Poland repatriates 100 tonnes of Gold from Bank of England to increase the capacity of the economy

Poland repatriates 100 tonnes of Gold from Bank of England to increase the capacity of the economy

Warsaw/London: Poland, an important country and a leading economy in Europe, repatriated 100 tonnes of gold. The Polish central bank, ‘National Bank of Poland’ informed that this step has been taken to increase the capacity of the national economy. But the analysts have claimed that the crucial factors behind this repatriation are the uncertainty in […]

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US-China trade war could culminate into war, warns senior US statesman Henry Kissinger

US-China trade war could culminate into war, warns senior US statesman Henry Kissinger

Beijing: “If a conflict is permitted to run unconstrained, the outcome could be even worse than it was in Europe. World War I broke out because of a relatively minor crisis … and today the weapons are more powerful,” warned former US Secretary of State and senior Statesman Henry Kissinger. While addressing the symposium ‘Bloomberg […]

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China pressurising India to participate in RCEP, India prepares to reply

China pressurising India to participate in RCEP, India prepares to reply

New Delhi: India has refused to sign the ‘Regional Comprehensive Economic Partnership’ (RCEP) agreement. After this, China has increased cooperation with other regional countries to pressurise India to sign the agreement. While China has been taking these efforts, India has initiated steps to get the status ‘Generalised System of Preference’ (GSP) reinstated from the United […]

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Australia set to take China on, in the Rare Earth mineral sector, Chinese exports in that sector decline by 18%

Australia set to take China on, in the Rare Earth mineral sector, Chinese exports in that sector decline by 18%

Canberra/Washington: There seems to be a new turn in the China-Australia relations, which are already strained, over the last few years. Australia talking tough regarding the issues of the South China Sea and Chinese interference in other countries has prepared to challenge the Chinese domination in the Rare Earth Minerals sector. Talks have already been […]

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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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