Beijing: China, the world’s second-largest economy, is still in recession. Last month, it was revealed that China’s economic growth rate had dropped to 0.4%. After that, there are indications that the crisis in China’s ‘Real Estate’ sector is taking a more serious form. International financial institutions have predicted a 30% drop in China’s housing and […]
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Berlin: The German Commerce Minister had warned a month ago, ‘The United States was hit by recession following the Lehman Crisis in 2008. If Russia cuts off fuel supplies to Germany, the situation in the country will be similar to the Lehman Crisis. Repercussions of this will be felt all over the world.’ This German […]
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New Delhi – Depreciation of the Indian rupee continued on Tuesday and reached Rs 80.05 against the USD. Warnings are being issued that this depreciation is a cause for concern. But Ajay Seth, Secretary of the Economic Affairs Ministry, has assured that there is no need to get alarmed by this. Ajay Seth pointed out […]
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Warsaw: Aija Kalnaja, chief of Frontex, warned that the Russia-Ukraine conflict has affected food grain exports and has caused a food shortage in the African and Middle Eastern countries. The intensity of this shortage is increasing by the day. Therefore, a fresh immigrant influx could be triggered in the coming times.’ It was revealed that […]
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New Delhi: Indian Foreign Minister S Jaishankar assured that India will stand with the Sri Lankan people through the crisis. Sri Lanka is receiving assurances of assistance from other countries too. But an Indian thinktank pointed out that this will not resolve the Sri Lankan Problems as Sri Lanka is completely trapped under the burden […]
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Berlin: Last week, Russia reduced the fuel supply to some leading European countries. Taking the Russian aggression into account, Germany declared an Alarm Stage in the fuel sector. German Commerce Minister Robert Habeck warned that if the situation does not improve soon or if Russia stops fuel supplies, the resulting fuel crisis will be like […]
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New Delhi: ‘The Indian economy, which is currently at $3.3 trillion, will grow to $5 trillion in the 2026-27 fiscal year. In the financial year 2033-34, the Indian economy will jump to $10 trillion,’ said Chief Economic Advisor Anantha Nageshwar. Analysts across the world agree that India is progressing at a promising pace at a […]
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Beijing: While the outbreak of the Coronavirus pandemic and the lockdowns imposed given the pandemic are adding to the discontent of the Chinese population, a more disturbing report has surfaced. It has been exposed that there is a huge growth in unemployment among the youth in the urban regions. The Chinese National Bureau of Statistics […]
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Paris: – Fatih Birol, the Chief of the International Energy Agency (IEA), issued a serious warning that taking into account the lead position of Russia in the international energy sector, sanctions imposed against this country could trigger a global energy crisis. Many leading countries, including the European countries, are dependent on Russian fuels. The oil-producing […]
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Paris/Moscow/London: – French Finance Minister Bruno Le Maire warned that the flare-up in the oil rates following the Russian attack on Ukraine and its consequences are similar to the Oil Shock of 1973. The French Finance Minister warned that the global economy could slow down given the situation created in the oil market. The current […]
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