The condition of the Iranian economy will worsen furthermore than the Iraq wartime, warns Iranian President Rouhani

The condition of the Iranian economy will worsen furthermore than the Iraq wartime, warns Iranian President Rouhani

Iranian President Hassan Rouhani expressed a concern that the Iranian economy has become sick because of the new sanctions imposed by the United States and to recover from this all the political parties have to come together; otherwise, Iran will be faced with a much worse condition, than the one faced after the Iraq war. […]

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The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]

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Alarming increase in debts of the Arab countries; warns head of IMF

Alarming increase in debts of the Arab countries; warns head of IMF

Dubai: The International Monetary Fund (IMF) has warned that the debt burden on Arab countries is increasing. Christine Lagarde, the Managing Director and Chairwoman of the IMF, issued this warning in an economic conference held in Dubai, cautioning the Arab countries that import and export crude oil. Christine Lagarde also pointed out that the Arab […]

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The US stock markets collapse once again, under the effect of shutdown and rate increase by Federal Reserve

The US stock markets collapse once again, under the effect of shutdown and rate increase by Federal Reserve

Washington: The US Stock markets collapsed on Monday owing to the rise in the interest rate by the Federal Reserve, the shutdown started because of non-passage of the Federal Spending Bill and the shocking decisions of President Trump. All the three indices Dow Jones, S&P 500 and Nasdaq, reported record falls, and these are the […]

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The fall in the US stock markets indicating worse recession than 1929; warns former congressman Ron Paul

The fall in the US stock markets indicating worse recession than 1929; warns former congressman Ron Paul

Washington: Former congressman Ron Paul warned, ‘There is a major upheaval in the US stock markets. Seeing that the condition is not improving the investors will start deserting the market. The situation that will follow will be worse than the 1929 recession.’ Against the background of Paul’s warning, the US stock markets declined by nearly […]

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New indications of decline in the European economy; negative atmosphere in France and Germany

New indications of decline in the European economy; negative atmosphere in France and Germany

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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Japanese economy suffers against the background of US-China trade war

Japanese economy suffers against the background of US-China trade war

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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Increased use of local currency in the Russian sponsored ‘Eurasian Union’; success in countering the use of US dollar

Increased use of local currency in the Russian sponsored ‘Eurasian Union’; success in countering the use of US dollar

Moscow: Information has been received that the use of local currency bypassing the use of US dollar has increased in the Eurasian Union created with the Russian initiative. As per the information provided by Russia, 70% of the transactions in the first six months of 2018, by the members of the Eurasian Union were in […]

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US stock markets will collapse by 50% in the near future, warns former congressman Ron Paul

US stock markets will collapse by 50% in the near future, warns former congressman Ron Paul

Washington: ‘The biggest financial bubble is about to burst in the near future. The US stock market will crash by more than 50% of the current level,’ claimed former Congressman Ron Paul. Saying that it will be surprising if anyone does not agree with him, Paul warned that the United States will face severe financial […]

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Iranian nationals flee to neighbouring countries for passports, to evade the ‘travel ban’ by US

Iranian nationals flee to neighbouring countries for passports, to evade the ‘travel ban’ by US

Washington: Frustrated by the declining value of the Iranian currency, Rial in the international market and the fraudulent economic policies of the Rouhani government, Iranian nationals have started looking at the neighbouring and western countries for shelter. The Iranian nationals are claimed to be illegally obtaining passports of other countries, to bypass the travel ban […]

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