Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
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Los Angeles: India has objected to the points proposed by the ‘IPEF’ (Indo-Pacific Economic Framework), which was set up to expand trade cooperation among 14 countries in the Indo-Pacific region. Commerce Minister Piyush Goyal clarified that India would take a decision only after getting detailed information on the point it objected to. At the same […]
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Brussels: Due to flaring inflation and declining productivity, the European continent is predicted to be hit by the economic recession. Despite this threat of recession, the European Central Bank, the central bank of the European Union, has increased the interest rate by an unprecedented 0.75%. The impact of this interest rate hike has started to […]
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New Delhi: Crises like flaring inflation at the global level, conflict in Ukraine and tensions in the Taiwan Strait have encircled the global economy. Simultaneously, the economies of all the major countries, including the US and China, have declined due to a disrupted supply chain. Even in such a situation, the global developments will not […]
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Washington: Economist Nouriel Roubini has concluded that the US economy will soon collapse due to inflation flareup, rising unemployment and reduced production. He further warned that interest rate hikes by the Federal Reserve to curb inflation would increase the debt burden and hamper economic growth. Roubini had earlier predicted an economic recession in 2008-09. Therefore, […]
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Abu Dhabi: India and the United Arab Emirates (UAE) have decided to take their bilateral trade to $100 billion in the next five years. During the three-day visit of the Indian External Affairs Minister S Jaishankar to the UAE, both countries declared this objective again. The 14th Joint Commission meeting was held in the presence […]
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Gandhinagar: Electric Vehicles (EVs) have a distinct characteristic of being silent in drive mode. Thus, Prime Minister Modi said EVs create a silent revolution in India. Prime Minister Narendra Modi announced that India aims to become self-reliant in energy in the next 25 years. The Prime Minister spoke during a program organized in Gandhinagar, Gujarat, […]
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Mumbai: The Indian economy will develop at a rate of 7.4 per cent in the fiscal year 2023. Union Finance Minister Nirmala Sitharaman stated that the same growth rate would also continue in its next financial year. With the confirmation from RBI, the finance minister, in a program organised in Mumbai, stated that India will […]
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Washington/Beijing: A US report has warned that if urgent steps are not taken to end the predicament in the USA’s space sector, China will overtake the United States in the next decade to become a space superpower. The Defense Innovation Unit (DIU), the United States Space Force (USSF), and the Air Force Research Laboratory (AFRL) […]
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Brussels: European Drought Observatory has warned that the continent is facing the most severe drought in the last 500 years, triggering an emergency in more than 60% of the regions. Drought has been announced in many parts of France, Spain, Italy, and the United Kingdom. The survival of crops and trees is threatened in Germany, […]
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