Inflation flares up in US and UK due to Russia-Ukraine conflict

Inflation flares up in US and UK due to Russia-Ukraine conflict

London/Washington: Western countries that threatened to break the spine of the Russian economy with sanctions have been hit with a massive rise in inflation. The inflation index has reached new record levels in the United States and the United Kingdom, leaders of the anti-Russia campaign. Indications are that it would increase furthermore in the months […]

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Saudi begins to move away from Petrodollar to Petroyuan

Saudi begins to move away from Petrodollar to Petroyuan

Riyadh/Beijing: – Saudi, which has been selling crude oil only against the USD for the last five decades, has started preparations to start selling oil against the Chinese Yuan. Detailed discussions are being held between China and Saudi for this purpose. If the talks are fruitful, it will be a significant jolt for the USD […]

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China upset after India bans 54 Chinese apps

China upset after India bans 54 Chinese apps

Beijing/New Delhi – India banned 54 more Chinese apps accusing they pose a threat to national security. The Indian agencies carried out raids on the Chinese company Huawei after this. The Chinese commerce ministry has accused India of oppression against the Chinese companies. The Chinese commerce ministry expressed hope that India will seek legitimate and […]

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EU to invest €150 bn in Africa as a counter to China’s Belt & Road Initiative

EU to invest €150 bn in Africa as a counter to China’s Belt & Road Initiative

Brussels/Beijing: A new development has occurred in the ongoing tensions between Europe and China over issues such as Hongkong, Xinjiang, Taiwan- Lithuania. European Union has declared to invest €150 billion in the African continent to challenge China’s ambitious Belt and Road Initiative. The European Commission announced it on Thursday. Consequently, it also revealed that this […]

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EU announces provision of €300 billion against China’s BRI

EU announces provision of €300 billion against China’s BRI

Brussels/Beijing: – The European Union (EU) has announced an investment of 300 billion euros to challenge China’s ambitious Belt and Road Initiative (BRI). On Wednesday, European Commission President Ursula von der Leyen told the ‘Global Gateway’ initiative. She explained that the initiative would focus on infrastructure, health, climate change, and long-term development plans in developing […]

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Chinese team reaches Afghanistan to source Lithium

Chinese team reaches Afghanistan to source Lithium

Kabul/Beijing – A team comprising members of five Chinese companies has reached Afghanistan in search of rare earth minerals worth trillions of dollars. This was reported by China’s official mouthpiece, the Global Times. International analysts have warned that China is trying to find lithium reserves, one of the rarest minerals. China had rushed in with […]

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