Beijing: Against the background of the trade talks with the United States and the parliamentary session, it has been observed that the economy has received major shocks. Exports, the mainstay of the Chinese economy, have recorded a decline of 20% in February and imports, trade profits and stock markets also have been hit severely. While […]
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Canberra: “Space is one of those domains that Australia needs to expand – our understanding of what is in the sky above us is important”, Chief of the Australian Air force, Air Marshal Leo Davies hinted at Australian government’s willingness to make a significant investment in space. This announcement by Australia assumes significance, amid warnings […]
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Beijing: Analysts have claimed that the challenges faced by Chinese President Xi Jinping are increasing because of the slide in the economy, trade war with the United States and the international criticism on the issues of Huawei and Xinjiang. Meeting of the ruling Communist party started on Sunday, and the parliamentary session is scheduled to […]
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Moscow: BRICS (Brazil, Russia, India, China, South Africa), the international group of nations has decided to develop an independent payment system to counter the domination of the United States and western countries over the global economy. The Russian media has published a report on it which claims that the Russian Direct Investment Fund along with […]
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Washington: The federal debt of the United States has reached $22 trillion. The analysts are claiming that every US citizen is under the shadow of economic crisis, because of this enormous debt. The US Treasury department announced that the debt had been increased by $30 billion within one month. The Treasury department also has expressed […]
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Beijing: The negotiations to resolve the trade war between the United States and China have claimed to be entered the final stage. However, it is at this stage that China has been receiving jolts one after the other that makes it weak in the trade negotiations, as per analysts. Both the important parameters of the […]
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Canberra: Australia has delivered a severe blow to China, who is trying to exert its influence in the political, economic, education and other sensitive sectors in Australia. The attempt of Chinese industrialist, Huang Xiangmo, a close aide to the ruling Chinese communist party for acquiring Australian citizenship has been thwarted. The Australian media reported that passport […]
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Washington/Caracas/Ankara: The Venezuela factor has added to the already reigning differences between the United States and Turkey over the Syrian conflict. Maduro government has decided to sell the gold reserves to Turkey following the economy hitting the rock-bottom. However, the United States has expressed strong discontent over this trade. At present, the Venezuelan economy has […]
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Kuala Lumpur/Beijing: Malaysian Minister for Economic Affairs, Azmin Ali, announced the closure of the $19 billion railway project, part of the One Belt One Road (OBOR) scheme, saying, ‘It is beyond the capacity of Malaysia, to support the railway project being implemented by China. Therefore, we have decided to cancel the project completely.’ This Malaysian […]
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Moscow/Washington: The chief of the Russian stock market has asserted that Russia can offer investment in the Russian Gold as an excellent alternative for those investing in the US dollar. Only a few days ago, it was reported that Russia had taken its Gold stocks to 2,100 tonnes valued at $87 billion in the foreign […]
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