Kuala Lumpur: Nearly 500 million people worldwide are expected to move to cities over the next seven years due to the growth of the global economy. Due to this, the fuel requirement will increase more. The demand for essential crude oil will rise to 110 million barrels per day in the next decades, claimed the […]
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Berlin – The shortage of skilled manpower in Germany, which is the economic engine of Europe, has become very serious. To overcome it, the Parliament of Germany has passed a new law. The merit-based mechanism has been included in the new law. Accordingly, the government claims that those seeking a visa to get a new […]
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Washington – During Prime Minister Modi’s visit to the US, both countries successfully resolved six trade disputes which reached the World Trade Organisation (WTO). India’s Minister of Commerce and Industry, Piyush Goyal, has expressed confidence that this will further increase the trade between India and the United States hereafter, and both countries will benefit from […]
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Washington: During Prime Minister Modi’s visit to the United States, the world was focused on the defence-related agreements between the two countries. US company, ‘GE Aerospace’ and Indian company, ‘Hindustan Aeronautics Limited’ (HAL) signed a deal to manufacture fighter aircraft engines. Along with this agreement, the two countries may also sign a contract for manufacturing […]
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Riyadh – With Saudi Arabia coming out of US influence, China has increased the intensity of bilateral cooperation. China and Saudi made 30 agreements worth about $10 billion during this period. Among these, agreements made in artificial intelligence, electric vehicles and the energy sector draw attention. Due to this, the US influence in the Gulf […]
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Brussels – The ‘Eurozone’, consisting of Europe’s 20 top economies, has been hit by recession. The three months from January to March of 2023, following the last quarter of 2022, also saw a decline in the eurozone economy. Whenever the growth rate of an economy shows negative growth for two consecutive quarters, that economy is […]
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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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Vienna – OPEC Plus’ (Organisation of the Petroleum Exporting Countries) decision to maintain the cut in fuel production till the end of 2024 will create an imbalance in the market. This could surge fuel rates at the international level, warned a senior Japanese official. Rystad Energy, a leading consultancy company in the fuel sector, has […]
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New Delhi – The country’s Chief Economic Advisor (CEA), V Anantha Nageswaran, announced that the Indian economy will advance at the growth rate of 7.2% in the fiscal year 2022-23. Nageswaran expressed satisfaction that the country could achieve this target due to the excellent performance of the agriculture, manufacturing, construction and mining sectors. This has […]
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US President Joe Biden has announced that he will not attend the Quad meeting in Australia. Claiming that the Quad meeting had collapsed due to this, China’s state-run newspapers mocked the organisation. But in reality, China had focused all its attention on the Quad Countries meeting held in Hiroshima. In this meeting, Prime Minister Narendra […]
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