Moscow/Washington – Russia has warned that if the G7 group, including the US, tries to confiscate Russian assets abroad and use them for Ukraine, Russia’s response will be ‘tit for tat’. These efforts initiated by Western countries will be challenged at the legal level and may weaken the foundation of the global economy, President Vladimir […]
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Kuala Lumpur: Nearly 500 million people worldwide are expected to move to cities over the next seven years due to the growth of the global economy. Due to this, the fuel requirement will increase more. The demand for essential crude oil will rise to 110 million barrels per day in the next decades, claimed the […]
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New Delhi – Union Finance Minister Nirmala Sitharaman announced that India’s Gross Domestic Product, i.e. GDP, has reached $3.75 trillion. By sharing this information on social media, the Finance Minister has drawn attention to the issue that the US, China, Japan and Germany are ahead of India. India, which had a GDP of $2 trillion […]
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Beijing/Khartoum: Over the past decade, China has emerged as the largest credit lender for African countries. The increasing demand for fuel and other natural resources and the ambition to become a global superpower is said to be behind China’s economic policy. Until the last decade, the picture of China’s policy being successful stood at the […]
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Washington- ‘I will not say that the severity of the climate change problem is low and do not worry about it. Climate change is also a big issue. But the threat posed by artificial intelligence seems more urgent and more important,’ warned Geoffrey Hinton, a researcher who developed ‘Generative AI’. A few days ago, Hinton […]
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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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Washington: ‘Gold is recognized as the oldest and most traditional asset used for investment worldwide. The world’s central banks are currently using this gold as a means of rebellion against the US dollar. Earlier, the dollar and gold were known as safe havens for investment. But now gold is considered safer,’ claimed American investor and […]
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Washington – Union Finance Minister Nirmala Sitharaman, currently visiting the US, reiterated India’s firm stance against cryptocurrencies. Sitharaman said that by taking a stand against cryptocurrencies at the right time, we cannot let our efforts to save the economy go to waste. Finance Minister Sitharaman was speaking at the event organised at the headquarters of […]
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Washington – Leading economist Nouriel Roubini gave a sensational warning that hundreds of banks in America have already gone bankrupt. In an article written under Project Syndicate, Roubini warned that US banks could lose up to 80 percent of their available capital through unrealized losses. In just one week last month, three US banks went […]
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Washington/London – International investors have lost billions of dollars in the last few days due to the crisis in the banking sector in the United States and Europe. Despite this awareness, the world’s leading central banks have once again announced an increase in interest rates. In the last 24 hours, US ‘Federal Reserve’ and the […]
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