Moscow/Washington – Russia has warned that if the G7 group, including the US, tries to confiscate Russian assets abroad and use them for Ukraine, Russia’s response will be ‘tit for tat’. These efforts initiated by Western countries will be challenged at the legal level and may weaken the foundation of the global economy, President Vladimir […]
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Washington/Beijing – The top US newspaper has claimed that the model of economic progress that took China to become the second-largest economy in the world is over. The data revealed in the last few months confirm that the Chinese economy, which has maintained the pace of economic growth for nearly four decades, encompasses various crises. […]
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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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Washington: The Federal Reserve’s report revealed that with the US citizens withdraw $78 billion from banks in just one week having withdrawn $78 billion from banks in just one week, it has emerged that the US Banking sector crisis is not yet over. In April, people withdrew $100 billion from the leading bank, First Republic. […]
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Beijing – The ruling communist government of China has informed the leading banks of the country to reduce the interest rate. Reduce the interest rate from half to one per cent, it has been said in this information, a Western newspaper has said in its news. For the second time in the last year, the […]
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Washington – The international study group, Institute of International Finance (IIF), has warned that the debt burden on the world economy has reached $305 trillion. The IIF pointed out that factors such as the increasing ageing population in developed countries, growing expenditure on the healthcare sector, additional provision for defence due to geopolitical tensions and […]
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Washington/Beijing – Senior officials of the US Defense Department warned that China’s influence in the Latin American Continent and the Caribbean island region, known as the US’s ‘backyard’, has been steadily increasing. It has come to light that this warning was given during the US Congressional hearing a few days ago. The Biden administration’s neglect […]
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Beijing/Khartoum: Over the past decade, China has emerged as the largest credit lender for African countries. The increasing demand for fuel and other natural resources and the ambition to become a global superpower is said to be behind China’s economic policy. Until the last decade, the picture of China’s policy being successful stood at the […]
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Dhaka: External Affairs Minister (EAM) of India S. Jaishankar has participated in the sixth ‘Indian Ocean Conference’ that has begun in Dhaka, the capital of Bangladesh. While speaking on this occasion, Jaishankar attacked China without directly citing names; he said nations disregard legal obligations or violate long-standing agreements and immensely damage trust and confidence. He […]
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Washington – The US House of Representatives of the US Congress has approved the bill that increases the debt ceiling taken by the government. A bill that would increase the debt ceiling by $1.5 trillion was approved by a narrow margin of 217 to 215 in Wednesday’s session. However, the sources say that the bill […]
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