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 […]
Read More »
Singapore: Chinese Defence Minister Wei Fenghe warned the United States that his country’s door is open if the US wants to talk but that it would fight till the end if a fight is what Washington wants. However, China will never tolerate threats from the United States. During the Shangri La dialogue, on Saturday, the […]
Read More »
Washington: The US President has decided to target the duty-free import of Indian goods, worth $ 5.6 billion. The Generalised System of Preference (GSP) status, awarded to India, which kept these imports duty-free, will be revoked from June 5. However, India termed the decision to be unfortunate. The US President said that this decision was […]
Read More »
Mecca: ‘No strict action has been taken against Iran so far. Therefore, the Islamic Republic has increased the frequency of launching deadly attacks. However, to cut off Iran’s support to terrorism and avert the threat to vessels travelling across the Persian Gulf, the international community should use all means possible to counter Iran,’ Saudi Arabia’s […]
Read More »
Washington: The United States has been preparing to corner China on the currency issue, after targeting it through the trade war. The US trade department has proposed the imposition of tax on countries controlling the value of their currencies. The list will include countries like India, Australia, Germany, Switzerland, Japan, South Korea, along with China, […]
Read More »
Washington/ Ankara: United States is disappointed with Turkey on the issue of the S400 Missile system; as a consequence, it has withdrawn special trade status assigned to Turkey. Considering the trade and economic progress between the United States and Turkey, this privilege has been, and the implementation of the same has been done with immediate […]
Read More »
Washington/Beijing: US President Trump threatened to intensify the trade war saying ‘China will have to pay the price as it has violated the trade agreement with the United States.’ A severe reaction has been received from China against the threat issued by Trump and China has said that it was fully equipped to safeguard its […]
Read More »
London: The US Secretary of State Mike Pompeo issued a stern warning to the United Kingdom over the Huawei issue saying that ‘Every country has the right to decide on ways to counter the challenges it faces. We expect that the United Kingdom will not take any inappropriate decisions while finalising the telecom policies. I […]
Read More »
Washington/Beijing: US warships carried out patrolling near the Spratly Islands which China claims to be its territory. The US Navy announced that this patrolling was to underline the international rights whereas China has fired a salvo of criticism at the United States saying that the US warships, intruding into the Chinese marine region without permission, […]
Read More »
Washington: President Trump announced new tariffs on Chinese goods saying that the United States is suffering a loss of $500 billion per year in the trade with China and the United States would not tolerate it henceforth. The blow Trump delivered at a time when the US-China trade negotiations are in the final phases had […]
Read More »
