Price Caps’ will destroy global Energy Sector – Russian President Vladimir Putin warns

Price Caps’ will destroy global Energy Sector – Russian President Vladimir Putin warns

Moscow: This is the road towards the destruction of world energy. There may come a time when the underinvested industry will no longer provide the market with the required volume of products. And then prices can skyrocket. And they will hurt those who are trying to implement these tools, warned Russian President Vladimir Putin. While […]

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Japan announces provision of $320 billion for defence preparedness against the threats posed by China and North Korea

Japan announces provision of $320 billion for defence preparedness against the threats posed by China and North Korea

Tokyo: Considering the growing threat in the Pacific region due to the increasing possibility of a Chinese attack on Taiwan and North Korean missile tests, Japan has announced a substantial increase in its defence spending. On Friday, Japan announced the new national security policy. It highlighted the need for an unprecedented increase in defence spending […]

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US interest rates indicated to touch 5% in a year – Half percent increase from Federal Reserve and Bank of England

US interest rates indicated to touch 5% in a year – Half percent increase from Federal Reserve and Bank of England

Washington/London: The US Federal Reserve has announced an increase in interest rates by half a percentage point. While making this announcement, Jerome Powell, the head of the Federal Reserve, also warned that interest rates in the United States may reach five percent by the end of 2023. After the Federal Reserve’s announcement, the Bank of […]

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Work on third aircraft carrier has already begun – Defence Minister Rajnath Singh

Work on third aircraft carrier has already begun – Defence Minister Rajnath Singh

New Delhi: Even needles were not manufactured in India at the time of independence. But after 75 years, India is building an indigenous aircraft carrier. India has become the seventh country in the world to achieve this capability. Defence Minister Rajnath Singh announced that the country had started work on building another aircraft carrier after […]

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Terrorist Pakistan is the biggest hindrance in SAARC cooperation – MEA S Jaishankar

Terrorist Pakistan is the biggest hindrance in SAARC cooperation – MEA S Jaishankar

Varanasi: Pakistan Prime Minister Shahbaz Sharif announced that Pakistan would make efforts to provide an impetus to the SAARC conference. Prime Minister Sharif also criticized India has hampered SAARC cooperation. Subsequently, External Affairs Minister S Jaishankar gave a fitting reply. Jaishankar pointed out that the SAARC organization has not been active because of a country […]

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EU must file a complaint against US Inflation Reduction Act – Chair of EU Parliament’s trade committee warns

EU must file a complaint against US Inflation Reduction Act – Chair of EU Parliament’s trade committee warns

Brussels/Washington: Bernd Lang, head of the European Parliament for trade committee, warns of legal proceedings at the World Trade Organization (WTO) against the Inflation Reduction Act introduced by the US. He feels that nothing much would be achieved through mere negotiation. Ursula von der Leyen, the head of the EU, has criticised the US for […]

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Russia creates a ‘Shadow Fleet’ of more than 100 oil tankers to bypass Western sanctions and price cap – a UK daily claims

Russia creates a ‘Shadow Fleet’ of more than 100 oil tankers to bypass Western sanctions and price cap – a UK daily claims

Moscow: While imposing a price cap on Russian crude oil, the Western alliance, along with the European Union, has decided to stop seaborne imports of Russian crude oil. It came to light that Russia has created a ‘shadow fleet’ of more than 100 oil tankers to circumvent these sanctions imposed by the West. Leading UK […]

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