Beijing: Leading financial institution JP Morgan has alleged that China, the second largest economy of the world to have slowed down and all the efforts of the Chinese government to provide an impetus have failed. Over the last month, all the indices evaluating the Chinese economic progress have shown negative results. This negative picture of […]
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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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Washington: International voluntary organisation Oxfam claimed, ‘While four billion people of the world are lurking in the ditch of poverty, two billionaires are being added to the world every day. This situation,deteriorating day by day, becomes an indication of the increasing disparity in the international economy. This is nurturing frustration, anger and discontent in the […]
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Washington: The World Bank has warned that dark clouds of a new crisis are hovering over the global economy due to the pressures created because of tensions in the international trade, decreasing investment, increasing intensity of the natural calamities and the increasing debt burden. A new report released by the World Bank warns that the […]
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Tehran: It is clear that the Iranian economy is struggling because of the harsh sanctions imposed by the United States. As of today, one has to pay 110,000 Iranian Rial for a US dollar. The Iranian Central Bank has initiated measures to bring about changes in the valuation of the Iranian Rial. The Central Bank […]
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Beijing: Chinese President, Xi Jinping issued a stern warning ‘There is no threat from China to any country. At the same time, no country is in a position to dictate to the Chinese people what should or should not be done.’ This warning is apparently a message for the United States and indicates that the […]
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Brussels: The economic index of the Eurozone, group of the major European countries, has scaled the lowest level, in four years of 4% and there are indications of more severe hits to the economy of the Union over the next two years. The negativity in France and Germany is held responsible for the low situation. […]
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Washington: The International Monetary Fund (IMF) has warned that the debt burden in the international economy has risen to $184 trillion. The IMF has also warned that the United States, China and Japan are the countries mainly responsible for this debt burden. In consideration of the international economy, this debt burden is 225% of the […]
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Islamabad: The World Bank has cancelled financial assistance of $250 million to Pakistan. The credit was supposed to help uplift the Pakistani economy. However, due to failed negotiations with Pakistan, the World Bank has decided to cancel the said loan. The World Bank has delivered a jolt to Pakistan with the decision as Pakistan is […]
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Tokyo: The Japanese economy has sustained a massive blow due to the raging US-China trade war, with a 2.5% decrease seen in growth rate during the quarter of July-September. It is said that this is the biggest downslide since 2014. Analysts claim that the indications of a global recession have further strengthened due to this […]
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