New flareup in US-Europe trade war, European airplanes, machinery, coffee and many other products taxed between 10 and 25%

New flareup in US-Europe trade war, European airplanes, machinery, coffee and many other products taxed between 10 and 25%

Washington/Brussels: After receiving the verdict from the World Trade Organisation (WTO), the United States has decided to levy taxes on the European Union. These US taxes have caused a new flareup in the trade war between the two largest economies of the world. US President Donald Trump welcomed the verdict of the WTO and justified […]

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Russia and Turkey to conduct trade in local currency, Russian President Vladimir Putin

Russia and Turkey to conduct trade in local currency, Russian President Vladimir Putin

Ankara/Moscow: – Russia and Turkey, already cooperating on the issues like Syria, Iran and Venezuela, have initiated steps to strengthen bilateral economic cooperation. Russian President Vladimir Putin gave this information during his visit to Turkey. As per this, both the countries will soon be starting trade transactions in their local currencies and an agreement to […]

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US-China Trade war-a big blow to the global economy in 2020, warns the International Monetary Fund

US-China Trade war-a big blow to the global economy in 2020, warns the International Monetary Fund

Washington/ Beijing: The ongoing trade war between US-China is no longer a mere threat to the global trade war crisis. The impact of this war on the economy is already visible,’ saying, so the International Monetary Fund has predicted a decline in the global economy next year by 0.8 %. For the second time in […]

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Russian foreign reserves and gold stocks reach record levels amid the recession at the international level.

Russian foreign reserves and gold stocks reach record levels amid the recession at the international level.

Moscow: Experts at the international level have been warning that US-China trade war, uncertainty regarding Brexit, tensions over the Iran issue and the sanctions imposed by the United States against various countries would be the factors precipitating a global recession. Against the backdrop of this looming recession, it is reported that Russia has increased its […]

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Gold prices surge to USD 1,550 per ounce, following the flare-up in the US -China trade war

Gold prices surge to USD 1,550 per ounce, following the flare-up in the US -China trade war

London/New York: Owing to the latest flare-up in the US-China trade war, gold prices have climbed considerably. On Monday, gold prices scaled up to USD 1,550 per ounce mark, setting a new record. Earlier, it was in April 2013 that gold had reached its peak. At the beginning of the month, Gold rates had crossed […]

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US and Japan will sign a free trade agreement, declares President Trump

US and Japan will sign a free trade agreement, declares President Trump

Paris/Washington/Tokyo: While the US-China trade war is intensifying, US President Donald Trump announced a free trade agreement with Japan. President Trump gave information regarding the free trade agreement, following the discussions with the Japanese Prime Minister Shinzo Abe, on the sidelines of the G7 summit being held in Paris. Trump claimed the agreement to be […]

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President Trump issues orders to US companies in China to look for other alternatives

President Trump issues orders to US companies in China to look for other alternatives

Washington/Beijing: After the warning that the loot China has carried on for many decades needed to stop, President Trump issued clear instructions to the US companies operating in China to exit from the country and relocate elsewhere. As the orders came just ahead of the imposition of tariffs on the entire range of Chinese imports, […]

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US-China trade war accelerates decline of Chinese economy, China’s statistics misleading 

US-China trade war accelerates decline of Chinese economy, China’s statistics misleading 

Beijing/Washington: Last month, the Chinese government had announced a drop of 6.2% in the Chinese GDP growth. However, the US media claimed that the statistics were misleading, and the GDP fall was more than the published figure. In the past, China was revealed to overplayed economic growth figures, which it is repeating, as per an […]

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Chinese economy will be severely hit because of the taxes imposed by President Trump, IMF warns a decline of 0.8% in 2020

Chinese economy will be severely hit because of the taxes imposed by President Trump, IMF warns a decline of 0.8% in 2020

Washington/Beijing:  Due to the trade war initiated by US President Trump, the Chinese economy is on the verge of decline, and if further burdened with taxes, it would collapse in the year 2020. A report published by the International Monetary Fund (IMF) regarding China, warns that the Chinese economy can decline by 0.8%, under the […]

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