More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

New York: The global consulting firm McKenzie issued a warning that nearly 60% of the banks in the world have failed to get returns on their investments, and these banks will not be able to take the hit of the recession. Against the background of the indications of recession received from around the world, this […]

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Trade war will push the world into recession, warns Deutsche Bank

Trade war will push the world into recession, warns Deutsche Bank

Berlin: Germany’s ‘Deutsche Bank’ has warned that the aggressive policies adopted by US President Donald Trump will push the world in a deep abyss of recession. Before this, the World Trade Organisation and the International Monetory Fund have also expressed concern about global recession that could trigger due to the US President’s policies. The Deutsche […]

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Cybercrime cost world economy more than $600 billion; Intellectual Property & banking sector prime targets

Cybercrime cost world economy more than $600 billion; Intellectual Property & banking sector prime targets

Washington: The scope of the threats in the cyberspace is increasing by the day and the cybercrimes have costed the world economy to the tune of $600 billion. In rupee terms, this is an astronomical equivalent of ₹40 lakh crore. The leading US think tank, ‘Centre for Strategic and International Studies’ (CSIS) and the cyber […]

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Gold prices may hit record high amid Gulf tensions & Federal Reserve decision – Saxo Bank analyst

Gold prices may hit record high amid Gulf tensions & Federal Reserve decision – Saxo Bank analyst

London/Washington/Copenhagen: Gold prices have hit new highs in the last four years. The price of gold will jump to new heights this year, claimed analysts at Europe’s Saxo Bank. On Monday, gold prices jumped to more than two thousand dollars an ounce on the backdrop of tensions in the Gulf and a possible decision by […]

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BRICS payment system will replace SWIFT in the non-Western world – Senior Russian leader claims

BRICS payment system will replace SWIFT in the non-Western world – Senior Russian leader claims

Moscow: The unipolar system has begun to collapse globally, and a new multipolar system is forming. In this new world away from the dominance of the Western world, the ‘payment system’ developed by the ‘BRICS’ group will replace the existing ‘SWIFT network’, claimed senior Russian leader Igor Morozov. Morozov is a senior parliamentarian of Russia […]

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Indian economy to grow exponentially due to the snowball effect of development-investment-employment – President of World Economic Forum

Indian economy to grow exponentially due to the snowball effect of development-investment-employment – President of World Economic Forum

New Delhi: India will have the highest growth rate among the big countries. This development will increase investment and create tremendous employment opportunities in India. World Economic Forum President Borge Brende believes this will make India’s economy grow and witness a snowball effect. At the same time, President Brende has also claimed that even if […]

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India’s economic growth is being recognised across the world – Finance Minister Nirmala Sitharaman

India’s economic growth is being recognised across the world – Finance Minister Nirmala Sitharaman

New Delhi/Seoul – Economists have not agreed on whether there will be an economic recession this year. But there seems to be a consensus among economists that the Indian economy will progress the fastest. It is claimed that the supply chain crisis associated with manufacturing will also affect the economies of major countries worldwide. However, […]

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Indian banking sector is capable of dealing with crisis caused by insolvency of US & European banks – RBI governor Shaktikanta Das

Indian banking sector is capable of dealing with crisis caused by insolvency of US & European banks – RBI governor Shaktikanta Das

Washington – The world is worried after the bankruptcy of Silicon Valley Bank-SVB of the United States and the Credit Suisse of Switzerland. Warnings are being given that some more banks in the United States and Europe will go bankrupt in the future. Due to this, some economists have warned that an even worse economic […]

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World Trade Organisation should listen to the countries with a different opinion too – Union Finance Minister Nirmala Sitharaman urges WTO

World Trade Organisation should listen to the countries with a different opinion too – Union Finance Minister Nirmala Sitharaman urges WTO

Washington: The World Trade Organization (WTO) must now be more progressive. If a country has something different to say, the WTO should listen to it. Union Finance Minister Nirmala Sitharaman indirectly drew attention to the discrimination in the WTO by saying that these countries are not just sitting and listening. India has repeatedly said that […]

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