Global economy takes a major hit due to Coronavirus, oil, stock markets crash, gold rates increase

Global economy takes a major hit due to Coronavirus, oil, stock markets crash, gold rates increase

London/New York: It is evident on the international level that the intensity of the Coronavirus epidemic, which has locked down China, the second largest economy of the world, is increasing by the day. While there is a steady rise in the number of deaths and people infected, the negative impact is apparent in the global […]

Read More »

Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

London/Washington/Beijing: The global economy is being hit because of the outbreak of the Wuhan virus, which is spreading rapidly in China and the other countries. The investor concerns are increasing with the increasing number of patients infected with Wuhan virus in China, and in effect, the US, European and Asian markets have crashed. Following the […]

Read More »

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 […]

Read More »

China starts independent stock market, to challenge the US domination

China starts independent stock market, to challenge the US domination

Beijing/Washington: Against the background of the actions initiated by us, President Donald Trump against China, the Chinese government has undertaken efforts to challenge the domination of the United States. Chinese companies in the technology sector are severely hit by the taxes and sanctions imposed by the United States. To bypass the effects of the US […]

Read More »

The world economy to hit for a whopping $600 billion, due to the US-China trade war

The world economy to hit for a whopping $600 billion, due to the US-China trade war

Washington: A report published by Bloomberg, a leading financial institution in the United States revealed that the effects of the trade war between the largest and the second largest economies in the world would not be restricted only to the warring countries and the worldwide effects will become apparent. The financial institution has warned that […]

Read More »

China imposes taxes on US goods worth USD 60 billion; global markets including the United States crash

China imposes taxes on US goods worth USD 60 billion; global markets including the United States crash

Beijing/Washington: China has fuelled the trade war further by imposing taxes on US goods worth $60 billion. Coming close on the heels of the Chinese announcement, global stock market dipped, and it’s currency Yuan hit a four-month low. Reacting ferociously to Chinese taxes, President Donald Trump ranted that he would not let the United States […]

Read More »

New Trump threat causes a dip in the Chinese stock market and currency; China claims to not bow to external pressures

New Trump threat causes a dip in the Chinese stock market and currency; China claims to not bow to external pressures

Washington: US President Donald Trump issued a formidable threat that if China does not sign a trade agreement now, it will face dire consequences from the year 2020. Intense repercussions of the threat issued by Trump were felt in China, and the stock markets and currency recorded a massive crash. While the effects of the […]

Read More »

China says will not negotiate with the US on trade talks ‘with a gun pointed its head’ after Trump announced new tariffs

China says will not negotiate with the US on trade talks ‘with a gun pointed its head’ after Trump announced new tariffs

Washington: President Trump announced new tariffs on Chinese goods saying that the United States is suffering a loss of $500 billion per year in the trade with China and the United States would not tolerate it henceforth. The blow Trump delivered at a time when the US-China trade negotiations are in the final phases had […]

Read More »

Major slide in Global stock markets, given Brexit uncertainty and growing shadows of global recession

Major slide in Global stock markets, given Brexit uncertainty and growing shadows of global recession

Tokyo/London: The Global stock markets saw a sharp decline, against the backdrop of the increasing uncertainty over the Brexit issue and the growing shadows of slowdown on the global economy. The US Dow Jones index had declined by a whopping 460 points on Friday. Its reflections were seen in the Asian and European markets. Japanese […]

Read More »

Major decline in Chinese economy, downfall in the stock market along with import-export

Major decline in Chinese economy, downfall in the stock market along with import-export

Beijing: Against the background of the trade talks with the United States and the parliamentary session, it has been observed that the economy has received major shocks. Exports, the mainstay of the Chinese economy, have recorded a decline of 20% in February and imports, trade profits and stock markets also have been hit severely. While […]

Read More »