Washington – Leading entrepreneur Elon Musk has warned that the US could ‘default’ at any moment given the ruling regime’s and administration’s ongoing spending. At this time, Musk added that it is no longer a question of whether the American economy can ‘default’ but when it will reach that stage. Currently, there is a fierce […]
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Moscow/Washington: In the background of the Russia-Ukraine war, there are indications that Russia’s influence on the African continent is increasing. It has upset the West, including the US, and they have started taking steps to curb Russia’s influence. Both Russia-China and US-Europe are trying to turn African countries on their side. The US media claimed […]
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Bangalore: Some countries have unsustainable-debt loads, so much so that they cannot tolerate it, which has become a major global problem. The distrust of international financial institutions has been partly responsible for this. Besides, Prime Minister Narendra Modi warned that these international financial institutions had been slowly working to implement the necessary reforms. The Prime […]
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Islamabad: Pakistan’s foreign reserves have fallen to the lowest level in the last ten years, leaving only three billion dollars in the country’s treasury. This will enable Pakistan to import in only a few days. The Prime Minister of this country complained that while Pakistan’s economy is in crisis, the International Monetary Fund has stalled […]
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Colombo: India has shown its readiness to assist Sri Lanka by all means, which has been in an economic crisis due to being stuck in the trap of Chinese debt. Foreign Minister of India S. Jaishankar emphasised it during his visit to Sri Lanka. Moreover, the Foreign Minister of Sri Lanka has expressed gratitude towards […]
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Dakar/ Washington: When China and Russia are trying to increase their influence in the African continent, Janet Yellen, the US Treasury Secretary, has entered Africa. Yellen’s Africa tour is for ten days; during this period, she will visit three countries, namely Senegal, Zambia and South Africa. A few days ago, China’s Foreign Minister Qin Gang […]
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Cairo/Beijing: African countries have been in trouble due to the Corona epidemic, the food shortage caused by the Russia-Ukraine conflict and the recession-like situation in the world economy. In such a situation, the international community had demanded, including African countries, that China, which provides the most loans to African countries, should waive the debt of […]
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New Delhi: The measures taken by the central government to reduce the bad loans of public sector banks are beginning to show their impact. This has reduced the amount of bad loans. Due to this, the net profit of 12 public sector banks increased by 50 per cent to Rs 25,685 crore in the second […]
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Geneva/ London: Due to the global crisis, around 54 countries’ economies are collapsing. Thus, these countries need urgent financial assistance. Pakistan, Sri Lanka, Tunisia, Chad, and Zambia are developing countries amid an economic crisis anytime soon. If the people of these countries do not receive assistance on time, the poverty in the respective countries will […]
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Canberra: Manasseh Sogavare, Prime Minister of the Solomon Islands, proclaimed that China would never be allowed to set up a base in the Solomon Islands. Over the last few months, reports suggested that China is setting up a military base in the Solomon Islands, which has raised tensions in the region. Australia criticized China’s plans […]
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