Australia-China trade war erupts 

Australia-China trade war erupts 

Canberra/Beijing: – Trade war has been sparked between Australia and China and China has given indications of stopping the import of seven Australian products. Although China has not announced the decision on the official level, it has ordered the Chinese industry to stop imports of Australian products. These include prawns, coal, wood, sugar, copper, barley […]

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Experts say bullish trend returning to Indian economy; PMI highest in 13 years

Experts say bullish trend returning to Indian economy; PMI highest in 13 years

New Delhi: Experts claimed that following the battle with the Coronavirus, the bullish trend is returning to the Indian economy. The experts pointed to the reports, giving positive indications regarding the economy, received during the last two days. The PMI index of India has been upgraded for the third successive month. There is an improvement […]

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More than 50% of small and medium businesses in Europe will close down, warns advisory company McKinsey

More than 50% of small and medium businesses in Europe will close down, warns advisory company McKinsey

New York: While Europe is grappling with the fears of a relapse of the Coronavirus pandemic, a global advisory company has warned that thousands of companies, in Europe, may be forced to wind up. This warning is given by the McKinsey company, in its report published, after surveying more than 2,000 small and medium European […]

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US to impose sanctions on the countries selling arms to Iran

US to impose sanctions on the countries selling arms to Iran

Washington/Tehran: – Iran announced the intent to sell and purchase arms from allies, after the term of sanctions imposed by the United Nations on Iran ended on Sunday. The United States, infuriated with this, has threatened to impose sanctions against anyone supplying arms to Iran. Whereas, the Iranian foreign ministry criticised that the US efforts […]

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China should cancel debt of poor countries hit by Coronavirus, demands World Bank

China should cancel debt of poor countries hit by Coronavirus, demands World Bank

Washington/Beijing: The World Bank has demanded that China, known as the largest lender in the world, should waive the loans given to the under-developed countries against the background of the Coronavirus pandemic. All the member countries had concurred on this during the G20 meeting held in April. But China started dilly-dallying regarding loan waiver, saying that […]

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Saudi and Arab countries must boycott Turkey completely, appeals Saudi official 

Saudi and Arab countries must boycott Turkey completely, appeals Saudi official 

Riyadh: Saudi Arabia has indicated of delivering a strong economic jolt to Turkey, who is making vitriolic criticism against Saudi Arabia and the Arab countries. The Saudi Chamber of Commerce appealed, ‘Boycott all the products exported from Turkey, including investment and tourism with Turkey. Boycott whatever is Turkish. It is the duty of every Saudi […]

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European economy will receive a severe jolt due to Corona, warns a senior German official

European economy will receive a severe jolt due to Corona, warns a senior German official

Berlin: – Senior German official Joachim Wuermeling warned ‘The aftereffects of the lockdown in view of Coronavirus, have still not become visible. The Banking sector will have to bear a brunt of the lockdown. It is difficult to predict the scope of jolts on the economic level. But the jolt received by the banking sector, while there are indications […]

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