Beijing/Washington: Last month, the Chinese government had announced a drop of 6.2% in the Chinese GDP growth. However, the US media claimed that the statistics were misleading, and the GDP fall was more than the published figure. In the past, China was revealed to overplayed economic growth figures, which it is repeating, as per an […]
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Washington/Berlin/Warsaw: The US Ambassador threatened Germany and said that the United States would withdraw military deployment in Germany. The ambassador accused the Germany of spending all its funds on the internal matters, while the United States was spending its taxpayers’ money on the military deployment. US President Donald Trump had openly criticised the leading NATO […]
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For Israel, the decade of 1950 proved to be one of the ‘rationing system’ or the ‘austerity measures’. However, the foundation of the future Israeli social system got laid in this decade. Even as Israel is considered a developed nation today, in the 1950s, it was miles away from this status. Going forward in our […]
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Niamey: Nigeria, the largest country in West Africa, has consented to join the ambitious Free Trade Agreement for the African continent. The Nigerian consent, increased the number of African countries, joining the Free Trade Agreement, to 53. At the same time, senior officials said that this makes the path smoother,for implementation of the Free Trade […]
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New Delhi: Prime Minister Narendra Modi expressed confidence, ‘Although the goal to make India, a $5 trillion economy, by 2024, is very challenging, it can be achieved if appropriate cooperation is received from the Indian states.’ In his inaugural address at the fifth meeting of the planning commission NITI Aayog, Prime Minister Modi appealed to […]
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Washington: The World Bank warned that Iranian oil exports are almost nil because of the harsh US sanctions. Oil exports being the primary source of funding in the Iranian economy; this is affecting the Iranian markets. Therefore, Iran may face an unprecedented recession.’ The World Bank also criticised the economic policies of the Iranian President […]
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London: Renowned institution IHS Markit informed that India will become the 5th largest economy in the world, this year itself, overtaking the United Kingdom, whereas, by the year 2025, India will overtake Japan. The institution also has reported that India will be able to maintain its growth rate, in the coming times. IHS Markit also […]
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Belgrade/Manila: Amid warnings of a slowdown in the global economy, a few of the smaller countries have been observed to be focusing on investment in Gold, as a security measure. Serbia, a state in Europe, has planned to take its Gold reserves to 50 tonnes whereas, the Philippines has approved legislation to encourage the country’s […]
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Washington: The US Secretary of State Mike Pompeo appealed that the NATO countries must unite to face the challenge of the growing threat from Russia, China and Iran. The US Secretary of State drew the attention of NATO members, to Russian aggression, uncontrolled immigrant influx, cyber attacks, the threat to energy sources, Chinese challenge at […]
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Washington: The World Bank has warned that dark clouds of a new crisis are hovering over the global economy due to the pressures created because of tensions in the international trade, decreasing investment, increasing intensity of the natural calamities and the increasing debt burden. A new report released by the World Bank warns that the […]
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