Beijing/Washington: China has devalued its currency, Yuan, to seven Yuan to a USD, at a time when the trade war is intensifying. While announcing this devaluation, the Chinese central bank mentioned the taxes imposed by the United States, unilateral decisions and protective trade policies of the United States. Therefore, this devaluation is believed to be […]
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Washington: The US Federal Reserve announced a cut of 0.25% in the interest rates, on Wednesday. It is the first rate cut by the Federal Reserve since 2008, and the stock markets in the United States as also around the world have begun a downward spiral. President Trump expressed displeasure over the cut and retorted […]
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Washington: The US Department of Justice (DOJ) has decided to institute investigations against the Big Tech resorting to monopolistic practices, using the financial might. Companies like Google, Amazon, Apple and Facebook would be facing the probe, named as the ‘Antitrust Review’. Only last week, a hearing was held of the companies, before the US Congressional […]
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Beijing: While the indications of the trade war between the United States and China have been flaring up further, China has aggressively started augmenting its Gold reserves. Since December last year, China has been on a gold buying spree and over just six months, has purchased a whopping 74 tonnes of gold. This Chinese purchase, […]
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Washington: The World Bank warned that Iranian oil exports are almost nil because of the harsh US sanctions. Oil exports being the primary source of funding in the Iranian economy; this is affecting the Iranian markets. Therefore, Iran may face an unprecedented recession.’ The World Bank also criticised the economic policies of the Iranian President […]
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Washington: In view of the trade war brewing between the United States and China, nearly 200 US companies have started preparations to move operations from China to India. A group of US entrepreneurs informed that this decision has been taken taking into consideration the progress and Stability of the Indian economy. Since the last two […]
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New York/London: International analysts have predicted that the uncertainty at the economic level and the heavy purchasing of Gold by the Central banks of various countries, will make the Gold rates jump to a whopping $1,400 per ounce. (1 Ounce = 28.5 Grams). Martin Huxley of INTL FCStone group claimed that the policy of the […]
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London: A global report warns that the ransomware received through emails and demanding ransom after targeting the computers, can cost the world nearly $193 billion. The report also claims that more than 600,000 companies are vulnerable to significant financial losses due to these ransomware attacks. The statistics published by the US Company Cybint, only last […]
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All the events of taking place in the 1930s were leading to major adversity, a crisis for the Jewish people. In 1933, the Nazi Party under Adolf Hitler seized power in Germany. On 30 January 1933, Hitler ascended to power, and within no time from this event, the Jews staying in Germany started to feel […]
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The Arab-Jew riots of 1929 in Jerusalem gradually quelled but only after consuming the lives of numerous Jews and after extensive damages to their properties and synagogues. Though everything seemed normal, it was superficial. The mutual anger in the minds of people on both the sides continued to rage unabated. The Arabs resorted to boycotting […]
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