Washington: The US national debt has exceeded $31 trillion, a historic high in the US economy. After US President Joe Biden came to power, the debt increased by $3.37 trillion. Biden’s over-ambitious and expensive policies is the reason for this debt burden. Analysts have warned such policies are creating shocks for the US economy. On […]
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Washington: China alone has provided more loans to poor and developing countries than the three sizeable financial institutions – the World Bank, the International Monetary Fund and the Paris Club – have given so far. But China’s lending outside of the conventional system will increase the burden on the economies of these countries. Janet Yellen, […]
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Istanbul: Protests were held in Turkey against the oppression of the Uyghurs in the Xinjiang province by the Chinese Communist regime. At this time, the protestors alleged that China had committed hunger genocide in Xinjiang, citing the Coronavirus pandemic. It has been revealed that the protests in Istanbul have been supported by locals in Turkey […]
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Colombo – India’s High Commissioner to Sri Lanka has reprimanded China, saying that Sri Lanka needs assistance, not unnecessary pressure or fueling disputes. The Chinese ambassador had alleged that India was interfering in Sri Lanka regardless of its sovereignty. The High Commission of India reprimanded China while reacting to this. ‘His violation of basic diplomatic […]
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Doha: With foreign reserves falling below $8 billion, Pakistan’s Prime Minister Shehbaz Sharif is reaching out to allies for help. Prime Minister Shehbaz Sharif had visited Qatar for this purpose. Qatar has responded to his call and has announced an investment of about $3 billion in Pakistan. A Pakistani minister has claimed that this will […]
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New Delhi: Union Finance Minister Nirmala Sitharaman expressed confidence in the Lok Sabha that there is no possibility of the country landing in recession. The finance minister also pointed out that the World Bank and International Monetary Fund have given the verdict that there is no possibility of a recession in the Indian economy. Finance […]
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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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Beijing: The outbreaks of Coronavirus pandemic, the crisis in the housing sector and the heat wave have resulted in a major decline in the Chinese economy. The Chinese economy could register a growth rate of a meagre 0.4% in the April-June quarter. This is the lowest since 2020. International analysts have raised doubts about the […]
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Colombo: Sri Lankan Energy Minister Kanchana Wijesekera said that they had appealed other nations to assist with fuels. But to date, only India has come forward to make loans available to Sri Lanka for fuel purchases. India has assured all the possible assistance to Sri Lanka, grappling with the crisis, to bring the country to […]
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Islamabad: Pakistan has been plagued by concerns that the country’s condition will be similar to that of Sri Lanka in the coming months. When the debt burden on Pakistan has increased tremendously, new loans must be taken at high-interest rates to run the country. Most new loans have to be used to repay the loans […]
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