Washington: The remittances to India from NRIs who are employed or involved in businesses abroad, have been USD 80 billion during the year, states a World Bank report. India tops the world’s list of remittances followed by China, Mexico and Philippines. The remittances have resulted in the strengthening of the Indian economy while the World […]
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Singapore: Indian Prime Minister Narendra Modi launched a scathing attack on Pakistan saying ‘The source and the roots of all the terrorist attacks around the world are concentrated in only one place.’ Foreign Secretary Vijay Gokhale informed that the Prime Minister made this allegation during his discussions with the US Vice President Mike Pence. The […]
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London: The Gold demand has increased against the backdrop of the trade war declared by US President Donald Trump against China, sanctions imposed on various countries in view of the Iran nuclear deal and the uncertainty created because of this. The World Gold Council which keeps track of the Gold transactions and trade at the […]
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Beijing: The claims that the Chinese economy will be the worst affected because of the trade war with the United States seem to be turning into a reality. The Chinese economy is hit by a severe recession because of the trade war triggered by US President Donald Trump. As per the Chinese agencies, the growth […]
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‘The US economy will reach a critical situation in the next 2 years when it may have to tackle the US dollar crisis rather than the debt. It would be a political as well as a social crisis,’ was the serious warning issued by the US billionaire investor Ray Dalio. Dalio also warned that the […]
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Berlin: The sliding Turkish Lira is creating additional perils for the German economy, cautioned the German finance ministry. The value of the Turkish Lira has fallen by more than 50% against the US dollar, and the debt burden on the country also has increased. Germany being the country with the highest investments in Turkey will […]
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Beijing: China has warned that the intensifying trade war started by the United States will result in a global economic slowdown. The Chinese economic growth rate has seen a decline for the second consecutive quarter, and it is being attributed to the trade war with the United States. US President, Donald Trump has warned of […]
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Cape Town: ‘Gold Reserves in the world are now depleting and there is no alternative available,’ warned Nick Holland, the CEO of Gold Fields, the Gold mining company from South Africa. The demand for gold is increasing because of the instability and uncertainty prevailing at the global level. In this scenario, the warning by Holland […]
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Washington/Beijing: China has succeeded in acquiring a strategic military base within a few hundred miles of the Indian border, by ensnaring Sri Lanka in a debt trap, claimed a leading US daily. In an agreement signed at the end of last year, the Sri Lankan government has leased the Hambantota port and 15,000 acres of […]
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Beijing: China and the European Union have said that they are firmly against unilateral trade policies and trade protectionism and that the international economy may be hit by recession due to such policies. High level trade discussions between China and the European Union were held in Beijing on Monday. Although Europe and China have indicated […]
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