USD will lose its leader status in the global economy, warns leading financial institution JP Morgan

USD will lose its leader status in the global economy, warns leading financial institution JP Morgan

Washington: JP Morgan, the leading financial institution in the world, warned that in the coming decades the global economy is set for some landslide changes and USD will lose its influence on the worldwide economy and the system with the influence of the Asian continent will take over as the leader. Only last month, former […]

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US Coast Guard seizes 17,000 pounds worth of drugs in a submarine

US Coast Guard seizes 17,000 pounds worth of drugs in a submarine

Washington: In a daring operation by the US Coast Guard, massive amounts of drugs have been seized from a fast-moving submarine. The Coast Guard has informed to have undertaken this mission last month, publishing a video of the chase on social media. Acknowledging this operation, the US Vice President, Mike Pence met with the Coast […]

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World Bank and International Monetary Fund launch experimental Cryptocurrency

World Bank and International Monetary Fund launch experimental Cryptocurrency

Washington: The world is moving from currency to cryptocurrency. The economists are claiming that cryptocurrency will be the future of the world. Reports of some countries moving towards cryptocurrency, also have been published. It has also been revealed that leading financial institutions and banks are seriously considering the use of cryptocurrency. But now the World […]

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China failed to provide impetus to the slowing economy; claims financial institution JP Morgan

China failed to provide impetus to the slowing economy; claims financial institution JP Morgan

Beijing: Leading financial institution JP Morgan has alleged that China, the second largest economy of the world to have slowed down and all the efforts of the Chinese government to provide an impetus have failed. Over the last month, all the indices evaluating the Chinese economic progress have shown negative results. This negative picture of […]

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China will lose 5.5 million jobs due to the trade war with the US, claim economists

China will lose 5.5 million jobs due to the trade war with the US, claim economists

Washington/Beijing: China will lose out about 5.5 million jobs due to the trade war initiated by US President, Donald Trump, 5.5 million Chinese jobs will be lost, was the sensational claim made by the economists at JP Morgan Chase. Since the last two months, reports of partial collapses in the Chinese economy were being received […]

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