US-China trade war threatens global economy: International Monetary Fund

US-China trade war threatens global economy: International Monetary Fund

Washington: ‘The International Monetary Fund feels that the trade tensions should be resolved to the satisfaction of everyone. It assumes significance against the background of the currently raging US-China trade war, as it has threatened the global economy,’ the IMF chief Christine Lagarde warned. At the same time, she cautioned both, the United States and […]

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26 super-rich have more wealth than 50% of the worlds poor population; Oxfam claims this horrible disparity is nurturing discontent

26 super-rich have more wealth than 50% of the worlds poor population; Oxfam claims this horrible disparity is nurturing discontent

Washington: International voluntary organisation Oxfam claimed, ‘While four billion people of the world are lurking in the ditch of poverty, two billionaires are being added to the world every day. This situation,deteriorating day by day, becomes an indication of the increasing disparity in the international economy. This is nurturing frustration, anger and discontent in the […]

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World Bank warns of lengthening shadows of a new global economic crisis

World Bank warns of lengthening shadows of a new global economic crisis

Washington: The World Bank has warned that dark clouds of a new crisis are hovering over the global economy due to the pressures created because of tensions in the international trade, decreasing investment, increasing intensity of the natural calamities and the increasing debt burden. A new report released by the World Bank warns that the […]

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The international economy has debts of $184 trillion; warns the IMF

The international economy has debts of $184 trillion; warns the IMF

Washington: The International Monetary Fund (IMF) has warned that the debt burden in the international economy has risen to $184 trillion. The IMF has also warned that the United States, China and Japan are the countries mainly responsible for this debt burden. In consideration of the international economy, this debt burden is 225% of the […]

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Seeds of a next global economic crisis are being sown, serious warning by economist in IMF meeting

Seeds of a next global economic crisis are being sown, serious warning by economist in IMF meeting

Jakarta: Seeds for a new economic crisis are being sown with the trade war between the United States and China, rising interest rates in the United States and declining currency value of the developing countries, was the warning issued in the meeting of the International Monitory Fund (IMF) meeting. Chief of the IMF, Christine Lagarde […]

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Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

Washington: The experts and analysts in the oil sector have claimed that crude oil rates could rise up to $120 due to the sanctions imposed by the United States on Iran and the trade war in the global economy. The oil supply from Iran has declined since the European and Asian countries have taken steps […]

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China warns that the trade war enforced by the US will slow down the global economy

China warns that the trade war enforced by the US will slow down the global economy

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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Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Canberra: The chief of Australia’s central bank has warned that the increasing built-up of debt in the Chinese economy, who is the biggest trade partner of Australia, can prove dangerous for both the countries. The debt to GDP ratio in the Chinese economy has risen from 100 percent to a staggering 260 percent in the […]

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Spiralling levels of debt may trigger global economic crisis, warns outgoing German finance minister

Spiralling levels of debt may trigger global economic crisis, warns outgoing German finance minister

Berlin: The outgoing German Finance Minister, Wolfgang Schaeuble, gave serious indications saying that the Central Banks like the European Reserve Bank and the US Federal Reserve have been attempting to inject trillions of dollars into the financial markets. Their attempts are giving rise to the formation of ‘new bubbles‘ which in itself is an invitation […]

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