US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

Washington: The US Congress and administration hints that big Information Technology (IT) companies would be undergoing scrutiny. The list of companies includes Google, Amazon, Apple and Facebook. The US Congress has said that these companies are allegedly using their financial muscle to create a monopolistic situation in the marketplace, which is detrimental to the democratic […]

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Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Washington/London: The trade war between the United States and China is intensifying by the day, and even the global investors and big corporates have not been able to asses the effects properly. The economists have claimed that over the last few months, the manufacturing sector in Europe as well as Asia, is taking a major […]

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China threatens US on the Rare Earths Minerals issue; US Defence Department submits report to the Congress

China threatens US on the Rare Earths Minerals issue; US Defence Department submits report to the Congress

Washington/Beijing: China has threatened that Rare Earth Minerals can be a counter weapon, in the hands of China and the United States should not underestimate the power of Chinese retaliation. The official newspaper of the Chinese ruling communist party, the Peoples Daily carried this threat, and China has started preparations to stop the export of […]

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Serbia and the Philippines increase their Gold reserves

Serbia and the Philippines increase their Gold reserves

Belgrade/Manila: Amid warnings of a slowdown in the global economy, a few of the smaller countries have been observed to be focusing on investment in Gold, as a security measure. Serbia, a state in Europe, has planned to take its Gold reserves to 50 tonnes whereas, the Philippines has approved legislation to encourage the country’s […]

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A rise in violence causes 20,000 civilians to flee from Northwest Nigeria to Niger: UN report

A rise in violence causes 20,000 civilians to flee from Northwest Nigeria to Niger: UN report

Niamey/Abuja: Nearly 20,000 Nigerian citizens have taken refuge in the neighbouring Niger, given the ethnic conflicts and attacks caused due to vigilantism. The displacement of this magnitude in just one and a half months has raised serious questions on the Nigerian security agencies and systems, once again. The state government in Nigeria was already in […]

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Iran ready for war against the US; announces Foreign Minister Zarif

Iran ready for war against the US; announces Foreign Minister Zarif

Baghdad: Iran losing its nerve due to the US declaration of additional deployment in the Gulf, has increased its activities in Iraq. Iranian Foreign Minister Jawad Zarif visited Iran on Sunday. Iranian Foreign Minister Jawad Zarif announced ‘Iran is ready for the economic and military war declared against it. Iran will fight the war with […]

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Chinese to target US companies following Huawei action

Chinese to target US companies following Huawei action

Beijing: China has initiated steps to retaliate against the US action, to stop big Chinese companies, including Huawei. China has formulated new cyber law with a provision that the foreign companies, in the information technology sector, will have to assure national security. The US and European companies have accused the Chinese government,even in the past, […]

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China provided a loan of USD 6.5 billion to Pakistan in fiscal 2018-19, Pakistan accepts under pressure from the IMF

China provided a loan of USD 6.5 billion to Pakistan in fiscal 2018-19, Pakistan accepts under pressure from the IMF

Islamabad/Beijing: It is being exposed that Pakistan has accepted many insulting terms, to receive a bailout package for its economy, heading towards bankruptcy. Bowing in front of these conditions, Pakistan has revealed the information that it has borrowed funds from China. It is revealed that Pakistan has borrowed nearly USD 6.5 billion from China, in […]

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German government splurges 23 billion Euros on migrants amid economic crisis

German government splurges 23 billion Euros on migrants amid economic crisis

Berlin: German opposition leader Alice Weidellambasted the German government ‘The money spent by the government on the migrants is an expensive Welcome Party, at the cost of the hard work of the German people.’ As per the received information, at a time, when the German economy is going through a crisis, the government has incurred […]

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Venezuelan failure will be more appalling than USSR and Zimbabwe; warn economists

Venezuelan failure will be more appalling than USSR and Zimbabwe; warn economists

Caracas: Leading international economist Kenneth Rogoff, warned that the Venezuelan failure will be the biggest and the most appalling in the world, other than the countries involved in wars and internal conflicts. The Venezuelan economy suffered major jolts when the crude oil rates had collapsed, at the international level. The attempt by President Maduro, to […]

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