UK’s defence spending increases by $6 bn to counter the growing threat of Russia and China – announces Prime Minister Rishi Sunak

UK’s defence spending increases by $6 bn to counter the growing threat of Russia and China  – announces Prime Minister Rishi Sunak

San Diego/London – The United Kingdom has announced a major increase in its defence spending to counter Russia’s invasion of Ukraine and unprecedented challenges from China. Prime Minister Rishi Sunak announced that the UK had provided an additional $6 billion in defence spending in the next two years. At this time, the UK has released […]

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Stock markets plunge globally due to US banking crisis – Shares of the world’s leading bank Credit Suisse fall by over five percent

Stock markets plunge globally due to US banking crisis – Shares of the world’s leading bank Credit Suisse fall by over five percent

Washington/London/Tokyo – Despite the assurances given by President Joe Biden in the wake of the US banking crisis, uncertainty among global investors still remains. This has had a strong impact on global stock markets, including the US and stocks in the banking sector have taken a huge hit. In the US alone, banks suffered losses […]

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Bankruptcy of the US bank indicates a bigger crisis for technology companies – experts and analysts warn

Bankruptcy of the US bank indicates a bigger crisis for technology companies – experts and analysts warn

Washington – Silicon Valley Bank’s (SVB) announcement of bankruptcy in the US is the second-largest insolvency case of the bank since 2008. This has caused serious repercussions around the world. Silicon Valley Bank was the leading and the biggest lender to technology startups in various countries, including the US and UK. Israeli Prime Minister Benjamin […]

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Determined to expand India-Australia bilateral cooperation

Determined to expand India-Australia bilateral cooperation

New Delhi – Australian Prime Minister Anthony Albanese claimed that India and Australia were close friends. He added that they fight each other in cricket stadiums, but both countries were trying to develop a better world together. Addressing a joint press conference after bilateral talks with Prime Minister Modi, the Prime Minister of Australia highlighted […]

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India and USA sign MoU to manufacture semiconductors

India and USA sign MoU to manufacture semiconductors

New Delhi – An MoU was signed between India and the US on the manufacturing of semiconductors. Indian Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo signed the agreement. Under the newly formed agreement, India and the USA will collaborate to establish a robust supply chain essential for semiconductor manufacturing. […]

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‘KYC’ mandatory for cryptocurrency transactions – Union Finance Ministry issues notification

‘KYC’ mandatory for cryptocurrency transactions – Union Finance Ministry issues notification

New Delhi: India has taken a major step to regulate cryptocurrencies, warning that cryptocurrencies could cause the next financial crisis. According to this, it has been made mandatory for everyone who deals in cryptocurrency, invests money in it and benefits from it to file ‘Know Your Customer-KYC’. Because of this, crypto traders will have to […]

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Global stock markets plunge after Federal Reserve chief Powell’s statement

Global stock markets plunge after Federal Reserve chief Powell’s statement

Washington: The economic figures that have emerged in the last few days indicate a stronger economy than expected. Therefore, Federal Reserve chief Jerome Powell warned that the increase in interest rates in the near term could be higher than previously estimated. Powell’s statement has strongly impacted the global stock market, and several indices have seen […]

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National Education Policy will make India a great economic superpower – claims Australian Education Minister

National Education Policy will make India a great economic superpower – claims Australian Education Minister

New Delhi: By 2035, one in four graduates worldwide will be from an Indian university. Australia’s Education Minister Jason Clare claimed that the country would soon become a great economic superpower due to the National Education Policy (NEP) adopted by India. Moreover, Claire has expressed a belief that NEP would transform India and enhance the […]

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Technology will enable India to reach the goal of being a developed country – Prime Minister Narendra Modi

Technology will enable India to reach the goal of being a developed country – Prime Minister Narendra Modi

New Delhi: Prime Minister Narendra Modi expressed confidence that technology will make the dream of a developed India a reality as the country completes 100 years of independence. At the same time, with technologies like 5G and artificial intelligence (AI), the top ten issues the masses face today will resolve. Pointing out that this advanced […]

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