Washington: Rising inflation, reduction in government expenses and the increasing trade deficit has triggered a decline of one and a half per cent in the US economy. By the end of 2021, a growth of 6.9% was recorded in the US economy. Against this background, this decline comes as a shock. A few days ago, […]
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New Delhi: Reserve Bank of India (RBI) exuded confidence, ‘Comprehensive vaccination campaign, the capacity shown by the economic sector and the significant increase in exports have put the Indian economy in a very sound condition. Therefore, the economy will face the global challenges competently.’ Even the developed countries face challenges in countering the crisis developing […]
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Moscow: It has become difficult for Russia to carry on with the trade with its friendly countries, given the harsh sanctions imposed by the United States and the western countries. The New Development Bank (NDB), started by the BRICS, has stopped Russian transactions. NDB clarified that this decision had to be taken given the uncertainties. […]
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Paris/Moscow/London: – French Finance Minister Bruno Le Maire warned that the flare-up in the oil rates following the Russian attack on Ukraine and its consequences are similar to the Oil Shock of 1973. The French Finance Minister warned that the global economy could slow down given the situation created in the oil market. The current […]
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Moscow: – Dmitry Peskov, the spokesman of the Russian government, confessed that the West has declared an economic war against Russia and it is absolutely unprecedented. The economic war has delivered a massive jolt to the Russian economy. Hence, it is difficult to predict the future. The United States and its allies have imposed sanctions […]
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Brussels/Moscow – New government in Germany has postponed the decision to approve the Nord Stream-2 pipeline. Two nuclear power plants in France have stopped due to technical reasons, leading to power shortage leading to a massive increase in power tariff across Europe. Last year, the cost of natural gas witnessed a rise of 450% in […]
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Moscow : The ‘National Wealth Fund’ (NWF), created from the Russian federal budget assets, has received a go-ahead to invest in gold. Russian Prime Minister, Mikhail Mishustin, issued the order to this effect. The NWF has been created to make up the budget deficit in case of an economic crisis and other related necessary measures. […]
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Ankara: – Turkish Foreign Minister Mevlut Cavusoglu warned that the European Union should refrain from punishing Turkey with sanctions. If the European Union imposed sanctions against Turkey, it would disturb the dialogue between the European Union and Turkey. There is tension reigning in the relations between the European Union, and Turkey and discussions are being […]
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Accra/Washington: – Africa has implemented the free trade agreement, from the 1st of January 2021, against the background of killer epidemics like Ebola and Coronavirus, terrorism and ethnic conflict. Senior official Wamkele Mene announced that the agreement was active saying ‘African Continental Free Trade Area is not only a trade agreement but important means for the development […]
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Washington/Beijing: – Since the last few months, China is claiming that its economy is coming back on track. A new report says that the real picture is different. The thinktank China Beige Book claimed that the Chinese economy could not return to normal before the end of first quarter of 2021. The report says that […]
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