Poor countries are distressed due to wealthier nations – Indian EAM S. Jaishankar

Poor countries are distressed due to wealthier nations – Indian EAM S. Jaishankar

Cairo: Other countries have to bear the consequences of the decisions taken by developed countries. Indian Finance Minister Nirmala Sitharaman told the developed countries they should take responsibility for such decisions. After that, Indian External Affairs Minister S. Jaishankar also slammed the rich countries. The rich countries are unaware that the poor are being hit […]

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Strengthening of USD is a problem for other economies – IMF warns

Strengthening of USD is a problem for other economies – IMF warns

Washington: The USD is currently at its highest level in two decades and the rest of the world’s economies are suffering the consequences. The International Monetary Fund (IMF) has warned that the USD’s strength is becoming problematic and its effects are beginning to show. This warning from the IMF is getting support from other countries […]

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India-Australia defence cooperation is vital for a free and open Indo-Pacific region – External Affairs Minister S. Jaishankar

India-Australia defence cooperation is vital for a free and open Indo-Pacific region – External Affairs Minister S. Jaishankar

Canberra: External Affairs Minister S. Jaishankar claimed that the defence cooperation between India and Australia hugely contributes to a free and open Indo-Pacific region. Jaishankar held talks with Australian Defence Minister Richard Marles on a two-day visit to Australia. Before that, EAMinister Jaishankar had bilateral talks with Australian Foreign Minister Penny Wong. At this time, […]

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If the Iranian army uses force, the intensity of the movement will increase, Iranian analysts warn

If the Iranian army uses force, the intensity of the movement will increase, Iranian analysts warn

Tehran: The ongoing anti-regime protests in Iran for the past three weeks have seen a strict crackdown by the Revolutionary Guards and the Iranian police against protesters. The Revolutionary Guards also had used force to crush the anti-regime protests earlier. But analysts in Iran have warned that if force is used for crushing the ongoing […]

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Ruble strengthens against USD and Euro given the annexation of Ukrainian provinces  

Ruble strengthens against USD and Euro given the annexation of Ukrainian provinces  

Moscow: While the President of Russia announced annexing the Ukrainian regions, Western countries indicated new sanctions against Russia. Despite these Western warnings, the Russian Ruble has strengthened against the US and European currencies. In the past few days, while the USD has hit record highs, other major world currencies have fallen. Against this backdrop, the […]

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Long-term recession crisis looming over Europe – World Bank Chief warns

Long-term recession crisis looming over Europe – World Bank Chief warns

Washington/Geneva: Slowdown in the Chinese growth rate and falling economic output in the United States are deepening the grip of recession in Europe. The fuel crisis in Europe, dependent on Russian fuel, will continue in the coming times. The President of the World Bank, David Malpass, warned that the economic recession crisis is hovering over […]

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US Dollar records highest level in two decades – Euro and GBP’s value declines alongside Yuan’s historic slide

US Dollar records highest level in two decades – Euro and GBP’s value declines alongside Yuan’s historic slide

Washington: The US dollar has reached its highest level in the last two decades. Compared to the dollar, the Chinese currency, Yuan has reached the bottom and recorded the lowest level. The changes recorded in the currencies of the world’s first and second largest economies are significant. With the US Federal Reserve raising interest rates […]

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The golden age of globalisation is over – Warns Singapore’s Finance Minister

The golden age of globalisation is over – Warns Singapore’s Finance Minister

Singapore: ‘The golden age of globalisation that we have known for the past 30 years since the end of the Cold War is clearly over, and we are entering a new era, a new era that will be marked by greater geopolitical contestation,’ Singapore’s Finance Minister Lawrence Wong warned. At the ‘Forbes Global CEO Conference’ […]

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Japanese PM and South Korean President meet on the sidelines of UN General Assembly meet

Japanese PM and South Korean President meet on the sidelines of UN General Assembly meet

New York: Japanese Prime Minister Fumio Kishida met South Korean President Yoon Suk-Yeol in New York on Thursday. Sources said that both leaders agreed to strengthen bilateral relations and cooperation during the meeting. This is the first time since 2019 that the heads of state of these two countries have met each other in person. […]

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