The German Navy has reported that it has successfully tested a laser weapon system that intercepts aerial targets from a warship. Germany informed that a high-energy laser weapon was used during this test conducted in the Baltic Sea area. Rheinmetall and MBDA Systems have jointly developed this laser weapon system. Germany becomes the sixth […]

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Repercussions of Iranian drone program’s success felt in Middle East

Repercussions of Iranian drone program’s success felt in Middle East

Tehran: Iranian drones were effectively used by the Russian military to attack Ukraine. The Kamikaze drones produced in Iran proved to have caused significant damage in Ukraine. Western countries, including Ukraine, took serious cognisance of this. US House Speaker Nancy Pelosi warned that Iran made a mistake by cooperating with Russia. Iran’s Supreme Leader Ayatollah […]

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Coronavirus Pandemic originated from Wuhan Lab – US Senators’ Committee reports

Coronavirus Pandemic originated from Wuhan Lab – US Senators’ Committee reports

Washington/ Beijing: The US Senators’ Committee has concluded that the Coronavirus pandemic that started in China three years ago originated from the Wuhan lab. China cannot be given the benefit of the doubt anymore. The Health Committee of the US Senate has submitted its report to the Parliament and it has been said that there […]

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US initiates moves to deploy advanced weapons in European nations

US initiates moves to deploy advanced weapons in European nations

Washington: In view of the statements made by Russia about a nuclear attack, the US has started moves to deploy advanced nuclear weapons in European countries. The ‘B-61 gravity nuclear bombs’ developed by the US will be deployed in European countries in the next two months, the website ‘Politico’ has informed. Besides, the American website […]

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Hackers jolt Iran by leaking classified information about nuclear programme  

Hackers jolt Iran by leaking classified information about nuclear programme  

Tehran/ Dubai: ‘Unlike the West, we are not close to Iran’s criminal leaders. We deliver exactly 100 per cent of what we promise’, said the hackers and released classified information about Iran’s nuclear programme on social media. The hackers had given Iran a 24-hour deadline demanding the release of political leaders and protesters imprisoned by […]

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