China’s financial recession will be dangerous for US economy – US Treasury Secretary warns

China’s financial recession will be dangerous for US economy – US Treasury Secretary warns

Las Vegas: ‘The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis either,’ US Treasury Secretary Janet Yellen warned. Just a few days ago, US President Joe Biden claimed that […]

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Property giant Country Garden’s losses indicate fresh real estate crisis in China – experts warn

Property giant Country Garden’s losses indicate fresh real estate crisis in China – experts warn

Beijing: China’s top real estate company ‘Country Garden’ has not paid interest dues on US dollar bonds. This information emerged as the company announced a seven billion-dollar loss in the first six months of 2023. The company has a total debt burden of $200 billion. Besides, it has surfaced that the company does not have […]

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Wagner Group rebellion in June is part of Russia’s special operation – Senior Ukrainian official claims

Wagner Group rebellion in June is part of Russia’s special operation – Senior Ukrainian official claims

Kyiv/Moscow – A senior Ukrainian official has claimed that Russia’s private military company Wagner Group’s rebellion in June was part of Russian President Vladimir Putin’s special operation. Besides, Ukraine and the Western countries had said that the Wagner Group revolt was an incident to hollow out President Putin and the Russian regime. However, a discussion […]

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Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Washington: Western defence companies have made the biggest gains from the Russia-Ukraine conflict, claims a US website. A website named ‘Defense News’ made public the list of the top 100 highest-earning companies in the defence sector in 2022. Over 50 US companies are included in these, and the information has come to the fore about […]

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China Coast Guard blocks Philippine military boat with water cannon attack – Philippine Armed Forces allege

China Coast Guard blocks Philippine military boat with water cannon attack – Philippine Armed Forces allege

Manila/Beijing – The Armed Forces of the Philippines has accused the Chinese Coast Guard of attacking a military ship travelling on the Philippine maritime border with a water cannon. During this incident in the South China Sea on Saturday, the Philippines also accused the Chinese ship of dangerously blocking the way of the Philippine vessel. […]

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US credit rating downgrade hits stock markets

US credit rating downgrade hits stock markets

Washington: On Tuesday, the top international rating agency Fitch Ratings, released a report on the sliding status of the US economy. This Fitch report has strongly impacted the global stock market, including the United States. Asian and European stock markets have suffered huge losses along with major US indices. After the report of Fitch, the […]

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Chinese citizens should engage in espionage – Chinese intelligence agency MSS appeals

Chinese citizens should engage in espionage – Chinese intelligence agency MSS appeals

Beijing – China’s leading intelligence agency has appealed to all Chinese citizens to be involved in espionage to thwart the ongoing espionage efforts of foreign powers. Besides, it has surfaced that the agency named the Ministry of State Security (MSS) created its social media account and published such posts. In April, the Chinese Communist government […]

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