Washington – The International Monetary Fund (IMF) has warned that economic growth will continue to be unbalanced in the wake of the Corona outbreak, leading to increased poverty, discontent and geopolitical tensions. The IMF report warned that although the economy is expected to grow by the end of 2021. However, it will slow down again […]
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New Delhi – The government has no plans to print more currency notes to alleviate the financial crisis caused by the Coronavirus, Finance Minister Nirmala Sitharaman said. The finance minister made this revelation while answering a question in the Lok Sabha. Stating that the fundamentals of the Indian economy are powerful, Finance Minister Sitharaman assured […]
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Beijing: – China has allowed three children for every married couple to counter the increasing percentage of older people and reduction in the birth rate in the population. The ruling communist party made this announcement on Monday. Economists had warned that this growing number of senior citizens in the Chinese population would deliver a major […]
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Washington: – Dr Peter Hotez, a researcher doctor from the United States, has warned that there is a threat of future COVID-26 and COVID-32 pandemics if the origin of Coronavirus is not found. Hotez also warned that the world suffered pandemics like SARS and MERS in the last two decades. If pandemics are to be […]
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London: – Senior US statesman Henry Kissinger said that the United States needs to understand the Chinese position on the new global economy and warned that otherwise, there is a strong possibility of a new conflict sparking in the world. Kissinger made this statement during the function organised by the British thinktank Chatham House. Kissinger […]
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Washington: US Trade Representative claimed that the taxes imposed on the Chinese goods during former US President Donald Trump’s tenure would not be withdrawn. US Trade Representative Katherine Tai said that withdrawal of China’s taxes could negatively affect the US economy. While indications of a softer stand regarding China are being received from the Biden […]
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Paris: – Since the last few days, US financial institutes are predicting and forecasting a flareup in the international oil prices. The International Energy Agency (IEA) claimed that these statements regarding oil price flareup are misleading. In the last five months, oil prices have increased by 80%. Moreover, the US financial institutions and analysts had […]
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Beijing/Washington: China criticised that the financial aid announced by the United States and the other developed countries, given the Coronavirus pandemic, can have detrimental effects on the global economy. Guo Shuqing, Chief of the Chinese Central Bank, said that the massive aids announced by the United States for recovering economies had created huge bubbles in […]
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Beijing: – The Chengdu city administration in China has gifted 40 million Yuan to its 200,000 citizens. This is the biggest gift given by an administration in China to its citizens. This is because the currency is in digital form. Moreover, China becomes the first country to test the use of digital currency on such […]
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Vienna: – It was decided in the meeting of OPEC, the organisation of oil-producing countries, that the oil production should be maintained at the current levels. But Saudi created a sensation with an announcement that it will be cutting down its oil production by 1 million barrels. This Saudi decision comes as a jolt to […]
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