Washington: The USD is currently at its highest level in two decades and the rest of the world’s economies are suffering the consequences. The International Monetary Fund (IMF) has warned that the USD’s strength is becoming problematic and its effects are beginning to show. This warning from the IMF is getting support from other countries […]
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Washington: The demand for action against Saudi Arabia, which has decided to cut crude oil production without any consideration for the United States, is gaining momentum. Missiles to be supplied to Saudi and the Patriot air defence systems should be diverted to Ukraine. The members of the ‘Foreign Relations Committee’ in the US Senate proposed […]
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Washington: Inflation flare-up, rising interest rates and the Russia-Ukraine conflict have a significant impact on the economy, and the world economy, including the United States, will be hit by a recession in the next six to nine months, warned Jamie Dimon, the Chief of JPMorgan. Dimon has consistently been making aware of the possibility of […]
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Washington: President Joe Biden’s Democratic Party, has suffered a setback ahead of next month’s mid-term elections in the United States. Former US Congresswoman Tulsi Gabbard announced her exit from the Democratic Party on Tuesday. The current Democrat Party does not stand up for the US public but is being controlled by a handful of elite […]
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Washington: Last week, OPEC plus, a group comprising the world’s leading fuel-producing countries, decided to cut daily crude oil production by two million barrels. This has evoked a strong reaction from the US. The US Treasury Secretary Janet Yellen criticised OPEC’s decision as wrong and inappropriate. Besides, members of Congress from the ruling Democratic Party […]
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Washington: Russia, followed by China, has dramatically increased its activities in the Arctic region. The United States has announced that military deployment and investment in this region will be increased to a large extent to counter them. A new ‘National Strategy for the Arctic Region’ was released by the White House on Friday. It outlines […]
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Washington: OPEC Plus countries have decided to cut crude oil production by 2 million barrels per day to stop the crashing fuel prices in the international market. This is likely to push fuel prices to $110 per barrel. The United States has reacted strongly to this decision taken on the initiative of Saudi Arabia and […]
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Washington/Moscow: ‘We’ve got a guy I know fairly well, not joking when he talks about the potential use of tactical nuclear weapons or biological or chemical weapons. We have not faced the prospect of Armageddon since Kennedy and the Cuban Missile Crisis. I don’t think there’s any such thing as the ability to easily (use) […]
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Vienna/Washington: OPEC Plus, a group which includes the world’s leading fuel-producing countries, has decided to decrease crude oil production by two million barrels per day. This decision is considered to be a significant diplomatic victory for Russia. The United States has strongly reacted to this, and the Biden administration has criticised the announcement as protecting […]
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Washington: The US national debt has exceeded $31 trillion, a historic high in the US economy. After US President Joe Biden came to power, the debt increased by $3.37 trillion. Biden’s over-ambitious and expensive policies is the reason for this debt burden. Analysts have warned such policies are creating shocks for the US economy. On […]
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